The Sept. 5 survey comprises responses from 900 medical practice executives.
Here are four key findings.
1. Transaction fees from health plans and third-party vendors related to electronic fund transfers generally range from 2 percent to 5 percent of medical services payment.
2. While 17 percent of respondents said their electronic payments from health plans required a fee, 50 percent of respondents said no fee is attached to their electronic payment transfers.
3. Of respondents who said they faced fees for electronic payments, 60 percent said the health plans use a third-party payment vendor.
4. More than 32 percent of physician practices said they were unsure if they face fees for electronic payment transfers.
For full survey results, click here.
More articles on healthcare finance:
5 pieces of RCM advice for practices
11 latest hospital credit downgrades
10 hospitals seeking RCM talent
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.