Electronic Funds Transfer (EFT) is your safe and low-cost alternative to accepting virtual credit cards (VCC) or paper checks for claim payments. EFT is one way to ensure secure and timely claim payments from dental benefit plans. No high per payment fees, no worry about paper checks being misplaced or lost in the mail.
There is not a single path leading to successful EFT implementation. Every dental practice can determine the way to accept and process standard electronic claim payments that best fits its own business needs. Although these paths may differ, the following multi-part checklist identifies the common decisions and actions.
This checklist will guide you through:
- Completing Your Research
- Preparing Your Implementation Plan
- Implementing Your Plan
- Deciding When to Implement EFT with Other Payers
- Determining When to Take the Next Step – Electronic Remittance Advice (ERA) Implementation
Download the EFT Implementation Checklist
You can learn more about how EFTs can help dental offices receive quicker payments by watching our EFT webinar on demand.