In: Economics
13.1
Explain the claim adjudication process.
Claim adjustment process is a procedure to determine the legal liability , the coverage and then settling a claim.This process fulfill the promises of the insurer to its policy holders .It directly impact the reputation of the insurer in the settling claims and the retention of the policy holder .
13.2
Describe the procedures for following up on claims after they are sent to payers.
Answer
13.3
What is the definition of remittance advice (RA) and its use?
Answer It is basically a document which is sent by the consumer or the customer to the seller and informing that the invoice is paid by them .It is not mandatory .
13.4
Identify at least three points that are reviewed on an RA.
Answer
It is not mandatory
Mostl frequent in industries
Less common in general
Due to online payment system . reduced RA popularity and need
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