ICD10monitor November 16, 2023
Introduction:
Welcome to the sixth article in our 10-week series on demystifying the chargemaster. In this installment, we delve into the recommended frequency for updating the chargemaster. Finding the right balance between regular updates and operational efficiency is crucial to maintaining an accurate and up to date chargemaster that aligns with coding guidelines, regulatory requirements, and pricing transparency. Understanding the factors that influence the frequency of updates will help healthcare organizations establish an effective update schedule.
Finding the Right Balance: Recommended Frequency for Chargemaster Updates
- Regulatory and Coding Guideline Changes: Regulatory guidelines and coding practices are subject to frequent updates (at least quarterly). It is essential to stay current with changes in regulations, such as Medicare and Medicaid guidelines,...
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