Explanation of Benefits or EOB in Medical Billing and information available on the EOB of Health Insurances Company?
Explanation of Benefits describes the decisions that are taken during the adjudication by the insurance company are communicated to the provider and patient using a document called Explanation of Benefits or EOB. It is the detailed statement of the insurance determination of the claims processed and this determination can result in a payment or a denial, which we call by name payment EOB or denied EOB respectively.
The Explanation of Benefits contains the following information:
If claim paid, then EOB will have this following information and payment details.
If claim denied, then the EOB will have this following information.
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