BC Advantage - 2014 Issue 9

Claims Payment Automation: How to Make an Educated Choice

By Priscilla Holland, AAP, Senior Director, NACHA - The Electronic Payments AssociationMany providers have found that claims paid by virtual card have increased this year. As a result, the fees they pay for card acceptance have skyrocketed. Does your practice have a planned response to virtual card claims payments? Do you know your rights under the Affordable Care Act (ACA) to a less expensive form of claims payment? Under the ACA, providers have a number of electronic payment options available to them for claims reimbursements. Options can include the healthcare EFT standard via ACH, credit and virtual card payments...

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