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Tag: Healthcare

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Getting dentists to switch to electronic claim payments is at the heart of Nacha's new campaign with the American Dental Association.
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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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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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American consumers and businesses make tens of billions of payments directly from their bank accounts each year using ACH. Many medical offices operate on tight budgets, and with COVID-19 impacting the way business is done, every dollar counts more than ever. ACH can help. 
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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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Many dentists have yet to experience the benefits of receiving insurance claim payments by ACH, but there are encouraging signs, a new report found.

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In a recent podcast interview, Nacha’s Brad Smith discusses ACH growth areas—donation payments, healthcare payments, and subscription payments
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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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While the current national emergency is impacting daily life and business operations, the ACH Network is operating normally. Using ACH payments can provide some assistance during this difficult time.
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Dr. Sara Stuefen is a big fan of EFT payments. She knows they're quick and convenient. And insurance companies that try to make her take a Virtual Credit Card learn this dentist won't stand for it. 
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Doctors are overwhelmingly receiving claim payments using Direct Deposit by ACH, but dentists still have a lot of work to do, the new 2019 CAQH Index finds.
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The number of ACH payments totaled more than 5.6 billion in the third quarter of 2018, a 6.7 percent increase over Q3 2017, according to Nacha.