Medical claims clearinghouses offer a range of services to the healthcare providers for an efficient revenue cycle management. Now the clearinghouses have the opportunity to expand their existing range of services by partnering with a Payment Service Provider (PSP) like Payment21®.
The National Automated Clearing House Association (NACHA) has set up a guide for healthcare service providers to help them start using the ACH networks for EFTs.
Offshore medical billing companies, especially those based in India and the Philippines, can now partner with Payment21® to enter the transaction services business allowing them to keep up with the increasing competition from full service companies.
Automated Clearing House (ACH) Networks can significantly reduce the cost and time of processing payments for medical professionals. Processing Electronic Fund Transfer (EFT) with the ACH Network could bring cost-savings and efficiencies not only to the Healthcare providers, but also to other key players in the Healthcare industry.
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