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Healthcare execs, do you know what’s in your chargemaster?

By Pamela J. Gallagher

 

A hospital’s charge description master (CDM), or chargemaster, is often referred to as the “heart” of the healthcare revenue cycle. It includes codes for every procedure, material used, medication, and service that a healthcare organization provides its patients. It is the structure that drives the hospital, and is the starting point for billing patients and insurers and complying with public reporting.  A typical health care system chargemaster may contain 15,000 to 25,000 entries, according to Becker’s Hospital Review. 

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