What Is Remark Code 115 in Medical Billing? Meaning and Explanation

Learn what remark code 115 means in medical billing and how it relates to negotiated fee payments.

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Remark code 115 typically signifies that procedures were paid based on a previously approved negotiated fee.* It’s often seen in medical billing to indicate that the agreed payment terms have been met.

FAQs & Answers

  1. What does remark code 115 indicate in a medical claim? Remark code 115 indicates that the procedure was paid based on a previously approved negotiated fee.
  2. Where is remark code 115 commonly used? Remark code 115 is commonly used in medical billing to show that payment terms, based on negotiated fees, have been met.
  3. How does remark code 115 affect medical billing payments? It signifies that payments were made according to agreed-upon negotiated rates, confirming payment compliance.

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