EOB stands for Electronic Order of Battle.
It's EOD, and it stands for eplosive ordnance disposal.
the insurance company.
Explanation of Benefits
when receiving payment from a privit insurace carrier check the amount of payment on the EOB with the
An EOB is an Explanation of Benefits/payments, normally sent by the payer in paper format. An ERA is an electronic version of the traditional EOB. Instead of receiving a printed, paper explanation of payments and adjustments, an ERA arrives electronically and payment is sent separately or deposited directly into your practice's bank account.
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The length of time that doctor's offices need to keep records varies by state. 5 years is a common requirement.Explanations of benefits (EOB's) are sent by the insurance companies to the patient, not to the doctor's office.4/11/13- Actually, insurance companies send EOB's to both entities, patient and doctors.
Generally it is helpful to send a copy of the original claim to the secondary payor with the primary EOB. Also, make sure the claim and the EOB match exactly! I cant tell you how many times Ive gotten a claim with an eob .. and the claim has been altered to only bill for the remaining coinsurance, deductible.. etc. While this isn't only bad billing practice, it takes a lot of time and letters to get the provider to correct the information so the insurer can process it correctly. Hope this helps:) Evan
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EOB comes from your medical or dental claims carrier, the EOB states how much the carrier paid. And shows how much you may be liable to pay for. You are not going to get an updated EOB from the carrier after you make a payment. What you should receive however is an updated SOA aka Statement of account. Which will show a rolling balance what the total was, how much the insurance company has paid, any other adjustments (reduction normally contract agreement between insurance and hospital for example), and payments you have made. And will show you the new outstanding balance that is still owed. Hope this helps.
EOB