The Workgroup for Electronic Data Interchange has released a free 29-page guide on other rules. It covers the enrollment process for electronic funds transfers (EFT) and electronic remittance advices (ERA) to help hospitals, office-based providers, claims clearinghouses and health plans prepare for the rules mandated by the Affordable Care Act for Medicare. A final rule on EFT was published last July, while an interim final rule on the operating rules for EFT and ERA enrollment and other related components followed last August. HHS declared the interim rule would be the final rule in an April 19, 2013 announcement.
The protocols covered by the rules will enable the healthcare industry to shift from paper-based to electronic financial transactions. The shift will reduce the need for paper checks and the manual processing between health plans and other payers and healthcare providers, and will speed payments.
The guide explains the new rules and has recommendations on best practices and answers to questions healthcare entities may have now and in the future, Pamela Grosze, a vice president at PNC Bank, said in a news release.
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