Craneware in double contract win

Craneware has signed two new significant multi-year contracts with large multi-system hospital groups in the eastern US, the company announced on Wednesday. The firm, which is the market leader in automated revenue integrity solutions for the US healthcare market, said the first contract is expected to deliver $3.8m revenue to the group during the five-year term, while the second will deliver more than $3.1m over its seven-year term. The full impact of the increased revenues is due to be seen from the 2015 financial year onwards. Keith Neilson, the Chief Executive of Craneware, said: "These competitive wins demonstrate the relevance of the Craneware product suite to all sectors of the US healthcare provider market, building on the increase in sales we have witnessed in the first half of the financial year and underline our leading position within the revenue integrity marketplace." The first hospital system comprises over 1,200 staffed beds and incorporates multiple specialty care facilities and programmes. The contract is for the implementation of a number of its professional services. The second hospital system, which has over 3,000 staffed beds, has contracted Craneware's gateway Pharmacy ChargeLink product, as well as related services.NR Craneware