ChargeMaster

Hospitals lose large amounts of money every year because they code and bill inappropriately. The chargemaster is an internal billing document used by hospitals. This book reveals the best use of the chargemaster system and analyzes the process of reviewing, assessing and optimizing chargemasters.

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Many hospitals lose large amounts of money every year because they code and bill inappropriately. The chargemaster is an internal billing document used by hospitals. This book aims to show that hospitals that understand the document and its importance can gain control of it and improve their billing performance. It shows the best use of the chargemaster system and presents an analytic approach to the process of reviewing, assessing, enhancing, and optimizing chargemasters. Topics covered include the relationship of data to payments, how to determine which elements are necessary to optimize third-party payer required data for UB-92 billing systems, and how the system can be used internally for management reporting under managed care and capitated contracts.