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3 Min Read

Banning health plan EFT fees could save practices big

U.S. senators introduce bill to stop health plans, vendors from charging unnecessary 2% to 5% fees when physicians opt to get payments electronically.

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6 Min Read

March 8, 2024: National Advocacy Update

Senators introduce the No Fees for EFTs Act and more in the latest National Advocacy Update.

Advocacy Update
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3 Min Read

House bill makes it clear: No fees for health plan EFTs

Such fees can cost practices $1 million a year and gobble up as much as 5% of physician payments. Bipartisan bill backed by the AMA would ban them.

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4 Min Read

Doctors ask CMS to enforce rules on zero-fee EFT payments

As much as 3% of EFT claim payments are going to “value-added” services physician practices never requested. It’s time for the practice to end.

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2 Min Read

Oct. 5, 2017: Advocacy spotlight on Physicians protected from health plan credit card fees

Physicians protected from health plan credit card fees, according to CMS. Read about AMA's advocacy to clarify the HIPAA standard.

Advocacy Update
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5 Min Read

Physicians protected from health plan credit card fees

Three-year advocacy effort pays off as CMS explicitly spells out what payers must do regarding virtual credit card and EFT payments to physicians.

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2 Min Read

3 ways electronic transactions can help manage payment errors

Medical practices that have made the transition from paper to an electronic claims revenue cycle spend less time on administrative processes and have more time to lessen payment errors and appeal inappropriate denials.

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2 Min Read

6 ways your practice can save by using electronic transactions

More medical practices are improving their revenue cycle by accepting electronic remittance advice, an electronic version of a paper explanation of payment. See what 6 ways your practice can benefit from their use. A newly updated AMA toolkit offers the insights you need.

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2 Min Read

Virtual credit cards could be costing you 5% of your payments

More health plans are paying claims with virtual credit cards (VCC). Physicians might not be aware of hidden fees which could be costing you 5% of your payments. You may be losing a significant amount of your contractual payments to high interchange fees charged by the credit card company.

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