What is a claim remittance?Remittance is the process of sending a sum of money back to a person or organization electronically. In Healthcare claims, remittance usually refers to the process of insurance providers sending back payment to a hospital.
What is a remittance advice form?Remittance advice is a proof of payment letter sent by a customer to a supplier that verifies they have paid their invoice. Remittance advice may be an electronic notification or a paper-based document.
What is a remittance advice quizlet?Remittance Advice (RA) Document supplied by insurance payer that provides notice of an explanation for payment, adjustments, denial, and/or uncovered charges of medical claim. Payer Paid Amount. Approved Amount.
What is included in an electronic remittance advice?An electronic remittance advice, or ERA, is an explanation from a health plan to a provider about a claim payment. The ERA provides payment information about the transfer of funds and payment processing from a health plan to a health care provider's bank, or the explanation of benefits or remittance advice.
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