Chargemaster Maintenance & Review.

If your Charge Description Master (chargemaster) is not up-to-date, then you’re not accurately reflecting to the payer world what you’re doing clinically.

Chargemaster
Management & Review.

If your Charge Description Master (chargemaster) is not up-to-date, then you’re not accurately reflecting to the payer world what you’re doing clinically.

Chargemaster
Maintenance & Review.

If your Charge Description Master (chargemaster) is not up-to-date, then you’re not accurately reflecting to the payer world what you’re doing clinically.

Start focusing on your
Chargemaster.

It’s challenging to keep the chargemaster accurate because the rules are continually changing: The Centers for Medicare & Medicaid Services (CMS) make quarterly changes to the rule sets, hospital clinical departments make changes throughout the year, and third party payers sometimes come up with their own rule sets for different service areas that they want to track and bill differently than Medicare. It’s very difficult to keep up with all of those changes.

The second big component of risk is whether your chargemaster is complete.

Completing a chargemaster review is time-intensive and the various clinical departments may not understand the importance of a complete and accurate chargemaster. Additionally, charge capture and how departments may or may not be using charges appropriately also deserves a look to maintain compliance.

Accordias can help you to make sure there is a process for ongoing comparisons of your chargemaster against the CMS rules and by regularly updating your chargemaster to reflect services offered at your facility. It’s critical to focus on the chargemaster just as you focus on the revenue cycle.

When to focus on your
Chargemaster.

If your Charge Description Master (chargemaster) is not up-to-date, then you’re not accurately reflecting to the payer world what you’re doing clinically. It’s challenging to keep the chargemaster accurate because the rules are continually changing: The Centers for Medicare & Medicaid Services (CMS) make quarterly changes to the rule sets, hospital clinical departments make changes throughout the year, and third party payers sometimes come up with their own rule sets for different service areas that they want to track and bill differently than Medicare. It’s very difficult to keep up with all of those changes.

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A true leader has the confidence to stand alone, the courage to make tough decisions, and the compassion to listen to the needs of others. He does not set out to be a leader but becomes one by the equality of his actions and the integrity of his intent.