The remittance advice is a key document that reimbursement specialists use daily on the job. This document, whether in an electronic or paper form, provides essential information that helps us to effectively perform the job duty of applying insurance reimbursement to patient financial accounts.

Illustrate your knowledge of the components and use of the electronic remittance advice.

Include the following aspects in the discussion:

· Indicate at least three elements that are contained in the electronic remittance advice.

· Share how this document would be useful for you to properly apply payments to a patient’s account.

· Discuss other reasons why remittance advice can be used in performing common reimbursement-related job duties.

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