In today’s complex healthcare environment, maintaining an accurate and up-to-date charge description master (CDM) is essential for optimizing revenue and ensuring regulatory compliance. Healthcare providers, especially smaller hospitals and physician practices, face significant challenges in managing their CDM due to evolving coding standards, regulations and staffing shortages in health information management and coding departments. Pricing aberrations and inconsistencies can significantly impact a hospital’s financial health, causing revenue leakage, patient dissatisfaction and increased scrutiny from payers and regulators. Effective cross-departmental collaboration is crucial but difficult to achieve, leading to potential delays and inaccuracies in claims submission. Preparing for audits requires meticulous documentation, which can overwhelm teams already stretched thin. How can healthcare leaders overcome these challenges to ensure financial stability and compliance in their organizations?

With Cognizant, healthcare organizations can:

• Ensure accuracy and compliance through comprehensive CDM maintenance
• Leverage an expert partnership providing ongoing, dedicated service
• Optimize costs and operations through flexibility in scale, delivery and pricing models
• Shorten time to deployment with an automated, self-serve platform