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

The Charge Master serves a critical function in healthcare facilities by providing a comprehensive list of charges for all services, procedures, and supplies offered. This list is essential for billing purposes; it ensures that healthcare providers accurately capture the costs associated with patient care. The accuracy of this component directly affects revenue cycles and financial sustainability, as it facilitates proper charging for the services rendered and helps avoid discrepancies that could lead to revenue loss.

The Charge Master not only includes prices for standard procedures and services but also enumerates various supplies that may be used during patient treatment. Such a system allows for a structured and consistent approach to billing across the organization, ensuring that patients, insurers, and the facility are all informed about the costs associated with healthcare services.

In contrast, other options focus on roles that are somewhat related to healthcare management but do not represent the primary function of the Charge Master. Managing employee schedules pertains to human resources, inventory tracking relates to supply chain management, and establishing patient health records is a function of patient information systems. Each of these plays a distinct role in the overall healthcare operation but does not capture the essence of the Charge Master’s purpose.