Electronic Funds Transfer
Florida Blue's electronic funds transfer (EFT) enables physicians and providers to receive claim payments safely and securely by direct deposit to a designated bank account at the financial institution of their choice. The benefits of using EFT include:
- Quicker access to your claim payment funds
- Elimination of lost or stolen checks
- Increased administrative efficiencies and greater convenience
- Increased security of information
- Eligibility to receive electronic remittance advices (ERAs) which expedite patient account reconciliation
Florida Blue offers Electronic Funds Transfer (EFT) services for claim and capitation payments. EFT enables you to receive payments by direct deposit. Providers with multiple office locations can now have funds automatically routed and deposited into multiple bank accounts. EFT transactions are faster than transferring funds by check and available for all Florida Blue products.
To register for the EFT service either go online to www.availity.com
or complete the Electronic Funds Transfer form for each payment location and attach a voided check or bank letter. Online registrations require scanned PDF documents. Paper based registrations require original documents. If deposits for all payment locations are going to the same bank account you will only need to complete one registration (indicate NO on the online drop down box or ALL on the payment address line on the paper form). If you are requesting direct deposit into multiple bank accounts, you will need to complete an online registration or paper form for each office location and associated bank account. If using the paper-based form please mail it to:
Corporate Payables - DCC1-5
4800 Deerwood Campus Parkway, Jacksonville, FL 32246-8273.
EFT registration takes approximately 24 hours from the date of receipt.
Once registered for EFT:
Payments are processed on a weekly schedule based on the zip code of the payment address. Funds are available approximately two days after the payment cycle. For example, the Monday payment cycle funds will be in the designated bank account on Wednesday.
- Florida Blue will only debit your account if we sent a duplicate file to the bank. Any payment reductions due to adjustments, netting, etc. are part of the claims adjudication process, which is completed before funds are transferred to your account.
You may receive checks for a small number of groups that have not migrated to our common claims processing system.
Florida Blue administers bank accounts for different lines of business (e.g., BCBSF, Federal Employee Program, Health Options, Inc., State Employees’ PPO Plan and, ASO groups). You may receive multiple EFTs if you have multiple payment addresses and see members for these lines of business.