Craneware Regulatory News (CRW)

22 Dec 2009 07:00



Craneware plc

("Craneware" or the "Company")

Intermountain Healthcare Selects Craneware Revenue Integrity Solutions 

22 December 2009 - Craneware plc (AIM: CRW.L), the market leader in automated revenue integrity solutions for the US healthcare market, is pleased to announce the signing of a five year contract with Intermountain Healthcare, a non-profit, integrated healthcare delivery system based in Salt Lake City consisting of 23 hospitals, physicians, clinics & services, and health insurance plans from SelectHealth.  

Intermountain Healthcare chose Craneware's Chargemaster Toolkit®, Online Reference Toolkit® and Physician Revenue Toolkit®. Intermountain will also benefit from the industry-wide expertise of Craneware's Business Solutions Group in CDM Maintenance Process Assessment, Design and Implementation for optimal business process efficiency. 

Chargemaster Toolkit® is designed to capture legitimate reimbursement, increase efficiency and promote compliance through fully automating chargemaster management processes with Online Reference Toolkit enabling easy access to the latest compliance regulations and code sets. Physician Revenue Toolkit® functions similarly to fit the needs of physician practices. These solutions provide hospitals with increased visibility into their financial performance - automating code change updates to support compliance, identifying opportunities to optimise reimbursement, and assisting Intermountain in applying best practices for superior operational efficiency.

"Craneware's proven solution for automating chargemaster management processes will help us achieve our objectives - empowering us to manage by exception and improve processes related to the revenue cycle," stated Intermountain Healthcare's VP of Revenue Cycle Organization Todd Craghead. "The integrated workflow of Craneware's solutions will connect our health system's varied revenue management processes, from corporate standard to regional operations, to individual hospitals and physician groups. This will provide us greater visibility to ensure we're capturing charges effectively and achieving best-practice revenue cycle operating processes across the Intermountain Healthcare enterprise." 

Keith Neilson, CEO of Craneware, commented, "Intermountain Healthcare is setting the standard as an efficiently-run healthcare system that delivers excellent patient care, having been recognised by President Obama as a bellwether in healthcare. Craneware looks to play a big role in elevating this efficiency even further.

"This significant contract win in a competitive situation is a powerful endorsement of the strength of Craneware's products and competitive positioning. Our sales momentum continues as we approach the end of the first half of our financial year, and I look forward to updating shareholders further at the time of our Trading Update in January."

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About Intermountain Healthcare

Intermountain Healthcare is a non-profit, integrated healthcare delivery system based in Salt Lake City consisting of 23 hospitals, physicians, clinics & services, and health insurance plans from SelectHealth. The largest healthcare provider in the Intermountain West, with more than 31,000 employees, it serves the healthcare needs of Utah and southeastern Idaho residents. Intermountain Healthcare is recognised worldwide for having advanced clinical computer systems that identify best practices to drive clinical quality and reduce cost and medical errors.

 About Craneware

Founded in 1999, Craneware has headquarters in Livingston, Scotland, with offices in Florida, Arizona and Kansas, employing over 100 staff. Craneware partners with healthcare organisations to improve returns, increase productivity and manage risk, driving better financial and operational performance using market-driven revenue management solutions. By enhancing revenue capture processes, Craneware solutions enable healthcare organisations to optimise reimbursement, improve operational efficiency, and support compliance. Visit craneware.com.