Definition of chargemaster in English:

chargemaster

(also charge description master)

noun

US
  • A list detailing the official rate charged by a hospital for individual procedures, services, and goods.

    ‘the chargemaster is used to generate each hospital invoice’
    as modifier ‘most insurance companies do not pay the standard chargemaster price that hospitals bill the uninsured’
    • ‘To be sure, if uninsured patients are poor in income and assets, they usually are granted steep discounts off the list prices in the chargemaster.’
    • ‘After all, as the hospitals themselves concede in downplaying their chargemasters, these insurance prices are the ones that affect most patients.’
    • ‘While most insurance companies do not pay the standard chargemaster price that hospitals bill the uninsured, often times these prices are where negotiations start.’
    • ‘In Providence's Oregon region, there are 22,000 items on the chargemaster.’
    • ‘Reimbursement for many outpatient services are driven by the charge description master.’
    • ‘The structure and detail of chargemasters are hospital-specific and vary considerably among hospitals.’
    • ‘Chargemaster prices are usually 300 percent of what a hospital pays Medicare, or even as much as 2,000 percent.’
    • ‘In composing a bill for an inpatient case, a hospital's computers find the charge for a particular service, procedure or manufactured good in the hospital's huge chargemaster.’
    • ‘They use a so-called "chargemaster" system in which each hospital heaps its own set of variables into the charges.’
    • ‘Some insurers still agree to pay a set percentage of the chargemaster, so hospitals have an incentive to bump up those prices 5 or 6 percent a year.’

Pronunciation

chargemaster

/ˈCHärjˌmastər/