Whether you are working in healthcare or have just used a healthcare service, it is likely that you have come across chargemaster software, whether you were fully aware of it or not. The big question related to this all is simply, “What is chargemaster software?” Keep reading to find out!
What is Chargemaster Software?
A chargemaster (which is more or less used as an interchangeable term for chargemaster software) is a type of computer program/electronic file that contains information used in hospital billing. Some of the most common billing information used in this type of file is listed below.
- Charge per item/procedure
- Medical codes
- Revenue codes
- Reference numbers
- Flags for changes or deletions in records
Why Do Hospitals Use it?
Why do hospitals use this kind of software? Mainly, it helps to keep everything standardized and organized. When talking in terms of standardizations, this system ensures that two different …