Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Toby Walters is a financial writer, investor, and lifelong learner. He has a passion for ...

Around the time you receive your patient billing statement, you will also receive an explanation of benefits (EOB) from your insurance provider. An explanation of benefits is a document that explains ...

This statement combines billing charges from both the hospital and the provider. Your bill will come after your hospital and provider services. We send three statements to provide notification of the ...

You can seal a deal with a handshake, but most businesses prefer something in writing. Statements and invoices both track unpaid debts for goods or services but they do it in different ways. When you ...