Corporate Compliance

Chargemaster maintenance is worth it

Strategies for Health Care Compliance, January 1, 2009

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Your facility’s chargemaster is useful only if it is accurate. The chargemaster—also known as charge description master—is one of the most important parts of a facility’s billing process. Ensuring proper alignment of CPT codes with revenue codes is crucial to receiving proper reimbursements, meeting budgets, and avoiding compliance-related investigations.

Methods for handling chargemaster data, audits, and updates vary tremendously from hospital to hospital. With slim margins and the risk of denials or loss of revenue from using incorrect codes, laboratory administrators have plenty of reasons to take an active role in chargemaster maintenance.

This is an excerpt from a member only article. To read the article in its entirety, please login or subscribe to Strategies for Health Care Compliance.

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