A New Year, A New Chargemaster: 3 Considerations for Updates

As code set changes took affect Jan. 1, surgery centers can now be looking to update their chargemasters to comply with regulatory guidelines and ensure proper payment, according to AAPC.

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Heather Linder

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:
Survey: Providers Still Unprepared for ICD-10, Financial Impact
10 Statistics on Biggest Financial Players in California Outpatient Surgery
Ambulatory Surgery Centers Have Potential for Medicare Savings: Report

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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