MGMA Urges CMS to Provide Guidance on EFT Transfer Payments

The Medical Group Management Association (MGMA) has sent a letter to CMS Administrator Marilyn Tavenner urging more oversight for electronic funds transfers (EFTs) for the payments of medical services.  While the Affordable Care Act (ACA) includes measures to simplify and encourage electronic transactions for payments, MGMA believes that some clearinghouses and payers are charging “unreasonable fees” for EFT transactions, which goes against the spirit of the healthcare reform law.

Read the source article at ehrintelligence.com

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