What type of report is a Remittance Advice?

A Remittance Advice is a financial document that outlines the details of payments made to healthcare providers by insurance companies, government programs, or other payers. It typically includes information regarding the services for which payment is made, the amounts billed, the allowed amounts, and any adjustments or deductions that were applied. This report helps providers to reconcile their accounts and understand the payment status of their submitted claims.

The other options do not accurately describe the function or purpose of a Remittance Advice. A report documenting a patient's medical history focuses on health information rather than financial transactions. A summary of the quality of care provided deals with the assessment and evaluation of care rather than payment details. A document that lists a patient's medical appointments pertains to scheduling and attendance rather than financial payments. Thus, the correct identification of a Remittance Advice as a payment report is essential for understanding financial communications in the healthcare billing process.