Speed Up Payments with CAQH’s EFT Enrollment Utility
A new tool from CAQH can help your practice receive payments faster, thus helping to create a healthier financial picture for your practice.
By using CAQH’s EFT Enrollment tool, providers can securely enroll in electronic payment programs with payers. The site streamlines enrollment in these programs by eliminating the need for multiple and different forms required by each payer and centralizing EFT enrollment between multiple payers. Once entered, making changes to information for your practice can be done quickly and easily. Additionally, payments are deposited directly into your practice’s bank accounts, reducing much of the administrative processing time as well as the time between receipt of payment and deposit into your bank accounts.
The CAQH EFT enrollment tool offers several advantages over other EFT enrollment options:
One secure, online location to enter, view and manage bank information for multiple payers
Free for providers to use
Developed and managed by CAQH, a not-for-profit organization focused on simplifying administrative processes in healthcare
To read more about this enrollment tool, read the CAQH Whitepaper on EFT.
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Read more about DoctorsManagement’s credentialing services or contact Dawne Wood at 800-635-4040.
If you have questions about this topic or any other issues around the business of medicine, contact us via email or call us at 800-635-4040.