How to input a Partial Fee Payment
Processing Partial Payments on Carrier Checks
Objective
To accurately record and disburse partial payments received from a carrier for a claim, ensuring that the remaining balance is tracked for future reference.
Key Steps
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Navigate to the claim ledger to track incoming and outgoing money, specifically under the "Demands and Offers" section.
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Access the payment tab and add the received payment information.
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Apply the payment to the appropriate sections of the claim that require payment.
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Proceed to the disbursements tab and open the disbursement worksheet.
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Verify the set fee percentage for the claim and calculate the amount to be paid based on the received partial payment.
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Adjust the payment amount accordingly in the worksheet and save the changes.
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Confirm the resolved amount and mark it as paid or outstanding as necessary.
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Generate a company fee disbursements report to track all payments made by the client for reference and reconciliation.
Cautionary Notes
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Double-check all calculations to ensure accuracy in payment distribution.
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Always save changes and mark the resolution date to maintain a clear payment history.
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Provide explanations for any zero fees or deviations from the standard payment rates for accountability.
Tips for Efficiency
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Utilize the disbursement worksheet to streamline the process of calculating and distributing partial payments.
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Run reports regularly to stay updated on all client payments and fee adjustments.
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Maintain detailed notes and documentation for transparency and audit purposes.