Sunday, September 17, 2017

Claims Adjustments and voids

Claims Adjustments/voids:
Healthcare providers and payers can request for claims adjustment if they think that the claims got processed incorrectly.
·         Providers will request to Payers for adjustments which are reimbursements for provider services.
·         Payers will request to CMS/State for adjustments which are processed part of reimbursement
·         Payers will also initiate adjustments if they determine that they processed a claim incorrectly or as a part of reconciliation.

Provider request for claims adjustment
If providers are requesting for an adjustment, they have to provide below details:
·         Member Name
·         Member Id
·         Claim Number
·         Date Of Service
·         Reason for adjustment

Payer request for claims adjustment
If payers need to do claims adjustment, it involves below steps,
·         Cancel the original payment and create a credit balance to the provider
·         Process the claim second time to pay the correct amount or deny the claim, whichever is appropriate.

Few facts related to adjusting/voiding claims:
·         Only a paid claim can be adjusted or voided
·         Part of adjustment, there should not be any changes to provider identification number, recipient/patient identification number (recipient Medicaid number)
·         If it is required to correct Medicaid number or provider number then the claim must be voided and resubmitted correctly.
·         If a paid claim to be voided, provider/payer must enter all the information from the original claim exactly as it appeared on the original claim. Once a voided claim has appeared on the remittance advice, a corrected claim can be resubmitted.
·         An adjustment or void will generate Credit or Debit adjustments which will appear in the remittance summary on the remittance advice.

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