Certified Healthcare Leader (CHL) Exam 2025 – 400 Free Practice Questions to Pass the Exam

The Charge Master primarily manages billing for services rendered within a healthcare organization. It serves as a comprehensive list of charges for each service and procedure that healthcare providers perform. This includes not only the direct costs of services provided but also any associated costs, such as supplies and medications.

The Charge Master ensures that the healthcare facility can accurately bill patients and their insurance companies for the services rendered. It plays a critical role in the revenue cycle management process, as it affects reimbursement rates and overall financial performance. Proper management of the Charge Master helps avoid billing errors and ensures compliance with regulations, thereby influencing the hospital's revenue and operational efficiency.

In contrast, employee training for new procedures relates to human resources and staff competency, maintenance schedules for medical equipment pertain to equipment management and safety, and patient health insurance eligibility deals with patient access and financial clearance rather than direct billing processes. These elements, while important in their own rights, do not pertain directly to the Charge Master’s function in managing billing processes.