What is claims remittance?

Claims remittance refers to the process of sending payment information and details about claims submitted to healthcare providers, typically by insurance companies. This documentation outlines the payments made for services rendered, including any adjustments, denials, or patient responsibility amounts. It serves as a crucial communication tool between insurers and providers, helping them reconcile accounts and understand the status of claims. Overall, claims remittance helps ensure transparency and accuracy in the billing process.