If the hospital is doing a good job regulating the Chargemaster, how does the hospital benefit from using the Quest Precision Pricing Software?
Quests Precision Price Indexing is inserted AFTER all CDM items have been validated in-house and are correctly in the system. Quest is compatible with and enhances the value of ALL pre-billing CDM validation systems including: MedAssetsErnst & Young.Deloitte & Touche..PARA (Ripper & Assoc.) Craneware…The Rybar GroupThe Horne GroupCleverly & Associates and other custom Chargemaster validation software. The Quest software is a statistical pricing system, electronically preselecting those areas of patient service from which the hospital can benefit. Only an electronic, computer analysis, selection system can accomplish setting the index modifiers with accuracy and efficiency, which must be hospitals. Making periodic across the board increases in the CDM or even CDM charge-validation accomplish any severity of illness inpatient pricing or any site of service delivery pricing components for outpatients. The established charges on the Chargemaster (plus several other hospital-specific fact
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