Home Article Are you set up to accept EFT from Medicare? 

Are you set up to accept EFT from Medicare? 

Are you set up to accept EFT from Medicare? 

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By HME News Staff

Updated 9:05 AM CDT, Mon July 22, 2024

LUBBOCK, Texas – Brown & Fortunato is advising HME providers to make sure they have downloaded and completed the current version of Medicare’s paper electronic fund transfer (EFT) form by July 24, 2024. In accordance with 42 CFR 424.510(e)(1), and Pub 100-08, Chapter 10, Section 10.6.10 of the Internet-Only Manuals, all providers must receive payments via electronic funds transfer. Providers that do not receive payments via EFT were notified in April of the impending deadline. If providers don’t complete the EFT form by July 24, they will have their billing privileges deactivated, B&F says. The reactivation process requires providers to complete a full 855S form and wait for it to be processed – this can take 90 days or more, with providers unable to submit claims during this time. See your respective contractor’s website for how to submit the EFT: NPE East - Novitas & NPE West - Palmetto GBA. FMI: Email Denise Leard at dleard@bf-law.com. 

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