What is the electronic file that represents a master list of all services, supplies, devices, and medications?

The Charge Description Master (CDM) is the electronic file that serves as a comprehensive master list of all services, supplies, devices, and medications provided by a healthcare facility. It plays a critical role in the revenue cycle management of healthcare organizations by ensuring that all services rendered are accurately captured, coded, and billed.

The CDM includes detailed descriptions of each service, associated charges, and relevant coding information, which is essential for processing insurance claims and billing patients. Having a well-maintained CDM is crucial for financial accuracy and compliance with regulatory requirements.

In contrast, other options, while related to healthcare services and billing, do not serve the same overarching purpose as the Charge Description Master. For instance, a Procedure Catalog generally lists procedures but may not include pricing information or all ancillary services. A Billing Guide provides instructions or standards for billing but does not encompass a complete list of services and their associated charges. Lastly, a Service Inventory List might detail services but lacks the comprehensive billing and coding information found in a CDM.