Underpayment


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Underpayment

The act of paying an amount under the full amount. For example, if one's mortgage payment is $600 per month but one only pays $400 for July, one has underpaid the mortgage. Underpayment is not sustainable and may lead to serious financial difficulties. However, paying what one can afford when one cannot pay the full amount may be easier for both the obligor and the obligee.
References in periodicals archive ?
seven (7) percent for large corporate underpayments.
Revint Solutions provides a broad suite of revenue integrity products including transfer DRG, outpatient revenue recovery, IME/shadow claim review, DRG validation and payer search along with additional capabilities in zero balance underpayment recovery for both acute and ambulatory healthcare providers.
Option 1: The state partnership representative opts to pay the state imputed underpayment on behalf of all partners.
The preamble states that the option to create multiple imputed underpayments provides flexibility for the partnership, the partners, and the IRS to address fact-specific issues that may arise as part of the administrative proceeding at the partnership level.
Any imputed underpayment attributable to the adjustment is payable by the partnership no later than the due date of its 2020 tax return.
It is now likely to be written off if it's over two years - we're not looking at underpayments beyond two years.
Another NZNO member in aged care, who is also a new migrant, has identified multiple underpayment issues, which she has well documented through letters sent to her employer and copies of the replies.
But consumer watchdog Postwatch warned yesterday that this Christmas recipients could be liable for any underpayment plus a pounds 1 administration fee.
Oregon now ranks 15th in the nation for its ability to minimize underpayments.
When we appeal underpayments, it provides us with contract-based explanations for each underpayment, which streamlines communications with payers.
The result is that plan balances may be exposed to tax, penalties and underpayment interest.
And, while it may appear that a dollar saved through reduced claim payments amounts to a dollar earned, insurers engaging in a strategy of systematic underpayment of claims do so at their own peril.