To make its claims cleaner prior to submission, which would, in turn, alleviate time-consuming rebilling activities and help minimize lost revenue, Lisa Killam, reimbursement charge supervisor at the hospital, looked to automation of the charge description master (CDM) management processes.
All of the transactions are defined in the Charge Description Master File (CDM), which maintains the unique charge code, description, and price of all the services provided by the hospital.
Orlando Health determined it needed to build a consistent pricing model to improve profitability and transparency, choosing MedAssets' charge description master (CDM) solutions, pricing services and CrossWalk to address its defensible pricing challenges.
It supports maintenance of accurate and up-to-date codes, management of the charge description master (CDM) across the enterprise, and improves regulatory compliance.
By linking hospital-pharmacy purchase history with the hospital's main charge description master (CDM), Pharmacy ChargeLink version 2 improves financial performance for critical-access, medium and large hospitals, health systems and clinics.
Caritas Christi Health Care, New England's second largest health care system with six acute care hospitals throughout Massachusetts, selected Chargemaster Corporate Toolkit in 2007 to replace manual methods of managing its charge description masters (CDM) on an individual level at each facility.
The multi-institutional Catholic health system will use a number of Craneware's products and services including: * Chargemaster Corporate Toolkit([R]) to centrally manage the charge description master (CDM) for its facilities; * Chargemaster Toolkit to locally manage the CDM at each facility; * Online Reference Toolkit([R]) to research the latest coding regulations and changes; * Interface Scripting Module to automatically upload CDM changes to Catholic Health East's Siemens and Meditech patient financial systems; * Bill Analyzer to optimize charge capture performance; and * Pharmacy ChargeLink([TM]) to ensure that facility-dispensed medications are billed accurately and appropriately.
