“An out-of-date chargemaster can mean major compliance issues for hospitals, but developing a steering committee with representation from the relevant departments to keep track of changes in CMS requirements and pricing can keep everything above board,” said Mr. Martin.
“A designated steering committee could benefit from biannual meetings to review charges or meet when new regulations are rolled out,” he said.
Overall, he said, a steering committee allows hospitals to prioritize their chargemasters without disrupting operations.
If you would like to share your RCM best practices, please email Kelly Gooch at kgooch@beckershealthcare.com to be featured in the “RCM tip of the day” series.
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