A current and accurate billing procedure is vital to any healthcare provider seeking proper reimbursement. Without one, the facility would not receive appropriate payment for procedures and services performed on a patient. It’s thus very important to stay on top of the potential negative effects of a cdm charge master that has been neglected. Here are three helpful questions to consider.
Are Your Codes Accurate?
It’s important for the chargemaster coordinator to verify that correct codes are being billed. Inaccuracies may exist between what is captured in the order entry system and what is being reported on the chargemaster. Mistakes such as assigning a deleted or non-billable code to a medical procedure are more common than not in facilities with more than 150 beds. The coordinator should work with coding staff and providers to verify that line-item descriptions always match entered codes.
Are Your Codes Complete?
Without a complete …