Super standardization: one health system, one chargemaster.
The task of standardizing chargemasters is huge, but so is the payoff. A standard chargemaster means improved charge capture and collections, uniform price and volume analysis, and reduced risk of payer audits and penalties, among other things. Having a central chargemaster team and adequate time and resources are essential to success.
Barton
Stephen
S
Ernst & Young, LLP, Portland, OR, USA. stephen.barton@ey.com
Bieker
Michael
M
D000066:Accounting; D019985:Benchmarking; D005377:Financial Management, Hospital / Q000191:economics / Q000458:organization & administration*; D007344:Insurance Claim Reporting / Q000592:standards*; D009096:Multi-Institutional Systems / Q000191:economics*; D019982:Organizational Case Studies; D014481:United States