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Chargemaster is kind of like (a more screwed up) MSRP when you buy a car, so not exactly, but it's an indicator of the pricing disparity for the same procedures
by aguynamedben 13y ago
Chargemaster is kind of like (a more screwed up) MSRP when you buy a car, so not exactly, but it's an indicator of the pricing disparity for the same procedures.
We've also indexed the Medicare DRGs which are a more accurate predictor. Eventually we'd like to index Paid Claims data for insurance companies, which are what actually gets paid.
The prices are all over the map in general, beyond just the chargemaster prices.
- cosmie 13y agoChargemaster is also a brilliant and evil tax deduction[1]. [1] http://www.nytimes.com/2013/05/17/business/bayonne-medical-center-has-highest-us-billing-rates.html?hp&_r=1&pagewanted=all& http://www.nytimes.com/2013/05/17/business/bayonne-medical-c...
- jparker165 13y agoYah, the joke I've heard from industry folks is that "only the Sultan of Brunei would pay those prices." But since many actual prices are determined as a percentage of the chargemaster, the provider with the lowest chargemaster price is likely to have the lowest actual price. Directionally correct data is better than no data? no?