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Florida dentists will soon find it easier to get fee-free EFT claim payments—and reject virtual credit cards (VCCs)—under a new law coming to the Sunshine State. “A health insurer that pays a claim to a dentist through Automated Clearing House transfer …
The Council for Affordable Quality Healthcare (CAQH) owns and manages the CORE Operating Rules. The Healthcare EFT Enrollment Rules were just updated to help health claim payments move more efficiently and effectively while aiming to reduce fraud. Three …
It’s been one of Nacha’s main focuses in recent years: Encouraging healthcare professionals—especially dentists—to receive claim payments by electronic funds transfer, or EFT. There’s new evidence that these efforts are paying off. The 2023 CAQH Index …
A decade-long increase in medical and dental professionals receiving claim payments by EFT continued in 2023. The nearly 488 million EFT healthcare payments reflect a rise of 7.7% over 2022. And when you look back to 2013, when there were just 19.2 …
Why does Northern Virginia dentist Dr. Amy Adair like electronic claim payments via ACH? And what happened when an insurer tried sending virtual credit cards? Nacha's case study shows why EFT payments is the way to go for healthcare professionals. …
For more than a decade, Nacha has actively encouraged healthcare providers to move away from checks and receive claim payments by ACH. Since January 2014 the Nacha “CCD+Addenda” has been the healthcare EFT standard designated by the Department of Health …
There’s a lot going on in the payments industry, making it important to get out in front of lawmakers and their staffs to help bring them up to speed. That’s why Nacha holds its annual Hill Day to help educate Congress on the importance of ACH payments to …
While ACH is as easy as ABC in the payments world, not everyone knows about the benefits of using electronic payments. That’s where Nacha’s Industry Verticals team comes in. “Mention Direct Deposit and the light bulb comes on, but ACH is a whole lot more, …
It’s called “Smarter Faster Payments 2023” for a reason, and this year you’re going to see an emphasis on faster. “The sessions have pivoted to ‘what does faster mean and how do clients engage with it?’” said Joe W. Hussey, Senior Vice President of Global …