Published with permission of the American Medical Association (AMA)
Change is coming soon to health plans' claims payment processing. Beginning January 2014, all health plans must be able to make claims payments to physicians and other health care providers using the newly-designated healthcare electronic funds transfer (EFT) standard under the Patient Protection and Affordable Care Act (PPACA). In addition, Medicare will soon reimburse physician practices' claims solely through the use of the healthcare EFT standard.
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