What is allocated fee in SAP FS-CM - Claims Management?

SAP Term: allocated fee

• Component: FS-CM

• Component Name: Claims Management

• Description: Fees associated with the medical bill review process that can be assigned to a specific invoice item.

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• Key Concepts: 
  Allocated fee is a term used in the FS-CM Claims Management component of SAP. It is a fee that is allocated to a claim based on the amount of work done to process the claim. The fee is calculated by taking into account the time spent on the claim, the complexity of the claim, and any other factors that may affect the cost of processing the claim. 
  
  How to use it: 
  In order to use allocated fee in FS-CM Claims Management, you must first set up a fee structure for your claims. This will include setting up a fee rate for each type of claim and any additional fees that may be applicable. Once this is done, you can then allocate fees to each claim based on the amount of work done to process it. 
  
  Tips & Tricks: 
  When setting up your fee structure, it is important to consider all factors that may affect the cost of processing a claim. This includes any additional fees that may be applicable, as well as any discounts or incentives that may be available. Additionally, it is important to keep track of all fees allocated to each claim so that you can accurately track your costs. 
  
  Related Information: 
  For more information on how to use allocated fee in FS-CM Claims Management, please refer to SAP's documentation on the topic. Additionally, there are many online resources available that provide tips and tricks for setting up and managing your fee structure.