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December 2016

Streamlined EFT process starts in December

In the November Record, we announced that as of 9 p.m. Dec. 8, Blue Cross Blue Shield of Michigan will only require your National Provider Identifier, or NPI, and its corresponding tax ID number to register for electronic funds transfer, update existing EFT bank information or cancel an EFT.

With this change, Blue Cross will only be able to support EFT to one bank account per NPI and tax ID. Practices or hospitals with multiple accounts for EFT have been notified and were asked to update their banking information to a single account before Dec. 8.

With this streamlined EFT process:

  • You’ll only need to enter banking information for EFT once, even if your NPI and tax ID number are associated with multiple internal PINs.
    Note: If your internal PIN is affiliated with more than one NPI and tax ID, you’ll need to use every NPI and tax ID affiliated with your PIN to make EFT changes.
  • Once you enter your NPI and tax ID to make an EFT change, Blue Cross will systematically update all internal PINs and banking information affiliated with your NPI and tax ID, including:
    • PINs that were not registered for EFT before Dec. 8
    • PINs with an expiration date less than two years from the submission date
  • When a new internal PIN is created for an NPI and tax ID already registered for EFT, Blue Cross will systematically register the new PIN for EFT using the banking information already on file.

  • Blue Cross will continue to share EFT banking information entered in the Provider Secured Services portal with Blue Care Network and Medicare Advantage.

Please contact Provider Inquiry or your provider consultant if you have any questions.

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*CPT codes, descriptions and two-digit numeric modifiers only are copyright 2015 American Medical Association. All rights reserved.
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