Share of Cost Clearance Transaction

Wednesday, Jan. 29th 2020 6:31 AM

To clear a subscriber’s SOC, the provider accesses the Medi-Cal eligibility verification system, enters a provider number, Provider Identification Number (PIN), subscriber identification number, BIC issue date, billing code and service charge. The SOC information is updated and a response is displayed on the screen or relayed over the telephone. Several clearance transactions may be required to fully certify SOC. In other words, providers must continue to clear SOC until it is completely certified. (Clearing Share of Cost is also referred to as “spending down” the SOC.) Providers must perform an SOC clearance transaction immediately upon receiving payment, or accepting obligation from the subscriber, for the service rendered.

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Posted on Wednesday, Jan. 29th 2020 6:31 AM | by Share of Cost | in Share of Cost | No Comments »

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