Selecting chargemaster software can sometimes prove challenging, given that selection timeframes are only available every few years. Involving the right team in the selection process, educating participants, and securing funds are the challenges that hospitals often encounter when selecting a chargemaster management strategy. Here are a few helpful tips to make this process less complicated and challenging than it seems.
Organizations can split their chargemaster software budgets into multiple cost centers that may require advanced financial planning, cost-benefit considerations, and collaboration. That said, understand the cost of the software program and budget for it accordingly. Review how beneficial the chargemaster software program will be to other services and functions and try to split the licensing cost across departments.
Renewal and Notice Dates
Notice and renewal deadlines for chargemaster software programs often get health facilities by surprise. Coordination is vital, as a missed renewal deadline could impede the efforts …