What is included in the chargemaster?
What is included in the chargemaster?
Chargemasters include thousands of hospital services, medical procedures, equipment fees, drugs, supplies, and diagnostic evaluations such as imaging and blood tests. Each item in the chargemaster is assigned a unique identifier code and a set price that are used to generate patient bills.
What is a chargemaster in coding?
The hospital chargemaster is how providers communicate medical bills to payers and patients. The chargemaster captures the costs of each procedure, service, supply, prescription drug, and diagnostic test provided at the hospital, as well as any fees associated with services, such as equipment fees and room charges.
What is charge master data?
The chargemaster, or charge description master (CDM), is a database that contains a comprehensive listing of items that could produce a charge. Broadly speaking, the chargemaster includes charge data about: Procedures and services provided by hospital personnel and supported by hospital facilities.
What is charge master in medical billing?
A chargemaster serves as a medium between a healthcare facility and for billing their patients and insurance companies. This system contains a list of all the billable services and/or items to a patient or the patient’s insurance company.
Why is a chargemaster useful to hospitals?
For hospitals, an accurate and up-to-date chargemaster is the backbone of this type of revenue flow, as well as an important record for purposes of public reporting and compliance. An unreliable chargemaster will lead to revenue leakage, legal liabilities, and even confusing and high charges for patients themselves.
What is a chargemaster quizlet?
chargemaster (charge description master [CDM]) document that contains a computer-generated list of procedures, services, and supplies with charges for each. Billing Procedures. Computer-generated statements.
What is chargemaster maintenance?
Chargemaster maintenance is an ongoing process to ensure that services, drugs, and supplies are accurately charged and compliant with CMS and other payer regulations so that a healthcare entity receives appropriate reimbursement.
What is the CDM for hospital codes?
Charge Description Master
The Charge Description Master (CDM), sometimes called the Chargemaster or Procedure Code Dictionary, is the database of all billable items that go on patients’ accounts. It contains all the descriptions, revenue codes, department associations, alternate CPT/HCPCS codes for different payer….
The chargemaster will have a record for everything in the health system that relates to patient care. Broadly speaking, the chargemaster includes charge data about: Procedures and services provided by hospital personnel and supported by hospital facilities
What is the hospital chargemaster?
Bookmark this page for future reference and to provide to new hires as they are onboarding. What Is The Hospital Chargemaster? The chargemaster, or charge description master (CDM), is a database that contains a comprehensive listing of items that could produce a charge.
How do I get a copy of my charge description master?
Beginning July 1, 2004, each hospital is required to make a written or electronic copy of its charge description master (chargemaster) available on location. A hospital may elect to have an electronic or written copy available or to post a copy on its Internet website.
What is a hospital charge description master (CDM)?
A hospital charge description master, also known as a chargemaster or CDM, contains the prices of all services, goods, and procedures for which a separate charge exists. It is used to generate a patient’s bill.
