Question: Objective: Identify the components of the CDM and process for maintenance. Instructions: Review the following Case Study. Type your answers to the questions that follow
Objective: Identify the components of the CDM and process for maintenance. Instructions: Review the following Case Study. Type your answers to the questions that follow the case study (1-2 pages) in a Word Document and attach it to this assignment's drop box. Case: Maintaining an up-to-date chargemaster is an important part of the revenue cycle process and is a key factor in preventing denial of claims. You are a manager in the revenue cycle area of your organization and become aware that your facility has had only limited updates to the chargemaster over the past two years. Updates to the chargemaster have only occurred when someone has a few minutes to work on the changes. No one is specifically designated to the task of maintaining the accuracy of the chargemaster. As can be expected, the facility as received a substantial number of denials because there are errors in the system. You have been tasked with reviewing the current processes and developing a new processes that will clean up the chargemaster both now and in the future. You have also been asked to report to the Chief Financial Officer (CFO) of the hospital regarding the reason that the hospital has been experiencing a higher than usual number of denials. Include the following in your response to this assignment: 1. Identify the components of the Charge description master (CDM). 2. Who (or what departments) will you include in the process to clean up the chargemaster? 3. What are the detailed steps you will take to now to clean up the CDM? How will you maintain this process ongoing? 4. What would you report to the Director of the Revenue Cycle Management regarding denials? What other factors other than the chargemaster may be contributing to increased denials?.
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