Hospital leadership responsible for achieving financial goals that include revenue growth, expense management, and operating margins is facing the growing importance of chargemaster integrity. We attribute the challenge of managing financial goals to the accuracy of charge data, complex systems impacting the ability to view the data, and the rapidly changing healthcare environment.
Ensuring that effective processes are in place for compliance with appropriate cost standards and principles will require more from leadership than before.
Hospitals must manage the chargemaster to meet these requirements by identifying performance improvement opportunities through analysis of trends illustrated by data, workgroup teams focused on effectiveness of cost management, and industry best practices.
To learn about the benefits of an efficiently managed chargemaster and best practices for chargemaster management priorities, download our whitepaper: Managing the Chargemaster: The Fuel for the Revenue Engine.