Remittance advices are correctly described as which of the following?

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Multiple Choice

Remittance advices are correctly described as which of the following?

Explanation:
Remittance advice is a payer-issued document that explains how a submitted claim was paid. It lists the payment amount, any adjustments, deductions, or write-offs, and any patient responsibility (like deductible or coinsurance), along with reason codes for denials or reductions. This information is used to post payments to the patient’s account and to reconcile the practice’s accounts receivable. It can be sent electronically (often as an ANSI 835) or as a paper document. It is not an internal billing policy memo, not a patient-facing statement explaining charges, and not an annual financial report.

Remittance advice is a payer-issued document that explains how a submitted claim was paid. It lists the payment amount, any adjustments, deductions, or write-offs, and any patient responsibility (like deductible or coinsurance), along with reason codes for denials or reductions. This information is used to post payments to the patient’s account and to reconcile the practice’s accounts receivable. It can be sent electronically (often as an ANSI 835) or as a paper document. It is not an internal billing policy memo, not a patient-facing statement explaining charges, and not an annual financial report.

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