Defining the Markup or Markdown Values For Line Items in a Claim Pricing Rule

Procedure

To define the markup or markdown values for the line items in a claim pricing rule:

  1. Ensure that the Markup or Markdown Values section is expanded when you have selected an option from the Claim Template field of Main section while defining a claim pricing rule.

    The Markup or Markdown Values section contains the following fields:

    Field Name Field Description Mandatory (Yes or No)
    Pricing Strategy Used to indicate the pricing strategy. The valid values are:

    • Markdown

    • Markup

    • None

    Note: This field is disabled when the Post Run Out Claims option is selected from the Claim Template field of the Main section.
    		 No
    Markup or Markdown Type Used to indicate the markup or markdown value type for claim pricing rule. The valid values are:

    • Flat Amount

    • Percentage

    Note: This field is disabled when the Post Run Out Claims option is selected from the Claim Template field of Main section.
    		 No
    Markup or Markdown Amount Used to specify the markup or markdown amount.
    Note: This field is disabled when you select,

    • the Post Run Out Claims option from the Claim Template field of the Main section.

    • or the Percentage option from the Markup or Markdown Type field.

    		 Yes (Conditional)
    Note: This field is required when you select Flat Amount option from the Markup or Markdown Type field.
    Rate Type Indicates the minimum and maximum markup or markdown defined using the rate type. Not applicable
    Rate Value Used to specify the value for minimum and maximum markup or markdown using the rate type.
    Note: This field is editable only when the Editable checkbox is selected in the Rate column of the Additional Fees section while defining or editing the C1-ExtLookClaimTemplate extendable lookup.
    		 Yes (Conditional)
    Note: This field is required when you select Percentage option from the Markup or Markdown Type field.
  2. Enter the required details in the Markup or Markdown Values section.
  3. Click Save.
    The markup or markdown values for the line items are defined for the claim pricing rule.

Related Topics

For more information on... See...
How to define a claim pricing rule for a parent customer Defining a Claim Pricing Rule for a Parent Customer
How to edit the claim pricing rule for a parent customer Editing a Claim Pricing Rule of a Parent Customer