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Healthcare RCM Glossary

Electronic Funds Transfer (EFT)

EFT is the electronic transfer of payment from payer to provider, typically accompanying an ERA. ACH is the most common EFT method.

About this term.

EFT is the electronic transfer of payment from payer to provider, typically accompanying an ERA. ACH is the most common EFT method. This concept connects to ASP-RCM's broader healthcare RCM operating discipline through capability pages on autonomous coding, denial prediction, eligibility verification, prior authorization automation, and HCC risk adjustment, plus specialty service pages spanning hospital, FQHC, behavioral health, ABA, physician group, and 19 other specialty verticals.

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