A Chargemaster is a financial management form that is used for reimbursement. This form is essentially a price list that details every charge that is related to a patient. It can include items from supplies to procedures and even services. Every department will have different codes for each individual service, medication and procedure. The Chargemaster is arguably one of the most important databases in any healthcare facility. Inaccurate coding can lead to delayed reimbursement or even over charging which can cause a facility to incur fines and penalties and even rejected claims. The chargemaster is responsible for a majority of billing generated from a facility. Coding for the Chargemaster is generally maintained by the finance department.
