cdm

Annual CDM Update Mistakes You Can Avoid

Fear of Failing: Annual CDM Update Mistakes You Can Avoid She’d been on the job just two short weeks. Hired at the most prestigious health system in the region, and already on the brink of a major Revenue Cycle catastrophe. Claims were clearly going to error for every patient account that had charges needing January […]

10 Steps for Failsafe Charge Data Management

10 Steps for Failsafe Charge Data Management Busy Revenue Cycle Teams often overlook the basic steps of charge data management. This blog post includes ten proven steps that are pivotal to keeping charge data management a key operational priority. #1 Define Charge-Oriented Data Flow & Processes Charge data and Charge Master management processes are complex […]

Charge Management Assessment

Charge Management Assessment Periodic assessments help health systems evaluate their charge and CDM Management processes, and refine their organizations’ unique priorities. The assessment that follows can be performed prior to and periodically following process improvement work to quantify charge management success. Charge Management teams can apply common risk management concepts for assessing their organizational charge […]

Hospital Prices in the News: 10 Tips

Hospital Prices in the News: 10 Tips Poor communication on pricing can undermine patient loyalty and community support. The recent Modern Healthcare article “Stricter Chargemaster Regulations Needed to Rein in Healthcare Pricing” may have already caused ripples in the boardroom. It’s important to know what the press is saying, and communicate proactively about your pricing […]

Quantifying CDM Audit Results

Quantifying CDM Audit Results CFOs often ask their teams about return on investment projections before investing in new Charge Master software or projects. Similarly, compliance staff may worry about exposure when charge data errors have been uncovered. Beyond the operational efficiencies of Charge Master software and consulting, there are often measurable results that must be […]