A new healthcare electronic funds transfer (EFT) standard went into effect at the beginning of the year, yet many healthcare IT professionals are still unaware of it and the time and money savings it can provide.

In the past, the lack of an EFT standard placed a heavy burden on providers. Providers interested in receiving EFT payments had to deal with a variety of enrollment procedures, and transactions were often delayed. There was also no standard for reassociation of data¬ómaking it difficult to match payments with claims.

Register or login for access to this item and much more

All Health Data Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access