Pricing Transparency: Machine-Readable File.

Price transparency in healthcare is more important now than ever before. Our experts offer solutions to increase price transparency by creating and maintaining our clients’ standard charges in a machine-readable file. This includes the following:
 

• Charge Description File (CDM)

• Minimum/Maximum Negotiated Charges (Derived)

• Discounted Cash Price

• One Year of Patient Charge Experience by ICD 10 Diagnostic and Procedural (835/837)

• Payer Specific Negotiated Packages (IP DRG or OP Surgical Procedures)
   

The standard charge report can be constructed from four data sets, as follows:
 

• CDM Data Set

• Prompt Pay Discount

• Contract Rate Sheets

• Experience Level Package Pricing
   

At FTI Consulting, we continuously stay abreast of pending regulations to assure our clients are well prepared and compliant with all CMS requirements.
 

For further information, please contact:
 

Maura Conway, Managing Director, FTI Consulting

maura.conway@fticonsulting.com