When looking to increase your revenue, proper Chargemaster management is essential to your success. If the data in your Chargemaster management software is incomplete or outdated, you could be losing some serious money. Below are a few ways to improve your Chargemaster compliance to ensure you are getting the most out of the software.
What Makes a Healthy Chargemaster?
You first want to determine if all applicable services and procedures are available within your Chargemaster, along with up-to-date pricing. You also want to check that all codes are accurate and meet governmental standards. Without accurate coding, you may not be receiving complete reimbursement for your products or services, which results in an immediate loss in revenue. It is also important to know what cannot be billed, so you do not receive compliance violations.
How to Improve Chargemaster Compliance
If you feel you are losing revenue due to your outdated Chargemaster software, MedCom Solutions can help. Rather than spending enormous amounts of time and energy manually updating your Chargemaster, our team will handle the task for you. We will ensure your charge codes and software are up to date with the latest standards and regulations so you can improve your compliance and increase revenue. Reach out to us today by calling 1-800-449-8601 to schedule a consultation. We will work to help you develop the best revenue increasing solutions for your facility and needs.