CMS updates EFT authorization agreement

February 04, 2014
Area(s) of Interest: Payor Issues and Reimbursement Practice Management 

The Office of Management and Budget recently approved changes to the CMS 588, Electronic Funds Transfer (EFT) Authorization Agreement. The revised EFT agreement is available on the CMS Forms List.

As of January 1, 2014, new EFT authorization agreements submitted must be on the new form. Submissions on the old forms will be returned to the applicant.

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