The Charge Master. The charge description master. The CDM. The price list of all charges for all services, treatment, and supplies.

What do we make of this now that pricing transparency has been defined by the Feds as posting what providers will accept from payers as payment-in-full?

Ask any consumer what pricing transparency is and you’ll likely get a look of bewilderment. If your question elicits a sly smile, beware because you may have found that one consumer in eleven who knows the Feds have mandated pricing transparency.

Will forcing hospitals to post online what they will accept for 300 shoppable services really incite greater competition among hospitals? Or, is the real payoff an opportunity to accomplish goals connected to patient experience and growth?

Greater pricing transparency is both a strategy and a new growth factor.

See what ‘Q’ can do for you!