N573Remark Code (RARC)ActiveInformational Alert
N573 Remark Code - Overpayment Alert Notification
The N573 code indicates that you have received an overpayment and are required to issue a refund. This alert serves as a notification that the refund process will be initiated separately by another payer or contractor.
What This Alert Tells You
As an informational alert, the N573 remark does not accompany any specific adjustment or reason code. It solely serves to inform the provider about the overpayment situation, separate from a claim denial or adjustment process.
Common Scenarios
1Your office received an 835 remittance for a recent claim, and the N573 remark appeared indicating an overpayment.
→ This means that while the claim was processed, the total amount paid exceeded what should have been disbursed, and you will need to prepare for a refund.
2After submitting a claim for a procedure, you notice the N573 alert on the remittance advice indicating an overpayment.
→ The payer is alerting you that the payment made was too high, and you should expect a formal request for the refund from another entity.
3Upon reviewing the remittance for a series of claims, the N573 remark is present, signaling an overpayment issue.
→ The alert suggests that action will be required to return excess funds, although the specifics of the refund request will come from a different source.
What to Do
- Prepare to issue a refund for the overpayment indicated by the N573 alert.
- Monitor for a separate communication from the payer or contractor requesting the refund process.
- Document the overpayment in your accounting records to ensure proper tracking.
What to Check
- The remittance advice details to confirm the overpayment amount and affected claims.
- Internal billing records to verify the amounts billed and paid against the N573 alert.
- Any communication from the payer regarding the overpayment and refund process.