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Succeed with Internal Pricing Analysis: Part 3. Avoid Pricing Analysis Pitfalls

    Succeed with Internal Pricing Analysis: Part 3. Avoid Pricing Analysis Pitfalls   In Part 1 of our “Succeed with Internal Pricing Analysis” series, we outlined strategic planning tips to help your in-house pricing project run smoothly. Part 2 provided examples of analytical options. This is our final article of this series and addresses […]

Succeed with Internal Pricing Analysis: Part 2. Fundamental Audit Protocols

  Succeed with Internal Pricing Analysis: Part 2. Fundamental Audit Protocols   As budgets tighten and consulting investment is scrutinized, many health systems are internalizing pricing analyses and updates. Using ChargeAssist®, proactive customers analyze and monitor prices to: Support compliance with payer or state limitations on pricing updates Identify prices that have an extreme variance […]

Succeed with Internal Pricing Analysis: Part 1. Have a Plan & Set Parameters

  Succeed with Internal Pricing Analysis: Part 1. Have a Plan & Set Parameters   “Succeed with Internal Pricing Analysis” Series Overview: In this three-part series, we will share strategic planning ideas, identify fundamental audit protocols to consider when defining your pricing analysis, and outline specific risks to avoid when performing internalized pricing studies. This […]

Charge Master “Spring Cleaning” Tips

Charge Master “Spring Cleaning” Tips Now that the 1st quarter of 2018 is behind us, it’s time to revisit your organization’s Charge Management priorities. Here are seven easy “Spring Cleaning” tips that result in dramatic, strategic improvements. I.   Identify Charge Management Priority Issues All Charge Master Teams tell us they face a constant barrage of […]

Charge Master Implant Issues: Revisiting Definitions

Charge Master Implant Issues: Revisiting Definitions In 2014 we summarized various definitions of implants and the challenges for data accuracy within the Charge Master file. As time has passed, we have found that this topic continues to be challenging for hospital Revenue Cycle and Charge Master Teams. This is an updated article from our July […]

Evaluate Your Team’s CDM Update Performance

Evaluate Your Team’s CDM Update Performance On January 1st, hospital and other healthcare provider claims fell under new coding and payment rules. The changes span multiple types of medical services, payment systems, coding rules and claims reporting requirements. Proactive providers understand the importance of addressing all applicable updates. However, many health systems face increasing claims […]

Annual Update Processes: Build a Work Plan that Really Works

Annual Update Processes: Build a Work Plan that Really Works This is another article in our Annual Update Process series, designed to help with your health system’s Charge Master and other masterfile update plans for year-end. Proactive teams have already begun 2018 update planning. They have used our earlier articles for tips on planning, staffing, […]

Annual Update Processes: The Charge Master & Beyond – Part 1

Annual Update Processes: The Charge Master and Beyond – First Steps (Part 1) It’s ‘that time of year’ – Time to review coding, payment system, and annual regulatory update rules that will be effective January 1, 2018. Here’s part 1 of a two-part excerpt from our 2018 CDM Update Educational Program to help with your […]

CDM Management Strategies: Improving Charge Descriptions

CDM Management Strategies: Improving Charge Descriptions Part 1 – Charge Description Risks, Influences, & Improvement Strategies Does your hospital have a clear and definitive policy for charge descriptions? Hospitals and health systems are often challenged by how they should address billing descriptions. Updates are often low priority despite their importance. Let’s talk about the challenges […]

First Steps for 2018 Charge Master Update Success

First Steps for 2018 Charge Master Update Success Seasoned Charge Master owners realize the busy “Annual CDM Update” season is just around the corner. Everyone experienced in this effort will tell you that a staged, well-planned process ensures a successful January 1st conversion. Now is the time to establish your CDM update plan to prepare […]