Does remittance advice have the same info on it as an explanation of benefits?

Answer 1

Remittance advice (RA) and explanation of benefits (EOB) serve different purposes and contain different information. An RA is issued by a payer to a provider, detailing payments made for services rendered, including adjustments and denials. In contrast, an EOB is sent to the patient, explaining what services were covered, the amount billed, patient responsibility, and any adjustments made. While both documents provide financial information related to claims, their audiences and specific contents differ.