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Stop Paying to Get Paid: Effective Electronic Payments
September 16, 2014
 

The health care claims revenue cycle has increasingly moved from the use of paper checks to various forms of electronic payment.  Electronic payment offers the potential to save physicians significant time and money, but only if implemented properly.  Health plans currently offer numerous forms of electronic payments, each of which is associated with different risks and benefits.

In order to ensure that physician practices are able to realize efficiency improvements and financial savings, this webinar will provide attendees with the knowledge of electronic payments, an understanding of the 1/1/2014 Health Insurance Portability and Accountability Act (HIPAA) electronic funds transfer (EFT) payment regulation (including the rights and responsibilities of health plans), an overview of the implications of accepting virtual credit card payments, and an introduction on how to implement the new Automated Clearing House (ACH) EFT transaction into their practice.

Objectives:

The objectives of this webinar are to enable physicians to:

1. Initiate a review of their payments as related to EFT and virtual credit card usage.
2. Sign up for the HIPAA standard EFT payment using the ACH Network.
3. Provide staff and billing personnel important tips to help prevent unauthorized processing of inefficient payments.
4. Contact their banks and health plans to properly reconcile EFT payments with remittance information.


Presenters

Terrence Cunningham, JD - Senior Policy Analyst, AMA Administrative Simplification Initiatives
Robert Poeisz - Principal Policy Analyst, AMA Administrative Simplification Initiatives

Continuing Medical Education Credit

This event has been approved for 1 hour AMA PRA Category 1 Credit™.

Accreditation Statement
The American Medical Association is accredited by the Accreditation Council for Continuing Medical Education to provide continuing medical education for physicians.


Designation Statement
The American Medical Association designates this enduring material for a maximum of 1.00 AMA PRA Category 1 Credits™. Physicians should claim only the credit commensurate with the extent of their participation in the activity.

Receiving Your CME Credits
To claim AMA PRA Category 1 Credit™ and receive your CME certificate, you must: 1) view the activity material in its entirety and 2) complete the evaluation on the AMA Online Learning Center


Disclosure Statement
The content of this activity does not relate to any product of a commercial interest as defined by the ACCME; therefore, there are no relevant financial relationships to disclose for the planners or faculty. 

 

The duration of this webinar is 60 minutes. 

 
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