Which statement about the remittance advice is correct?

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Multiple Choice

Which statement about the remittance advice is correct?

Remittance advice is the payer’s notification that explains how a claim was paid, including the payment amount, any adjustments, write-offs, denials, and the reason codes for those adjustments. This document (often accompanying a payment or delivered electronically as an ERA) is used to post payments to the patient’s account and to reconcile the provider’s accounts receivable. It is not the patient’s bill or invoice, not an internal hospital budget document, and not a provider’s scheduling document. The statement that remittance advice details payments and adjustments from payers best reflects its purpose and contents.

Remittance advice is the payer’s notification that explains how a claim was paid, including the payment amount, any adjustments, write-offs, denials, and the reason codes for those adjustments. This document (often accompanying a payment or delivered electronically as an ERA) is used to post payments to the patient’s account and to reconcile the provider’s accounts receivable. It is not the patient’s bill or invoice, not an internal hospital budget document, and not a provider’s scheduling document. The statement that remittance advice details payments and adjustments from payers best reflects its purpose and contents.

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