Colorado Medical Society

http://www.cms.org/articles/ama-survey-and-resource-virtual-credit-card-payments/

AMA survey and resource: Virtual credit card payments

Friday, May 30, 2014 10:02 AM

The American Medical Association is conducting a brief physician survey regarding the impact on practices of health plans’ use of virtual credit card payments.

Virtual credit cards are an increasingly utilized, electronic form of payment whereby a payer will send a physician practice (via fax, mail, or e-mail) information that needs to be punched into a credit card POS system in order to receive contractual payments. The effect of health plan virtual credit card payments on physician practices details potential concerns regarding virtual credit cards and provides useful information about the benefits of standardized electronic funds transfer using the automated clearinghouse network.

Click here to take the survey or paste this link into your browser: www.surveymonkey.com/s/MXCBH7G. The data from this survey will support the AMA’s advocacy efforts in this area and allow the association to more clearly define the scope and impact of the virtual credit card issue. The survey will close on Monday, June 2, at 11 a.m. MST.

Additionally, the AMA has created a resource detailing the effects that virtual credit cards can have on physician practices. Click here to access this resource. Note: Access to this document requires the creation of a free AMA profile.