A hospital's Charge Description Master (CDM) is the key to its greatest potential for revenue. Yet, hospitals lose an estimated 1% of annual net revenue from inaccurate and outdated CDMs due to expanding services and evolving regulation and pricing structures. Unfortunately, traditional approaches to managing the CDM, such as manual auditing, are costly and time intensive. Additionally, popular static rules-based software is extremely restrictive and just skims the surface leaving a high potential for significant missed revenue opportunities.
Using a combination of analytics and hands on charging expertise Apollo's CDM Management Solution helps hospitals drive a compliant and complete CDM. Apollo's proven algorithms identify charge anomalies and validate new, deleted, and changed codes are reflected in the CDM to guarantee compliance and system integrity. Our team partners with CDM owners to review and verify the relationships between charges, ensure standardized pricing and develop contract methodologies that help hospital systems chart a course to protect net revenue.
Apollo's CDM Management Solution:
 Line item review and clean up
Strategic pricing
Order entry to CDM mapping
Facility CDM standardization
Rational pricing standardization
Service line charge methodology
Defensible pricing standardization
Apollo's CDM Management Solution seamlessly integrates into our complete suite of revenue cycle solutions, including Charge Recovery, Underpayment Recovery, Credit Balance Management and AR Analytics.
Apollo's Solutions are delivered as Software as a Service (SaaS), alleviating hospitals with the burden and cost for hardware, software maintenance, and ongoing operations and support.
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