What do medical practices receive from insurance companies that details patient accounts for which payments are made?

The correct answer is remittance advice. This document is sent by insurance companies to medical practices to provide details about reimbursement for claims that have been submitted. It outlines the payments made for specific patient accounts, indicating which claims were approved, how much was paid, and any amounts that were denied or adjusted. This information is essential for practices to understand the financial transactions related to patient care and helps them manage their accounts receivable efficiently.

A claim summary typically summarizes multiple claims but does not specifically break down payment details like a remittance advice does. A billing statement is usually sent to patients and reflects their outstanding balance, rather than payments received from the insurance company. A policy statement outlines the terms and coverage of a specific insurance policy, without focusing on individual payments or claims. Therefore, remittance advice is the most accurate term for the document detailing payments made by insurance companies for patient accounts.