Which term is used to label the amount paid on the remittance for a specific claim?

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Multiple Choice

Which term is used to label the amount paid on the remittance for a specific claim?

The amount actually paid on a remittance for a specific claim is labeled as the Paid Amount. This field shows the cash disbursed by the payer for that particular service, separating it from what was billed (Claim Value) and from totals or settlements (Remittance Total or Settlement Sum). The note (Contract Term) signals that this is the standard label used in contracts and in Resolute systems. So, for identifying the payment made against a single claim, the Paid Amount is the correct designation.

The amount actually paid on a remittance for a specific claim is labeled as the Paid Amount. This field shows the cash disbursed by the payer for that particular service, separating it from what was billed (Claim Value) and from totals or settlements (Remittance Total or Settlement Sum). The note (Contract Term) signals that this is the standard label used in contracts and in Resolute systems. So, for identifying the payment made against a single claim, the Paid Amount is the correct designation.

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