Cms Eft Agreement

CPT (Claims Processing Timeliness) requirements “Payment processing, i.e. the date on which funds are reserved in the provider`s account, should not be no earlier than two working days after the transmission of electronic payment data to the bank of origin.” Therefore, providers should be aware that EFT transactions can take up to 48 hours to reach their bank. When checking the “Check History” (FI option) in the intermediation menu of the System Fiscal Intermediary Standard (FISS), suppliers can see a payment date two days before the actual date on which the payment reaches their financial institution. For more information on using the “Check History” query option, see the instructions in the “Chapter Three: Intermediation Menu” guide of the Tax Intermediation System (FISS) Guide. . . .

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