Electronic Transfer Rules Could Save Up To $9B, HHS Says

Law360, New York (August 7, 2012, 9:52 PM EDT) -- The U.S. Department of Health and Human Services on Tuesday released the third rule in a series aimed at reducing billing paperwork at physicians' offices and hospitals by setting standards for electronic payments from insurers, and said the rules together could save up to $9 billion over 10 years.

The operating rule lays out the best practices for electronic transfers. It requires insurers to offer a standardized, online enrollment form for electronic payments, so that doctors and hospitals can easily enroll with multiple insurance plans. It...
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