Book Description

One strategy need not necessarily give solutions to all pricing issues; hence adopting a Pricing Strategy serves a better purpose as it is a learning curve which studies the needs and behaviours of patients. Every hospital maintains a le system known as the chargemaster, which contains all billable procedure codes performed at the hospital, along with descriptions of those codes and the hospitals' own list prices. The format and contents of the chargemaster vary from one hospital to another, although the source codes are derived from International Classication of Disease (ICD) procedure coding system. Chargemasters can include tens of thousands of line items (procedure codes), depending on the type of facility, and can be maintained in spreadsheet or database formats.