NACHA announced that its membership has adopted a new health care payments rule as part of the NACHA Operating Rules.
“Any health care provider with a bank account will be able to receive a health care electronic funds transfer (EFT) via ACH, just like a Direct Deposit,” said Janet O. Estep, NACHA president and CEO. “Providers will benefit from faster deposits and access to funds, and cost savings from not having to deposit paper checks. Payers will also benefit from replacing the printing and mailing of paper checks with electronic payments via ACH.”
The rule supports health plans’ and health care providers’ use of the ACH Network for electronic health care claims payments, and the electronic “reassociation” of these payments with electronic remittance advices (ERAs).