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If It’s Reimbursements You Want to See, Check Your EOBs

If It’s Reimbursements You Want to See, Check Your EOBs


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David Zahaluk, MD, and Neil Baum, MD
 
Today, it is expected that doctors and office managers take a greater role in the management of the business aspect of the practice. Medical practices are no different than any small business; however, our products or our services may be far different than any other business or professional practice. We need to be cognizant of our expenses and the payment for our services. Evaluating the explanation of benefits (EOB) is part of that responsibility for any medical practice. In this article, we will describe the importance of the EOB and how to monitor EOBs on a regular basis.