https://immattersacp.org/weekly/archives/2013/10/22/6.htm

New online tool lets practices enroll in EFT with multiple payers through a single, online process

CAQH has launched a new, universal electronic funds transfer (EFT) enrollment tool that facilitates the use of electronic payments between payers and clinicians by offering a single point of entry for adopting EFT.


CAQH has launched a new, universal electronic funds transfer (EFT) enrollment tool that facilitates the use of electronic payments between payers and clinicians by offering a single point of entry for adopting EFT. The tool, free to clinicians, creates efficiencies for both payers and clinicians by eliminating the need to enroll in EFT separately for each health plan.

The CAQH enrollment tool allows clinicians to enter their EFT enrollment information into a single, secure, online utility and select the payers to which their information should be sent. Payers receive the enrollment information electronically from CAQH, enabling clinicians to complete the process once. In addition, clinicians can go into the tool at any time, make changes and easily distribute those changes to the applicable payers if needed.

Beginning January 2014, all payers, including Medicare, will be mandated to offer EFT under the requirements of the Patient Protection and Affordable Care Act. To access the CAQH EFT enrollment tool, or for more information, visit the tool website.

CAQH has designed a survey that takes less than 10 minutes to complete for ACP members interested in helping CAQH identify the challenges and improve implementation of EFT. The survey is available online.