Healthcare EFT via ACH Volume Sees Continued Growth

Healthcare electronic funds transfer (EFT) via ACH volume continues to grow. In the second quarter of 2014, almost 31 million healthcare EFTs were made, totaling more than $182 billion. This represents an increase in EFT via ACH volume of 22 percent and an increase in EFT via ACH value of 25 percent over the first quarter of 2014.

In October 2012, NACHA’s members approved changes to the NACHA Operating Rules to support the healthcare EFT and electronic remittance advice (ERA) standards designated by HHS, and the CAQH CORE healthcare operating rules for EFT and ERA. These changes became effective on September 20, 2013, and allow NACHA, the standards organization for the EFT via ACH transaction, to identify and track the number of healthcare EFTs that are transmitted using the ACH Network. Since January 2014, the first month in which health plans were required to be compliant with the healthcare EFT standard transaction, NACHA has seen continued growth in EFTs via ACH.

It is important to note that current EFT via ACH volume does not include ACH payment transactions processed by Medicare, as they will not begin adding the “HCCLAIMPMT” indicator (information used to identify EFTs via ACH) to their ACH files until July 2014.

NACHA will continue to post the monthly healthcare EFT volumes on the Healthcare Payments Resource Site. Be sure to check back regularly for the most up-to-date information. 

 

Healthcare EFTs via ACH Volume, January 2014 - June 2014

  Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Y-T-D Total
Total # of Healthcare EFTs via ACH

  8,154,530

 7,952,355

  9,268,614

  9,911,341

 9,833,081

 11,212,351

  56,332,272

Total $ Value of Healthcare EFTs via ACH

 $45,132,009,341  

$45,233,612,700  

$55,599,715,514  

$61,369,342,654  

$59,656,648,389  

$61,345,112,682  

  $328,336,441,280