Optum Eps Eft Change Enrollment Authorization Agreement

Optum EPS EFT Change Enrollment Authorization Agreement: A Guide for Healthcare Providers

Optum EPS (Electronic Payment System) is a payment processing service that allows healthcare providers to receive electronic payments from payers and health plans. It is a faster, more secure, and efficient way of receiving payment compared to paper checks. EPS uses Electronic Funds Transfer (EFT) to transfer funds directly to the provider`s bank account.

If you are a healthcare provider who already uses Optum EPS EFT, you may need to update your enrollment authorization agreement to reflect any changes in your banking information or practice details. This article will guide you through the process of updating your enrollment authorization agreement.

Step 1: Access the Optum EPS portal

To access the Optum EPS portal, go to eps.optum.com. You will need to enter your login information to access your account.

Step 2: Update your banking information

Once you have logged in, go to the “My Profile” section and click on “Edit My Banking Information.” Here, you can update your banking information, including your account number and routing number. It is important to ensure that the information you provide is accurate to avoid any delays or errors in payment processing.

Step 3: Update your practice information

Next, you will need to update your practice information. This includes your business name, address, and Tax ID number. If you have changed your practice name or address, you will need to provide documentation to support the change.

Step 4: Review and sign the authorization agreement

After updating your banking and practice information, you will need to review the authorization agreement and sign it electronically. The agreement outlines the terms and conditions of using Optum EPS EFT, including fees, data security, and dispute resolution.

Step 5: Submit your agreement for processing

Once you have reviewed and signed your authorization agreement, submit it for processing. Optum EPS will review your agreement and notify you when it has been processed. It is important to keep a copy of your agreement for your records.

In conclusion, updating your Optum EPS EFT enrollment authorization agreement is a simple and important process that ensures your healthcare practice continues to receive electronic payments accurately and efficiently. By following these steps and ensuring that your banking and practice information is up-to-date, you can streamline your payment processing and focus on providing quality patient care.

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