CMS Continues March Toward All Electronic Provider/Supplier Payments for Medicare

As part of the Affordable Care Act passed in March of 2010, the Centers for Medicare and Medicaid Services has issued regulations expanding and mandating the use electronic payments for providers and suppliers to Medicare.  The ACA expanded existing regulations (42 CFR 424.510(e)(1)(2)) requiring that “at the time of enrollment, enrollment change request, or revalidation, providers and suppliers that expect to receive payment from Medicare for services provided must also agree to receive Medicare payments through electronic funds transfer (EFT).”  As part of CMS’s efforts to revalidate all Medicare suppliers and providers over the next several years, those who are not currently receiving EFT payments are required to submit the CMS-588 EFT form with the Provider Enrollment Revalidation application, or at the time any change is being made to the provider enrollment record by the provider or supplier.

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