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Electronic Funds Transfer EFT AuthorizationGenwo Form

Electronic Funds Transfer EFT AuthorizationGenwo Form

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[Music] welcome to completing the cms form 588 electronic funds transfer eft agreement my name is tom ryan and i'll help you through this important information our goal is to help you complete the application to avoid payment and enrollment delays the eft agreement cms form 588 is required in some circumstances and they include new enrollment updated banking information change of ownership and adding new practice locations as a reminder if a provider reassigns all of their benefits then this form is not required also it's not necessary during a revalidation unless you're changing your eft keep in mind all eft agreements are subject to a 15-day grace period before they become effective this allows us to verify the bank information start off gathering the form it's available on the cms website and a link is in the description of this video this training will walk you through completing the form let's start with page one which contains the direction

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