Reminder: Practices Should be Aware and Wary of Virtual Credit Card Fees

Dear CPMA Members:

The Association has received several calls recently regarding insurance companies using virtual credit cards for reimbursement.

In recent years, health plans have shifted from paper checks to electronic methods of physician payment. As part of this movement, many health plans have started paying physicians through payer-issued virtual credit cards (VCCs). When paying via VCCs, health plans send credit card payment information and instructions to physicians, who process the payments using standard credit card technology.

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