What is the primary purpose of a billing statement?

The primary purpose of a billing statement is to provide a record of services rendered, payments, and balances due. This document serves as a key communication tool between healthcare providers and patients, outlining the specific services that have been provided, the charges associated with those services, any payments made by the patient or their insurance, and what remains outstanding.

This clarity is crucial for both the patient and the provider to ensure that accounts are accurately maintained and understood. Additionally, the billing statement helps in tracking payment histories and resolving any discrepancies that may arise regarding charges or payment status, thus facilitating efficient revenue cycle management for the healthcare practice.

Other options such as summarizing a patient's medical history, detailing insurance coverage options, or documenting physician notes pertain to different functions within the healthcare context and do not align with the primary goal of a billing statement.