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. 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.
— Todd Craghead, Intermountain Healthcare VP of Revenue Organization.
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.”
For further information, please contact:
- +44 (0) 20 7418 8900
- Dan Webster
- Richard Kauffer
- +44 (0) 20 7653 9850
- Caroline Evans-Jones
- Fiona Conroy
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.
Founded in 1999, Craneware has headquarters in Edinburgh, Scotland with offices in Atlanta and Arizona, employing over 200 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 minimize compliance risk. By partnering with Craneware, clients achieve the visibility required to identify, address and prevent revenue leakage. To learn more, visit craneware.com.