Medical

Hospital Chargemaster Role in Revenue Cycle Management?

The hospital charge description master, or hospital chargemaster, communicates medical bills to payers and patients.
The hospital chargemaster plays a crucial role in revenue cycle management: it’s the heart of the healthcare revenue cycle. It’s the central point from which all billing gets sent to patients and insurers.
Organizations that fail to maintain the chargemaster face enormous problems. Poor chargemaster maintenance leads to revenue leakage. It can also lead to inaccuracies, non-competitive fees, and claim rejections.

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hmicorp

HMI transitioned into a diversified healthcare company assisting providers in reducing costs and improving financial health and compliance through a wide range of services which include providing contract coding and coder quality reviews; improving professional staff clinical documentation and compliance; and providing revenue cycle services which include Charge Capture, Chargemaster Reviews, Bill Audits, Claims Reviews, Medical Coding Services, Physician Services and Case Management Services.

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