Topics: Revenue Cycle Management, Surgical Charge Structure, Denial Management, Chargemaster Management Software, Chargemaster Management
In hospital finance, small errors can cost millions. A single misaligned charge description, an outdated code, or a gap between the clinical order and the chargemaster can silently drain revenue month after month. The challenge? ...
Topics: Revenue Cycle Management, Surgical Charge Structure, Denial Management, Chargemaster Management Software, Chargemaster Management
Hospital chargemaster management is an essential yet often overlooked aspect of healthcare administration. The chargemaster, sometimes referred to as the hospital's “CDM” or "master price list," is a comprehensive catalog of all ...
Topics: Revenue Cycle Management, Surgical Charge Structure, Denial Management, Chargemaster Management Software, Chargemaster Management
As the healthcare landscape evolves, many hospitals and health systems are upgrading from old legacy systems to new EHR (Electronic Health Record) and patient accounting systems. While these conversions promise improved ...
Topics: Revenue Cycle Management, Surgical Charge Structure, Denial Management, Chargemaster Management Software, Chargemaster Management
The chargemaster is a critical database that lists every procedure, service, supply, and medication provided in a hospital along with its corresponding charge. Accurate chargemaster management is essential for hospitals to ensure ...
Topics: Revenue Cycle Management, Surgical Charge Structure, Denial Management, Chargemaster Management Software, Chargemaster Management
Has your revenue cycle team examined the charge capture processes for your surgical services, including supply management? Just as your ancillary charge master is managed and maintained on a regular basis, the clinical surgery ...
Topics: Revenue Cycle Management, Surgical Charge Structure, Denial Management, Chargemaster Management Software, Chargemaster Management
Managing a hospital’s chargemaster is no small task. As the backbone of revenue cycle management, it must remain accurate, compliant, and up-to-date amidst the ever-changing landscape of healthcare regulations and payer ...
Topics: Revenue Cycle Management, Surgical Charge Structure
In the fast-paced environment of the operating room (OR), maintaining accuracy is not limited to medical procedures—it also extends to financial operations, particularly accurate billing or “charging” for procedures, supplies, ...
Topics: Revenue Cycle Management
Revenue Cycle Management (RCM) is a critical process in the healthcare industry, especially within hospitals. It encompasses the entire financial lifecycle of a patient’s interaction with a healthcare provider, from appointment ...
Topics: Revenue Cycle Management
A study summarized on yahoo!finance indicates that the future of Health Care Revenue Cycle Management may include increases in outsourcing. “The study, entitled PatientPay 2022, found 63% of respondents indicated they were ...
Topics: Revenue Cycle Management
Hospital margins depend highly on the type and volume of services they perform. Historically, the hospital was the only place to go for healthcare services. However, today a variety of stand-alone specialty locations can meet ...
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