How To Fix Remark Code M862 (RARC) | Common Reasons, Next Steps & How To Avoid It

Remark Code N662 means that consideration of payment will be made upon receipt of a final bill. This code serves as an alert to healthcare providers and insurance companies that payment will be processed once the final bill is received.

1. Description

Remark Code N662 indicates that payment consideration will be made upon receipt of a final bill. The official description states: ‘Alert: Consideration of payment will be made upon receipt of a final bill.’ This remark code serves as a notification to both healthcare providers and insurance companies that payment will be processed once the final bill is submitted.

2. Common Reasons

1. Missing or incomplete billing information: The final bill may be delayed or rejected if it lacks essential details such as patient demographics, procedure codes, or supporting documentation.
2. Discrepancies in pricing or charges: If there are discrepancies in the pricing or charges on the final bill, it may require further review and clarification before payment can be considered.
3. Unresolved issues or disputes: If there are unresolved issues or disputes between the healthcare provider and the insurance company, payment consideration may be delayed until these matters are resolved.
4. Additional documentation required: In some cases, additional documentation may be necessary to support the services rendered and justify the charges on the final bill.

3. Next Steps

1. Submit a complete and accurate final bill: Ensure that all necessary billing information is included and that any discrepancies or issues are addressed before submitting the final bill.
2. Follow up with the insurance company: If payment consideration is pending, it may be necessary to follow up with the insurance company to inquire about the status and any additional requirements.
3. Resolve any outstanding issues or disputes: If there are unresolved issues or disputes, work towards resolving them in a timely manner to expedite payment consideration.
4. Provide any requested additional documentation: If additional documentation is requested, promptly provide the necessary supporting documents to facilitate payment consideration.

4. How To Avoid It

1. Ensure accurate and complete billing: Double-check all billing information to ensure accuracy and completeness before submitting the final bill.
2. Address any discrepancies or issues promptly: If there are any discrepancies or issues identified, address them promptly to avoid delays in payment consideration.
3. Maintain open communication with the insurance company: Regularly communicate with the insurance company to stay informed about any requirements or updates regarding the final bill.
4. Keep detailed records and documentation: Maintain detailed records and documentation of all services rendered and charges to support the final bill and facilitate payment consideration.

5. Example Cases

1. Case 1: A healthcare provider submits a final bill without including the necessary supporting documentation. As a result, payment consideration is delayed until the missing documentation is provided.
2. Case 2: An insurance company identifies discrepancies in the pricing on the final bill and requests clarification from the healthcare provider. Payment consideration is put on hold until the discrepancies are resolved.

Source: Remittance Advice Remark Codes