In healthcare organizations, the chargemaster plays a crucial tole in determining the prices for medical procedures, services, and supplies. However, the chargemaster requires continuous updating and maintenance, Discuss the following: 

1. Why is it essential to update the chargemaster regularly? Discuss the potential consequences of outdated or inaccurate chargemaster entries on the healthcare organization's revenue cycle and overall financial health.

 2. What are the challenges involved in maintaining an accurate chargemaster Share your insights on the potential sources of errors or discrepancies that can occur in the chargemaster and discuss strategies to overcome these challenges.