The AHA said in its comments that the rule is “an important step forward to advance administrative simplification and burden reduction,” and urged CMS to propose adoption of an acknowledgement transaction standard to “clear the way for total adoption of CORE’s operating rules.”
The rule is intended to streamline administrative processes for healthcare providers, and CMS estimates EFT and ERA standards could save hospitals, physicians, the government and other healthcare stakeholders more than $9 billion over the next decade.
More Articles on Electronic Fund Transfers:
HHS Issues Interim Final Rule on Simplifying Administrative Tasks
CMS Finalizes Electronic Funds Transfer Standards
HHS Issues Electronic Standards for Healthcare Transactions
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