What is the non-electronic version of remittance advice known as?

The non-electronic version of remittance advice is known as the Provider Remittance Notice. This document serves as a communication tool between the payer and the provider, detailing the payments made for services rendered, as well as any adjustments or denials. It is essential for providers to reconcile their payments and understand the payment details, including allowable amounts, patient responsibilities, and reasons for any adjustments.

In the context of revenue cycle management, understanding and verifying remittance advice is crucial for maintaining accurate financial records and ensuring proper cash flow for healthcare practices. The Provider Remittance Notice typically includes specific information related to the claims submitted, making it easier for providers to manage their accounts receivable effectively.

The other options do not accurately represent the non-electronic remittance advice. Open Claims refers to claims that are still pending payment or resolution, Deductible is a part of the patient's cost-sharing responsibility before insurance coverage kicks in, and Electronic Funds Transfer refers to the electronic transfer of funds rather than a document. Each of these terms plays a role in the overall revenue cycle management process but does not pertain to the non-electronic remittance advice itself.