(also charge description master)
Definition of chargemaster in English:
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
More example sentences
- 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.
- Chargemaster prices are usually 300 percent of what a hospital pays Medicare, or even as much as 2,000 percent.
- While most insurance companies do not pay the standard chargemaster price that hospitals bill the uninsured, often times these prices are where negotiations start.
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