Which of the following includes charge codes and revenue codes used for billing services and supplies?

Prepare for your Revenue Cycle and Billing exam with our comprehensive test. Utilize flashcards and multiple choice questions, complete with hints and detailed explanations to succeed!

The charge description master is a comprehensive database that includes charge codes and revenue codes essential for billing services and supplies in healthcare. It serves as the foundation for capturing charges associated with patient care, linking the specific services provided or items used to their corresponding codes required for billing purposes. These codes are crucial for accurately processing claims with insurance providers and ensuring that healthcare organizations receive appropriate reimbursement for the services rendered. The charge description master allows for standardized billing practices across different departments, thus facilitating more efficient revenue cycle management. This accuracy in coding can help to prevent billing errors and reduce the likelihood of claim denials, ultimately supporting better financial health for the organization.

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