Here are three considerations for updating a chargemaster, or CDM.
1. Minimally, charges should be cost divided by the cost-to-charge ratio.
2. Consider all aspects of a cost, including delivery, storage, overhead and more.
3. Coding regulation changes drive a CDM, so updates may need to occur quarterly.
More Articles on Coding, Billing and Collections:
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Ambulatory Surgery Centers Have Potential for Medicare Savings: Report
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