The Centers for Medicare & Medicaid Services (CMS) revised the Electronic Funds Transfer (EFT) application (CMS-588), which must be used starting February 28 to request EFT payments from Medicare. The new application will be posted on the CMS Forms List in early February.
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Medicare Administrative Contractors will accept current and revised versions of the form through February 27.
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The updates to the form include:
·      Moving the instructions to the first page
·      Changing “Medicare fee-for-service contractor” to “Medicare Administrative Contractor (MAC)”
·      Removing requests for irrelevant information: cancellation as a reason for submission, change of ownership or change of practice location, additional data fields for National Provider Identifiers (NPIs)
·      Removing references to indirect payment procedures billers
·      Adding two additional data fields for Medicare Identification Numbers (if issued) (one NPI can be linked to multiple Medicare Identification Numbers)
·      Updating the link for MAC contacts
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For more information, see the Medicare Provider-Supplier Enrollment webpage.
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