What's the difference between an ERA and an EOB?
It's easy to get confused by all the jargon and acronyms that insurance companies use. Read on to learn the differences.
- EOB = explanation of benefits = the summary of how the insurance company has processed a claim
- ERA = the electronic version of the EOB. This can take 60-90 days for insurance companies with whom you are contracted to produce these. Once you receive an ERA, Luminello will automatically update your patients/clients' transaction history.
If you have any questions, please contact us.