Knowledge is the Most Powerful Tool!
There is much more to using or reviewing a chargemaster description master (CDM) than simply confirming the accuracy of the codes in place and that charges are above Medicare payment levels. Of course our review of CDM includes these two important aspects of a review. However, with access to CDM Tools, and online research we generally do not find that there are significant issues with coding. That is not to say that most CDM’s cannot use a coding tune-up, we have never reviewed a CDM where there were not coding recommendations. Instead, our experience is that the opportunities and risks to hospitals’ revenues are from missing charges, misuse of charges, and/or a lack of use of their charges. These issues are often a result of an incomplete understanding of every charge and/or CPT code available to a clinical area. ChargeMaster Institute ® will ensure that not only is your CDM accurate and complete, but that your clinical personnel completely understand their CDM and how to use it fully and compliantly.
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