New Jersey S776 requires health insurance carriers to offer health care providers multiple methods of payment for reimbursement.

New Jersey S776 mandates that health insurance carriers provide health care providers with more than one method of payment for reimbursement, including options like credit card, electronic funds transfer, or check. If a provider requests a change in payment method, the carrier must implement it within 30 business days, subject to fraud and abuse prevention measures. The bill also prohibits carriers from using a provider's preferred payment method as a factor in credentialing decisions.

New Jersey S776 requires health insurance carriers to offer health care providers multiple methods of payment for reimbursement.

New Jersey S776 mandates that health insurance carriers provide health care providers with more than one method of payment for reimbursement, including options like credit card, electronic funds transfer, or check. If a provider requests a change in payment method, the carrier must implement it within 30 business days, subject to fraud and abuse prevention measures. The bill also prohibits carriers from using a provider's preferred payment method as a factor in credentialing decisions.