Financial payouts are created for reasons where the State needs to pay an entity or payee, but does not require a repayment of the funds.
Some examples of payouts are: HIPP (Health Insurance Premium Payments), and Cost Settlement payments.
A payout cannot be created until the State has provided an accounting transaction request. There are three types of payouts:
The purpose of the advance payment payout is to effectively loan money to the provider for whatever reason deemed necessary. The advance payment produces a payout to the provider and a gross level receivable to recover the payout.
The purpose of the regular payout is to reimburse providers for approved claim or claims that may not be payable through claims processing.
Other payouts are: cost settlements, HIPP payments, gross level adjustments, and withholding refunds. These transactions do not create an associated account receivable record. They only create the financial transaction of the payable to the provider.
No payout types are released to the claims payment and reporting cycle until the assigned supervisor has approved each payout record established.
During the establishment of a payout record, an approval flag is set to "No" (not approved) and held until the supervisor approves the payout. Then the approval flag get set to "Yes" (approved). Once the supervisor approves the payout using the Payout Approval page, claims processing will process the payout in the next scheduled payment and reporting cycle.
A supervisor can create and approve a payout. However, when a supervisor creates a payout another assigned supervisor must approve it.
How to Search for a Financial Payout
How to Add or Edit a Financial Payout
Search Payout (Payee/Payer Tab) Page
Search Payout (Search Results) Page
Version as of 5/16/14.
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