Displaying 1 - 16 of 16

Tag: Healthcare EFT

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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

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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.

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A decade-long increase in medical and dental professionals receiving claim payments by EFT continued in 2023.

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For more than a decade, Nacha has actively encouraged healthcare providers to move away from checks and receive claim payments by ACH.

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Using Healthcare Electronic Funds Transfer (EFT) for electronic claim payments simplifies accounting and reduces costs while also being HIPAA-compliant.
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When healthcare EFT is used with electronic remittance advice (ERA), the healthcare EFT standard can help streamline processes and create cost savings. Find the resources to support the adoption of the EFT Standard and ERA.
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Nacha's efforts to get healthcare providers to use ACH for claim payments are paying off, with about 453 million healthcare claims paid by ACH last year, up 6.3% from 2021. 
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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.
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Presidents typically stand before Congress and proclaim the state of the union to be strong. Michael Herd was looking for a different adjective to describe the ACH State of the Union and came up with the perfect fit: “historic.”
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After closing her practice for seven weeks during the pandemic, Dr. Hope E. Watson was grateful to get back to work, and called electronic claim payments "a blessing." 

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2021 is shaping up to be a banner year for healthcare volume on the ACH Network, as medical and dental providers increasingly recognize the advantages of electronic claim payments. 
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The number of payments and value conducted on the ACH Network.
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Nacha recently filed comments in response to a request related to “Healthcare Standards Development, Adoption and Implementation” from the National Committee on Vital Health and Statistics (NCVHS).
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As the COVID-19 pandemic begins to subside, healthcare claim payments are on the rise. Figures from Nacha show nearly 37.4 million healthcare claim payments were made to providers by ACH in March 2021, the most ever in a single month, and an increase of 19.3% over March 2020. The value of those payments, more than $171.3 billion, is up 13% from a year earlier. 
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When Dr. Mark MiHalo first began practicing dentistry, claims had to be mailed in, and then he waited for checks. But with the ease of today's electronic payments, there's no reason to look back.

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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.