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Pearle Vision is an American chain of eye care stores. It is one of the largest franchised optical retailers in North America. It is one of the largest franchised optical retailers in North America. The company was acquired by Luxottica (which has since merged with Essilor to form EssilorLuxottica ), [ 2 ] an Italian eyewear company, in 2004.
As its name indicates, a late payment letter of explanation is a letter that accounts for the circumstances surrounding any delinquent or tardy repayments of loan installments or credit card bills.
An explanation of benefits (commonly referred to as an EOB form) is a statement sent by a health insurance company to covered individuals explaining what medical treatments and/or services were paid for on their behalf. [1] The EOB is commonly attached to a check or statement of electronic payment. An EOB typically describes:
Luxottica later increased its presence in the retail sector by acquiring Sydney-based OPSM in 2003, Pearle Vision and Cole National in 2004. [ 23 ] Luxottica acquired Oakley in November 2007 for US$2.1 billion.
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
After payment has been made, a provider will typically receive an Explanation of Benefits (EOB) or Electronic Remittance Advice (ERA) along with the payment from the insurance company that outlines these transactions. The insurance payment is further reduced if the patient has a copay, deductible, or a coinsurance. If the patient in the ...
The party making the payment is commonly called the payer, while the payee is the party receiving the payment. Whilst payments are often made voluntarily, some payments are compulsory, such as payment of a fine. Payments can be effected in a number of ways, for example: the use of money, whether through cash, cheque, mobile payment or bank ...
Vision Source is considered a franchisor in accordance to franchise law, and its members are franchisees, who own their respective practice. In 2015, Vision Source members reported a combined $2,511,500,000 in retail sales, professional services, and managed vision benefits, making them the second largest optical retailer in the U.S. for 2015 ...