Charge Description Master Analyst Salary
The average pay for a Charge Description Master Analyst is $54,946 per year. Most people move on to other jobs if they have more than 20 years' experience in this career. Pay for this job does not change much by experience, with the most experienced earning only a bit more than the least.
|Salary||$41,909 - $81,233|
|Total Pay (||$38,480 - $78,570|
|Hourly Rate||$15.75 - $37.19|
|Total Pay (||$38,480 - $78,570|
Job Description for Charge Description Master Analyst
Charge description master analysts are responsible for maintaining hospital compliance related to billing and coding. A bachelor's degree in business/finance or accounting is generally required for this position, and prior experience in billing/coding with a focus on CDM is highly beneficial.Read More...
Charge description master analysts must have knowledge of insurance terminology to research billing/coding guidelines and insurance contracts and update hospital personnel with relevant information. They must also ensure that all coding of new and existing charge codes is within applicable guidelines.
These analysts provide analyses of medical service reimbursements, as well as assist with resolving bill-related problems and provide coverage guidelines for billable services to reduce or prevent future medical claim denials. They must ensure the accuracy of all coding, descriptions, and pricing, and other responsibilities include researching coding updates and current revenue reporting requirements, utilizing strategic pricing applications to maximize reimbursements within budget guidelines, and ensuring the accuracy of pricing structures and codes. They must also ensure that all work is in accordance with local, state, and federal regulations.
Constant communication is necessary in this position, and these analysts must be able to effectively interact and coordinate with physicians, clinicians, clinical departments, and administrative staff on a regular basis.
Charge Description Master Analyst Tasks
- Responsible for all inpatient and outpatient charge description documents.
- Train staff in coding and charging practicies and policies.
- Review reports to monitor charging practices and identify charging issues.
- Review charge descriptions to ensure compliance with all payer mandates, relevant standards, and reporting requirements.
Pay by Experience Level for Charge Description Master Analyst
Pay by Experience for a Charge Description Master Analyst has a positive trend. An entry-level Charge Description Master Analyst with less than 5 years of experience can expect to earn an average total compensation of $50,000 based on 34 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Charge Description Master Analyst with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $55,000 based on 25 salaries. An experienced Charge Description Master Analyst which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $58,000 based on 15 salaries. A Charge Description Master Analyst with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $59,000 based on 7 salaries.
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Key Stats for Charge Description Master Analyst
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