Keeping a chargemaster current, accurate, and compliant is vital for any hospital. Mistakes or errors can result in either under- or over-charging for services and supplies, and compliance or risk issues that could result in fines, penalties, and even imprisonment. With the constant changes to CPT® and HCPCS codes and continual changes in government rules and regulations, manual maintenance of your chargemaster can be difficult, time-consuming, and costly.
Chargemaster Toolkit is the answer to all these issues. It identifies missing linked codes, and billable missing CPT® and HCPCS codes. It highlights invalid and replaced codes, and suggests valid replacements. It also flags hot compliance issues while providing a comprehensive audit trail for every line charge. As an added administrative feature, the software has an online memo feature which allow the user to post specific notes to any line charge. Chargemaster Toolkit also allows multiple, simultaneous access to permission-controlled segments of the chargemaster. Product updates containing the latest coding and regulatory changes can be downloaded from the internet on a regular basis to ensure that the CDM file is updated in accordance with current rules and regulations.
As a result you will ensure optimal reimbursement, reduced bill correction costs, reduced compliance risk, and improved accuracy and historical detail.
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