Electronic Funds Transfer Mandate Effective July 1
Effective July 1, HealthChoice, DOC, and DRS will adopt electronic funds transfer (EFT) for the disbursement of all payments as mandated by HB 1086. HB 1086 requires all payments disbursed by the State Treasurer to be made through electronic funds transfer (EFT).
Any provider who has not authorized EFT for their contract by July 1 could be at risk for delayed claims payments.
Practice groups that use the same bank account for multiple providers under the same TIN need to submit only one EFT authorization form to OSEEGIB along with a list of their providers.
EFT is fast and secure, and reimbursements are deposited directly to the bank account you designate. You will continue to receive paper remittance advices (RAs) to assist you with accounts reconciliation.
To register for EFT, complete an Electronic Funds Transfer (EFT) Form and return it to OSEEGIB as indicated.
This form is available online:
HealthChoice Network Providers go to http://www.ok.gov/sib/Providers/Provider_Forms/index.html
Department of Corrections Network Providers go to https://gateway.sib.ok.gov/DOC/Forms.aspx
Department of Rehabilitation Services Network Providers go to https://gateway.sib.ok.gov/drs/Forms.aspx
Please allow two to four weeks for your authorization form to be processed.
If you have any questions, please contact the Network Management/Provider Relations Division at 1-405-717-8790 or toll-free 1-800-543-6044, or send email inquiries to firstname.lastname@example.org.