Medical Billing Service Alert – Physicians Save with EFT

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At Physicians Billing Service, we are vigilant about saving money for our Medical Practice clients who outsource medical billing.

Beware of Onerous Medical Payer Fees for Reimbursements

Recently, we have counseled many of our clients on a disturbing trend.  Many medical Payers have undertaken a surreptitious approach of reimbursing physicians with a hybrid version of a ‘credit card’ that deducts 2% to 3% as a transaction fee.  Under the guise of speed of payment, medical payers have been coaxing Physicians to receive electronic reimbursement via these glorified credit cards or debit cards, while not necessarily of making it easy for Physicians to understand the full costs of doing so.

At Physicians Billing Service, we work on the behalf of our clients to implement EFT (electronic fund transfer) which as zero transaction costs…in comparison.  Quite a difference from paying an additional 2% – 3% as a ‘convenience fee’.

As the MGMA (Medical Group Management Association) reported recently, “as part of the Affordable Care Act of 2010 (ACA), health plans as of Jan. 1, 2014 are required to offer physician practices the option of receiving their payment via electronic funds transfer (EFT) using a national standard.”

To read more about this important information, Download Information from the MGMA on Medical Billing Service Alert – Physicians Save with EFT.

If your medical practice needs assistance in reducing the costs of medical billing, call Michelle Stahl, Owner of Physicians Billing Service, at 703-978-0756.  We proudly save money for Physicians from coast-to-coast including:  Columbia MDClarendon VABaltimore MD, and Tampa FL.

By Michelle Stahl, Owner, Physicians Billing Service.

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About Us

We are proud to support leading Physicians & Medical Practices through-out Florida, Maryland, Washington DC, Virginia, Pennsylvania, New Jersey & New York. Your commitment to excellence inspires us! Since 1989, Physicians Billing Service has been committed to excellence in Medical Billing & Collections.

Contact Us

6035 Burke Center Parkway, Suite 390, Burke VA, 22015. Call (703) 978-0756. Fax: (703) 978-7762.
Contact Michelle Stahl, Owner