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CMS re-issues EFT form

CMS has quietly updated its Electronic Fund Transfer (EFT) Authorization Agreement form for the second time this year. Medicare providers and credentialers are advised to delete or throw out any old CMS-588 forms in the office.

You can identify the new form by locating "FORM CMS-588 (05/10)" in the bottom left hand corner of the document. The only other noticeable difference is a date box next to the signature box on the second page of the form.

It's recommended that you not keep extra copies of the CMS-588 form in your office or a copy of the file on your computer, but download CMS forms when you need them. This ensures you're using the latest version of a CMS form.

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