Electronic Funds Transfer (EFT) is used to transmit your claim payments from the insurance company to your bank account. You will be responsible for setting up EFT with each specific payer. There are three ways that you can enroll for EFT with a payer.
- Sometimes there will be an option to select EFT for your payments when you do an EDI Enrollment with the payer.
- Other times it can be an option when you do an ERA enrollment with the payer.
- The final option will require you to contact the payer and work out with them to receive EFT for payments from them.
At no time does Therabill know anything about your bank account or how you receive payment from any insurance company that you send claims to using Therabill.