Price Component

Note: This topic is not applicable for the health insurance business.

The Price Component zone displays information about the price component of the rate component for the price item pricing that is assigned to an account, person, or price list. It contains the following fields:

Field Name Field Description
Rate Component Information Displays the concatenated string of information about the rate component for the price component separated by comma (,). This string contains the following:

  • Rate Component Sequence

  • Tiering Type of the Rate Component
Display Sequence Displays the sequence in which the rate of the price component is considered for calculating the pricing of the price item
Show Price Component Indicates whether the price component should be displayed in the bill.
Description Displays the description of the price component.
Rate Displays the rate defined for the price component.

In addition, the Price Component zone contains the following buttons:

Button Name Button Description
Save Used to save the changes made to the price component.
Clear Used to discard the changes made to the price component.
Close Used to close the Price Component zone.

By default, the Price Component zone does not appear in the Price Item Pricing screen. It appears when you click the Add (The Add Icon) icon corresponding to a price component in the Price Assignment Tree zone and when the price item pricing is in the Draft status.

On clicking the Show Price Component Tier link, the Tiering Criteria section appears in the Price Component zone with the details of the respective tiering criteria of the price component.

The Tiering Criteria section contains the following fields in a grid:

Field Name Field Description
Display Sequence Displays the sequence number of the tiering criteria.
Tiering Criterion Indicates the tiering criterion which is used in the tiering range.
Lower Limit Displays the lower limit of the tiering range.
Upper Limit Displays the upper limit of the tiering range.
Price Item Displays the price item for which the tiering criteria is defined using the price component.
Price Item Parameters Displays the tiering parameters using which the tiering criteria is defined for the price item.
Note: The Edit (The Edit Icon) icon appears corresponding to the Price Item Parameters field. On clicking the Edit icon, the Tier Parameters section appears where you can add, edit, or delete the tiering parameter of the price item.
Note: The Tiering Criteria section appears in the Price Component zone only when the Tiering Type of the rate component is STEP or Threshold.
On clicking the Show Price Component Eligibility link, the Pricing Eligibility Criteria section appears in the Price Component zone with the details of the respective pricing eligibility criteria of the price component.
Note: The Show Price Component Eligibility link appears in the Price Component zone only when the Pricing Eligibility check box is selected in the Price Item Pricing screen.

The Pricing Eligibility Criteria section contains the following fields in a grid:

Field Name Field Description
Display Sequence Indicates the sequence number in which the pricing eligibility criteria is executed in the rule.
Parameter Displays the left hand side parameter which is used along with the price item for price determination.
Note: The Search (The Search Icon) icon appears corresponding to the Parameter field. On clicking the Search icon, the Parameter Search window appears where you can search for the respective parameter.
Operator Indicates the relational operator used to define the relation between the parameter name and the parameter value. The valid values are:

  • <

  • < =

  • < >

  • =

  • >

  • > =

  • Between

  • In

  • Like

  • Not In
Parameter Value Type Indicates whether the parameter (on the left hand side) is compared against another parameter (on the right hand side) or directly against a parameter value. The valid values are:

  • Parameter - Indicates that the parameter (on the left hand side) is compared against another parameter (on the right hand side).

  • Value - Indicates that the parameter (on the left hand side) is compared against a parameter value.
Parameter Value Indicates the parameter (on the right hand side) or the parameter value (on the right hand side) against which you want to compare the parameter (on the left hand side).
Note: If you select the Parameter Value Type as Parameter, the Search (The Search Icon) icon appears corresponding to the Parameter Value field where you can search for the respective parameter for comparison.
Is True Indicates what happens when the condition is true (satisfied). The valid values are:

  • Check Next Condition - Indicates that the condition with consecutive sequence number is executed.

  • Rule Is False - Indicates that the action specified in the Rule False Action field is executed.

  • Rule Is True - Indicates that the action specified in the Rule True Action field is executed.
Is False Indicates what happens when the condition is false (not satisfied). The valid values are:

  • Check Next Condition - Indicates that the condition with consecutive sequence number is executed.

  • Rule Is False - Indicates that the action specified in the Rule False Action field is executed

  • Rule Is True - Indicates that the action specified in the Rule True Action field is executed.
Is Insufficient Indicates what happens when the data is insufficient. The valid values are:

  • Check Next Condition - Indicates that the condition with consecutive sequence number is executed.

  • Rule Is False - Indicates that the action specified in the Rule False Action field is executed

  • Rule Is True - Indicates that the action specified in the Rule True Action field is executed.

Related Topics

For more information on... See...
Price Item Pricing screen Price Item Pricing (Used for Viewing)
Price Assignment Tree zone Price Assignment Tree
Price Component zone Price Component
How to define a price component for a rate component Defining a Price Component for a Rate Component
How to define a tiering criteria for a price component Defining a Tiering Criteria for a Price Component
How to view the tiering criteria of a price component Viewing the Tiering Criteria of a Price Component
How to define a pricing eligibility criteria for a price component Defining a Pricing Eligibility Criteria for a Price Component
How to view the pricing eligibility criteria of a price component Viewing the Pricing Eligibility Criteria of a Price Component