Jump to Navigation

EFT (Electronic Funds Transfer) Authorization Agreement Update

In 2006, the Centers for Medicare & Medicaid Services (CMS) mandated that all new Medicare enrollees must receive payments electronically through Electronic Funds Transfer (EFT). Medicare providers submit Form CMS-588, or the EFT (Electronic Funds Transfer) Authorization Agreement, at the time of an initial Medicare enrollment, at the time of a change of ownership or at any time a Medicare provider needs to make changes to an existing EFT enrollment. Form CMS-588 was updated last year. The new form is substantially the same as the previous version of the Form, with the changes being one of form over substance. Nevertheless, moving forward, Medicare providers should use the new form for all EFT enrollments or changes in banking information to avoid delays that could result from using the outdated version of the form.

If you have any questions about Form CMS-588 or Medicare enrollment questions in general, please do not hesitate to contact David C. Marshall.

No Comments

Leave a comment
Comment Information

Contact Us

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

subscribe to this blog’s feed FindLaw Network


Exton Office
350 Eagleview Boulevard, Suite 100
Exton, PA 19341
Phone: 610-524-8454
Fax: 610-524-9383
Map and Directions

Mechanicsburg Office
1700 Bent Creek Boulevard,
Suite 140

Mechanicsburg, PA 17050

Phone: 717-620-2424
Fax: 717-620-2444
Mechanicsburg Law Office Map

New Jersey

Mount Laurel Office
309 Fellowship Road
East Gate Center, Suite 200
Mount Laurel, NJ 08054
Phone: 856-231-5351
Fax: 610-524-9383
Map and Directions

In Maryland call:
Phone: 410-727-2810