N774Remark Code (RARC)ActiveInformational Alert
N774 Remark Code - Alert on Payment Fees
The N774 remark code is an alert that directs you to consult your Third Party Processor Agreement for details regarding fees related to this payment type. It does not indicate an adjustment but serves as a reminder to review your contractual agreements for specific financial obligations associated with the payment.
What This Alert Tells You
The N774 alert typically appears alongside payment notifications to inform providers of potential fees. It is not tied to any specific adjustment or denial but serves as a guidance tool for understanding payment conditions.
Common Scenarios
1A provider receives an 835 remittance for a series of services rendered, and the N774 alert is included in the remittance advice.
→ In this case, the N774 alert suggests that the provider should check their Third Party Processor Agreement to understand any fees that might apply to the payment received.
2While reviewing an electronic remittance advice, a biller notices the N774 alert following a payment for a high-cost procedure.
→ The appearance of the N774 alert indicates that the biller should refer to their agreement with the third-party processor to clarify any fees that could affect the net payment for the procedure.
3A healthcare facility receives multiple payments and notices the N774 remark on several of their remittance advices.
→ The biller should interpret the N774 alert as a prompt to review the terms of their Third Party Processor Agreement for any relevant fee structures that apply to these payments.
What to Do
- Review your Third Party Processor Agreement for fee details related to the payment type indicated.
- Ensure that any applicable fees are accounted for in your financial planning.
What to Check
- Your Third Party Processor Agreement to identify any fee structures.
- Past remittance advices for patterns in fee notifications associated with similar payments.
- The payment type details on the remittance to correlate with your agreement terms.