From the largest health system to the smallest critical access hospital – the maintenance of the Charge Description Master (also known as the CDM or chargemaster) plays a critical role in the financial health of every U.S. hospital. The CDM translates the care provided by clinical departments into the language of codes and charges required by commercial and government payors. As the source of truth for all billable services provided by the hospital, an absent or error-prone CDM process can lead to missed reimbursement, incorrect bills and compliance risks.
Inside this complimentary whitepaper, we examine the three common roadblocks to completing a CDM review and best practices to ensure your next CDM review is successful:
Chargemaster Toolkit® is ranked No.1 in the Chargemaster Management category for the twelfth year in a row (2006 – 2018.) in the "2018 Best in KLAS Awards: Software & Services" report, published January 2018. Data © 2017 KLAS Enterprises, LLC. All rights reserved. www.KLASresearch.com www.KLASresearch.com
*HFMA staff and volunteers determined that Craneware's Chargemaster Toolkit® has met specific criteria developed under the HFMA Peer Review Process. HFMA does not endorse or guarantee the use of these products.
Craneware (AIM: CRW.L) is the market leader in software and supporting services that help healthcare providers improve margins so they can invest in quality patient outcomes. The company’s flagship solution, Chargemaster Toolkit®, has earned the KLAS No.1 ranking in Revenue Cycle – Chargemaster Management since 2006 and is part of our value cycle management suite, which includes Patient Engagement, Charge Capture & Pricing, Coding Integrity, Revenue Recovery & Retention, and Cost Analytics solutions.