August 2010

Electronic funds transfer (EFT) now available

Claim payments can be deposited directly into your bank account through electronic funds transfer (EFT). If you are not already receiving electronic payments, we encourage you to consider the following advantages:

• Elimination of lost or stolen checks
• Fast, secure delivery of claims payments
• Elimination of trips to the bank to deposit checks

In addition, existing software at many provider offices can automatically reconcile payments received against claims posted when EFT is used in combination with electronic remittance advices (ERA).

Learn more about EFT and sign up.


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