EOP in Medical Billing
EOP stands for Explanation of Payment, a statement provided to healthcare providers detailing the payments made by the insurance company for a claim.
EOP in Medical Billing Explained
In medical billing, the EOP gives providers information on how claims were processed, including what was paid, denied, or adjusted. It is the provider’s equivalent of the EOB that is sent to patients.
For example, a clinic receives an EOP from an insurance company explaining how much was paid for services provided and detailing any adjustments made to the billed amount.
Learn more about common acronyms and abbreviations in Medical billing glossary.
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