Which term would typically appear on a remittance detail to indicate the final sum paid for a claim?

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The key idea is identifying the field that shows what the payer actually pays for each claim after all adjustments. The final sum paid for a claim on a remittance detail is the Paid Amount, often labeled as Paid Amount (Contract Term) to reflect payments that follow the contractual terms between provider and payer. This amount represents the money the provider will post as received for that claim.

Why this fits best: It directly communicates the actual payment made, not the original charged amount or any negotiated settlement. The other terms describe different concepts: a Settlement Amount would imply a negotiated settlement, not the routine payment; Total Remittance would refer to the overall remittance batch rather than the per-claim payment; Claim Value is the billed amount before adjustments.