Healthcare EFT standard

The standard allows providers to request that claims payments be made using EFTs instead of paper checks–that is, electronically transferred from the insurer to the provider’s bank account via ACH, similar to direct deposit. Health plans are required, by law, to comply.

Converting to EFTs via ACH can result in substantial cost and time savings for healthcare practices, many providers have received misinformation about EFTs via ACH that could be deterring them from making the switch