Split Coding: Transactions & Payments

Note: Split Coding for Transactions and Payments is optional. If your company has elected to use this feature, the system setting "Allow Split Transactions" in the Diamond System Editor: Claims / Transaction folder must be set to "True" (Enable). You must also have the authority, "Add Split Transaction," (Claim Transaction group) to do this function.

 

Split coding for payments and transactions allows claim adjusters to select a claimant and have all features and coverages with their current reserves display on one (1) screen for selection to issue a payment or transaction. It then allocates portions of the payment amount to multiple features / coverages and sub coverages. The sums of those portions equal the one (1) claim payment total amount. This populates the check or the reserve change total amount equal to the sum of the feature / coverage reserve change total.

 

Claim transactions entered through the Claim Split Transaction screen are saved in the same way a single transaction is. Each feature level transaction is saved separately, but maintains a link to the grouped claimant level transaction information. Reserve validations and user authority limit validations are performed the same as if processing a single transaction.

 

This Help File includes:

 

Adding a Split Transaction

Transaction information cannot be added to a claim until claimant / feature information has been entered and saved.

 

  1. In the left pane of the Claim Tree View, highlight the feature / coverage for which the split transaction is being opened.

  2. Click Add Split Transaction.

  3. When the Transaction screen displays:

 

 

  1. On the Claim Split Transaction screen, for each feature requiring an amount:

 

 

  1. Once all entries and selections are made, click Save. When the Transaction screen returns, a message is displayed in red: "This transaction is part of a split transaction with a total amount of <Dollar Amount>."

  2. If all entries are correct, you are now ready to make the payment.

Making a Payment on Split Transactions

On the Transaction screen, select the Payment Type from the combo box.

Payees / Mail To

A Payee / Mail-To must be designated. At the bottom of the screen, a payee / mail to is required for submitting the transaction.

 

Depending on your company's implementation, you may or may not have payees / mail to's listed in this section. (Note: These are defined by system settings in Diamond System Editor under the Claims / Transactions / Payee folder.)

 

The Payee Info section contains three (3) buttons:

 

Pay To the Order Of (PTTOO)

You are also required to have a "Pay to the Order Of" on a transaction.

 

 

 

Select the Issue button on the Transaction tab toolbar and answer Yes to the question: "Issue this transaction?" Access the claimant's folder in the Claim Tree View and open each of the Transactions folders. The split transaction payment displays.

 

Note: Any transaction that is a "Split Transaction" is displayed with an "(S)" in front of it. Single transactions do not have any type of indicator.

Other Options on the Split Transaction Screen

Other options on the Claim Split Transaction screen toolbar include:

 

 

 

At the bottom of the screen, the following fields include: