By Rozanne Andersen
This article was published in the December 2017 issue of Compliance Today, a publication produced by The Health Care Compliance Association (HCCA).
Last month we mastered the terminology and authorization requirements associated with electronic payments. In this issue, we will turn our attention to the requirements incidental to each specific type of electronic payment authorization.
Preauthorized Electronic Funds Transfers
To start, terms of a preauthorized electronic funds transfer (Preauthorized EFT) must be evidenced by a document and signed or similarly authenticated by the patient or guarantor using, for example, a paper writing, webpage, interactive voice response (IVR), or email. The signature to a paper authorization may be assented to and signed by the patient or guarantor using a “wet” signature, while the signature to a webpage, IVR, or email-documented authorization may be assented to and similarly authenticated by the patient or guarantor in accordance with the Electronic Signatures in Global Commerce Act (E-Sign Act).