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’
    • ‘They use a so-called "chargemaster" system in which each hospital heaps its own set of variables into the charges.’
    • ‘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.’
    • ‘In Providence's Oregon region, there are 22,000 items on the chargemaster.’
    • ‘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.’
    • ‘While most insurance companies do not pay the standard chargemaster price that hospitals bill the uninsured, often times these prices are where negotiations start.’
    • ‘The structure and detail of chargemasters are hospital-specific and vary considerably among hospitals.’
    • ‘Reimbursement for many outpatient services are driven by the charge description master.’
    • ‘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.’
    • ‘Chargemaster prices are usually 300 percent of what a hospital pays Medicare, or even as much as 2,000 percent.’
    • ‘After all, as the hospitals themselves concede in downplaying their chargemasters, these insurance prices are the ones that affect most patients.’

Pronunciation:

chargemaster

/ˈCHärjˌmastər/