Event Materials (Key Required)
A hospital chargemaster is a comprehensive list of a hospital’s products, procedures, and services. Everything from prescription drugs to supplies for diagnostic tests has a unique price listing in the chargemaster and is used by hospital administrators, clinical documentation improvement specialists, and revenue directors.
Chargemasters include the following information:
- The charge for a single unit of service
- A currect CPT code as described by the American Medical Association
- HCPCS II codes as applicable
- Alternate CPT & HCPCS codes that may be required by a specific payor
- A revenue code associated with the charge (Cost center that receives the revenue)
- Flags that indicate active, inactive charges or charges scheduled for deletion
- An internal general ledger number
Chargemaster rates serve as baselines when negotiating rates with payors but do not necessarily indicate the true costs of providing services. They should be updated at least annually, when new services are established, when current services are being discontinued and when percentage rates are increased.
Learning Objectives:
- Multiple departments entering charges
- Chargemaster may be incorrect or incomplete
- Error in number of units selected
- Error in item selection
- Inactive charge
- New service not added
- Incorrect revenue code/cost center
- System conversions
- Overreliance on claims scrubber
Areas Covered in the Session:
- Understand chargemaster functions
- Understand revenue leakage resulting from poor chargemaster functions
- Understand why correct departmental charging is vital to revenue integrity
- Appropriate training for charge entry staff
- Billing attention to posted charges
- Accurate charges enhance patient satisfaction
- Live Q&A Session
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Suggested Attendees:
- Chargemaster Maintenance Staff
- Physicians
- Practice Managers
- Medical Assistants
- Nurses
- Compliance Staff
- Billers
- Coders
- Revenue Cycle
- Risk Management
- Charge Entry Staff
Presenter Biography:
Dorothy D. Steed, MSLD, CCS, CDIP, COC, CPCO, CPUM, CPUR, CPHM, CPMA, ACS-OP, CCS-P, RCC, RMC, CEMC, CPC-I, CFPC, PCS, FCS, CRCR, CICA, CPAR, is an Independent Healthcare Consultant and Educator. She has served as a Medicare specialist and a physician audit supervisor for hospital systems with 50 years of experience in healthcare. She is an instructor at a state technical college and provides auditing & training in both facility and physician services. She is credentialed in medical coding, medical billing, medical auditing, utilization management, healthcare management, healthcare compliance, clinical documentation improvement, revenue cycle and patient accounts. Additionally, she has participated in multiple healthcare audits and investigations for both plaintiff and defendant She has provided review services for 2 state QIO organizations & served as an expert witness in several legal disputes. She holds a Master’s degree in Strategic Leadership Development.
Additional Information:
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- Headset: Any decent headset and microphone which can be used to hear clearly
For more information, you can reach out to the below contact: Toll-Free No: 1-302-444-0162 Email: care@skillacquire.com
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Snippet From Our Previous Session
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Attendee’s Reviews from the Previous Session:
1 Month ago By:- Cheryl Colbert
I thought the information was great. It was very informative and I would like to review the webinar again.
2 Weeks ago By:- Stephanie Janes
I really enjoyed the presenter. She was extremely knowledgeable and added in some humor.
5 Days ago By:- Liza Tan
Good presentation. Speaker was very upbeat which made paying attention easy.
