The hospital’s charge description master (CDM) is a master file built within hospital information systems, and designed to interface with other software applications or systems to support government-mandated standard billing requirements. It contains data elements such as charge descriptions, billing codes, pricing and many other necessary data elements. It is a comprehensive listing of items billable to a hospital patient or a patient’s health insurance provider. It is often described as the “backbone” of reimbursement.
Efficient Revenue Cycle Processes – July 30 Reviewing internal processes and creating efficiencies is a recommended strategy to prepare for value based purchasing. KRHOP is pleased to announce an opportunity for Critical Access Hospitals to participate in a project designed to improve the efficiency of revenue cycle processes with the application of Lean techniques and tools. Hospitals participating in this project will: Reduce the rate of claims denials; Improve cash flow; Improve patient satisfaction; and