Chargemaster (CDM) Review and Pricing Strategies
Optimize your charges without hurting your bottom line with a comprehensive Chargemaster (CDM) review.
Optimize Charges, Don't Sacrifice the Bottom Line
The average hospital has 11,000 Chargemaster lines, 50-70 different departments, 20-30 payer contracts and thousands of patient visits per week.
With so many variables affecting charges, hospitals need to model different scenarios to determine which areas you can realistically lower charges without hurting your bottom line.
This sophisticated, data-driven modeling approach starts with an assessment of your hospital's gross charge and net revenue goals.
“It made sense for us to use PMMC for strategic pricing since we already had our contracts loaded through their software. We were able to successfully maximize our contract terms without going outside of the market."
Sarasota Memorial Healthcare System