As the chargemaster links to, and affects, a variety of feeder systems within a hospital, like clinical systems, order-entry, electronic health records and even material management systems, it should remain top of mind for hospital executives. But because the chargemaster touches so many aspects of hospital finances, it can easily become a sore spot for lost revenue within the revenue cycle. Chargemaster expertise is hard to find, and then easily lost in the daily shuffle causing lost revenue, serious regulatory fines like being removed from the Medicare program.
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Windham Brannon healthcare consulting team brings years of deep industry experience with chargemasters as well as the revenue cycle. As part of revenue cycle optimization services, the team:
- Conducts Chargemaster reviews
- Executes Chargemaster Consolidations/Standardizations
- Creates Chargemaster Builds and Implementation for system conversions
- Conducts Charge Capture Claim Reviews
Chargemaster management is a service offering at Windham Brannon, a healthcare advisory, consulting, tax and assurance firm.
Chargemasters Need Modification Following AMA’s Code Changes
With the American Medical Association’s release of the 2022 Current Procedural Terminology code changes last week, a chargemaster review will need to rise to the top of the priority list for hospital executives.
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As in previous years, new procedures and services have been added, some have been expanded and revised, while others have been deleted.
Join Windham Brannon’s Greg Brazzel Dec. 7 at 2 p.m. EDT to walk through key highlights of these 2022 updates, including the OPPS Final Rule and its impact on price transparency requirements for hospitals and Medicare b********** quality and safety. To register, c*********. He’ll walk through these CPT code changes and the Centers for Medicare & Medicaid Services (CMS) has published Calendar Year 2022 Hospital Outpatient Prospective Payment System (OPPS) and Ambulatory Surgical Center (ASC) Payment System, now is the time for providers to begin making modifications to their Chargemaster (CDM) and charge capture tools.
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[To share your insights with us, please write to sghosh@martechseries.com]
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