11/5/2020 · Perhaps the most important fact to know about chargemaster listings is that their rates do not necessarily reflect the true costs of healthcare. In fact, the creation of chargemaster data originates not with medical professionals but with finance departments, whose primary goals are managing the hospital revenue cycle ? including the pivotal negotiations with payers such as private insurance plans.
2/9/2018 · February 09, 2018 – The hospital charge description master, or hospital chargemaster, is at the heart of the healthcare revenue cycle, serving as the hospital’s starting point for billing patients and payers.. A hospital chargemaster is a list of all the billable services and items to a patient or a patient’s health insurance provider.
5/1/2012 · Chargemaster Maintenance. The chargemaster needs to be updated at least annually, and when beginning new services or discontinuing current services. This task is likely to be a full-time position in a large facility. When a new fiscal year begins, it is common for hospitals to.
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7/29/2011 · Healthcare Finance News Editor Richard Pizzi spoke recently with Kelley Blair, senior vice president of professional services at Craneware, about best practices in managing the hospital charge description master (CDM). Kelley has spent many hours working with hospital business office personnel on chargemaster maintenance.
