The chargemaster, or charge description master (CDM), is a comprehensive listing of items billable to a patient or a patient’s health insurance provider.
A robust CDM can manage thousands of changing charge items and assists in applying regulations that can negatively impact your pricing, revenue, costs, and credibility.
Benefits of Charge Description Master Software and Services
An experienced vendor can help you by delivering a complete, online CDM that covers inpatient and outpatient charge items for the entire CDM to mitigate cost recovery, accurate charging, and compliant pricing issues.
They can also help you by:
- Automating manual processes, such as change requests, to keep your CDM current and synced across multiple facilities
- Preventing revenue loss with technology that can identify invalid CDM codes
- Increasing operational efficiency
- Addressing any regulatory concerns
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We’ve done the heavy lifting for you, so all that is left is choosing the best fit. Our matching protocol means you only get responses from subscribed vendors who meet your specific business requirements. We value privacy, so revcyclematch.com enables you to search the platform anonymously until you decide to make a match. By using revcyclematch.com, you can quickly and effectively find your next Revenue Cycle partner.
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