Knowledge Center
17% of Practices Pay Fees for Electronic Healthcare Payments
September 13, 2017
Approximately 17 percent of physician practices are forced to pay a fee for receiving electronic healthcare payments from their payers, with fees ranging between 2 and 5 percent of the total reimbursement, a recent MGMA poll of over 900 medical practice executives showed.
Out of the practice executives who reported a fee, about 60 percent stated that the charge stemmed from payers using a third-party payment vendor.
The poll also showed that about one-half of practices are not charged for accepting electronic funds transfers (EFT) payments and 32 percent of executives are unsure if they pay fees.
To read more, visit RevCycle Intelligence.