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7 Essential Strategies for Streamlined Chargemaster Management: Boosting Mid-Revenue Cycle Results
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Welcome to episode seven of the RevTech Rx Podcast- Your prescription for a healthy revenue cycle! This episode is powered by Streamline Health, a leader in pre-billing coding optimization.
Mid-revenue cycle optimization is tremendously influenced by the accuracy—or lack thereof— of the chargemaster. Healthcare providers have many hurdles to consider when it comes to chargemaster optimization, especially when chargemaster review is a manual process and can have as many as 10,000+ entries to consider. Chargemaster maintenance is something many healthcare organizations complete only twice a year alongside CPT code updates. When a health system performs maintenance only twice a year, revenue integrity is impacted.
For revenue integrity professionals, ensuring chargemaster accuracy is crucial as it impacts other areas of the revenue cycle, such as charge capture. While the benefits of mid-revenue cycle management are clear, having organizational buy-in for best practices is just one of the many challenges to mid-revenue cycle integrity.
Connect with our panel of experts:
David Kosloski- Host and Director of Marketing
https://www.linkedin.com/in/david-kosloski/
Dawn Castro- VP of Client System Integrations at Conifer Health Solutions
https://www.linkedin.com/in/dawn-castro/
Zach Johnson- VP of Client Operations at Avelead
https://www.linkedin.com/in/zach-johnson-cc/
Chapters:
1. Intro- 0:00-0:34
2. Common problems with the chargemaster- 0:34-3:18
3. Chargemaster alignment- 3:19-7:38
4. Chargemaster quick fixes for small and large hospitals- 7:39-13:21
5. Getting your chargemaster quick fixes “unstuck”- 13:21-16:40
6. The fear of change- 16:40-22:03
7. Seeing the why- 22:03-24:03
8. Conclusion- 24:03-24:23
Supervision of your hospital’s revenue integrity can be complex and time-consuming. With an ever-shifting landscape of rules and regulations, it can be difficult to keep up with the world of revenue cycle management. Welcome to RevTech Rx, a podcast designed to educate and inform about revenue integrity and revenue cycle management strategies. Kickstart (or restart) your revenue cycle tactics with tips from industry though
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