1. Stem revenue losses with effective CDM management.
- Author
-
Alwell M
- Subjects
- Financial Audit, Insurance, Health, Reimbursement, Social Responsibility, Software, United States, Accounting standards, Financial Management, Hospital methods, Hospital Charges classification, Insurance Claim Reporting classification, Patient Credit and Collection methods
- Abstract
Effective CDM management not only minimizes revenue losses due to denied claims, but also helps eliminate administrative costs associated with correcting coding errors. Accountability for CDM management should be assigned to a single individual, who ideally reports to the CFO or high-level finance director. If your organization is prone to making billing errors due to CDM deficiencies, you should consider purchasing CDM software to help you manage your CDM.
- Published
- 2003