Final answer:
A remittance advice is crucial for healthcare providers as it details payment information, including paid amounts, deductions, and reasons for any changes to charges. The correct option is b.
Step-by-step explanation:
The value of a remittance advice is that it provides detailed information regarding payment from a payer to the provider. This document accompanies payment and explains the following: the amount that has been paid, any deductions or adjustments made, and the reason for such changes.
Essentially, it answers the question, 'What will I be paid and why were any changes to charges made?' This is critical for healthcare providers to reconcile their accounts and understand discrepancies between the billed amount and the paid amount by insurance companies.
The remittance advice does not catalog the patient's coverage benefits; instead, it deals specifically with the transaction between the healthcare provider and the payer. Option b. is the correct one.