Healthcare electronic funds transfers via the Automated Clearing House Network (ACH) and using the Healthcare EFT Standard can make practice management easier and more affordable—and switching doesn’t have to be difficult.

Compared with other payment methods, providers can save up to $7.21 per payment using EFTs via ACH in combination with electronic remittance advice (ERA), according to the 2014 CAQH Index. EFT via ACH payments, which transfer funds electronically from the insurer’s account to the provider’s account, are also faster than other methods, with funds available the same day they are received.

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