Last checked at 25 Jan 2011 07:00
Craneware plc
("Craneware" or the "Company")
Trading Update and Notice of Results
25 January 2011 - Craneware plc (AIM: CRW.L; OTC: CRWRY), the market leader in automated revenue integrity solutions for the US healthcare market, is pleased to give an update on trading for the six month period ended 31 December 2010.
In line with expectations, revenue is expected to have grown by approximately 24% (H1 Dec '09: $13.3m), while adjusted profit (before share based payments, depreciation and amortisation) is expected to show growth of approximately 35% (H1 Dec '09: $3.3m).
Craneware will be announcing its Interim Results on Monday, 28 February 2011.
Keith Neilson, CEO of Craneware commented, "With the launch and first sale of our latest new product, Value Based Pricing Analyzer, and the announcement that Craneware was named the number one product supplier in the Chargemaster area for the fifth year running, we have further demonstrated our desire to innovate and continue to lead the Automated Revenue Integrity market in the US.
"At a time when there is much uncertainty around the direction of Healthcare reform in the US, Craneware provides tangible value to its customers who are faced with the ever harder task of providing higher quality healthcare for a large patient population at a more cost effective price. By supporting customers in their need to improve their financial operations and compliance requirements through our best-of-breed integrated software solutions, Craneware believes it can make a meaningful impact on the ability of its customers to care for their patients.
"We are confident of a successful outcome to the year and the ongoing success of Craneware."
For further information, please contact:
Craneware plc | Peel Hunt | Threadneedle Communications |
+44 (0)1506 407 666 | +44 (0)20 7418 8900 | +44 (0)20 7653 9850 |
Keith Neilson, CEO | Dan Webster | Caroline Evans-Jones |
Craig Preston, CFO | Richard Kauffer | Fiona Conroy |
About Craneware
Founded in 1999, Craneware has headquarters in Livingston, Scotland with offices in Atlanta and Arizona, employing over 150 staff. Craneware is the leader in automated revenue integrity solutions that improve financial performance and mitigate risk for healthcare organisations. Craneware's market-driven, annuity SaaS solutions help hospitals and other healthcare providers more effectively price, charge and code for services and supplies associated with patient care. These optimise reimbursement, increase operational efficiency and minimise compliance risk. By partnering with Craneware, clients achieve the visibility required to identify, address and prevent revenue leakage. To learn more, visit craneware.com & www.stoptheleakage.com.