The health care payment and remittance advice transaction is the transmission of either of the following for health care:
(a)
The transmission of any of the following from a health plan to a health care provider's financial institution:
(2)
Information about the transfer of funds.
(3)
Payment processing information.
(b)
The transmission of either of the following from a health plan to a health care provider:
(1)
Explanation of benefits.