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Dividend Currency Election

09 November 2018 - Craneware plc (AIM: CRW.L), the market leader in Value Cycle solutions for the US healthcare market, today...

Result of AGM

7 November 2018 - Craneware plc (AIM: CRW.L), the leader in Value Cycle solutions for the US healthcare market, is pleased to...

AGM Statement and Capital Markets Day

6 November 2018 - Craneware plc (AIM: CRW.L), the leader in Value Cycle solutions for the US healthcare market, will be...

Block listing Interim Review

Schedule 6, Block Admission Period to 15 October 2018 This block admission announcement, as required by the AIM Rules, is made...

Posting of Annual Report and Notice of AGM

The Company’s 2018 Annual Report has been posted to shareholders together with the Notice of Annual General Meeting and the...
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                    [post_date] => 2018-11-13 17:30:02
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With pharmaceuticals playing an increasingly important role in the revenue cycle, leadership at independent hospitals and health systems are looking for ways to ensure both pharmacy and finance staff are able to work together to achieve standardized, defensible, and transparent pricing for drugs. Join us for an educational presentation on best practices for drug pricing markup policy standardization. Brian will cover both standalone hospitals and multi-hospital health systems, how to accomplish standardization before, during or after a major EHR upgrade or implementation to the formulary system, and how to ensure drug pricing is competitive and defensible while remaining net neutral. This presentation will explore different approaches to corporate drug pricing standardization in health systems, as well as key factors to consider and common problems encountered when managing drug pricing across multiple formularies and hospitals.

  • Understand drug pricing markup strategies and standardization methods
  • Improve drug pricing policy adherence
  • Identify potential areas for simplification, standardization, or automation between your pharmacy and finance teams

Speakers:

  • Vickie McElarney, RN, MBA, FACHE, COC, Consultant
  • Dapo Akanbi, Net Patient Revenue Implementation Manager
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[/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section] [post_title] => Value Cycle Excellence: Drug Pricing Standardization for Hospitals and Health Systems [post_excerpt] => With pharmaceuticals playing an increasingly important role in... [post_status] => publish [comment_status] => closed [ping_status] => open [post_password] => [post_name] => value-cycle-excellence-drug-pricing-standardization-for-hospitals-and-health-systems [to_ping] => [pinged] => [post_modified] => 2018-11-26 20:47:23 [post_modified_gmt] => 2018-11-26 20:47:23 [post_content_filtered] => [post_parent] => 0 [guid] => https://public.craneware.com/?p=205647 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [1] => WP_Post Object ( [ID] => 205642 [post_author] => 2 [post_date] => 2018-10-26 16:55:30 [post_date_gmt] => 2018-10-26 16:55:30 [post_content] => [et_pb_section bb_built="1" next_background_color="#000000" _builder_version="3.2.2"][et_pb_row _builder_version="3.2.2"][et_pb_column type="4_4"][et_pb_video _builder_version="3.2.2" src="https://public.craneware.com/wp-content/uploads/2018/11/2018-10-Chargemaster-and-Price-Transparency.mp4" image_src="https://public.craneware.com/wp-content/uploads/2018/11/chargemaster-and-price-transparency.jpg" play_icon_color="#0c71c3" max_width="65%" module_alignment="center" border_width_all="2px" box_shadow_style="preset3" border_color_all="#ecf0f1" /][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.106" use_custom_width="on" custom_width_px="750px" module_class="webinar-body-text"][et_pb_column type="4_4"][et_pb_text _builder_version="3.2.2"]

Based on changes to the IPPS Final Rule, beginning in January 2019, hospitals will be required to publish a list of their standard charges online. This regulatory requirement presents an opportunity for healthcare finance teams to grow their market share and provide patients with accurate payment estimates. Trends indicate patients are “shopping” for providers with the best quality and cost, just as they do with any other commodity. This shift, along with changing reimbursement models and new regulatory requirements, motivates hospitals and health systems to adopt a consumerism-approach to healthcare which will attract and retain patients.

A Craneware customer will share their experience and the success that began with a thorough review of the hospital’s chargemaster. From the review, the customer achieved its strategic goal of creating a market based pricing strategy that keeps them competitive while also maximizing the changing payment methodologies impact rural hospitals.

In this session, presenters will share how they used the chargemaster as the foundation to build a competitive pricing strategy. Attendees will learn how to review and use their chargemaster to create a market-based pricing strategy while significantly improving patient loyalty and maximizing financial performance. The approach raised patient satisfaction, increased patient payment, and improved the hospital’s financial outcomes.

Topics Covered include:

  • Engaging with key stakeholders early on in the chargemaster review initiative, communicating the project as a top-priority and ensuring ongoing participation in chargemaster processes
  • Establishing a market-based pricing strategy using accurate charge data by comparing prices against competitors
  • Implementing a process for pricing assessment, and establishing a timeline for continual reevaluation of charges using a 100% market-competitive chargemaster
  • Identifying a strategic, multidisciplinary team comprised of clinical, non-clinical and IT professionals to champion a cross-department chargemaster review with pricing adjustments
  • Making prices available to patients online to become fully transparent

Objectives:

  • Identify common challenges that healthcare providers face to keep prices competitive and increase revenue
  • Describe the importance of performing a thorough chargemaster review to identify areas of pricing variance
  • Explain why healthcare organizations should spend a year focusing solely on chargemaster maintenance in order to see ROI
  • Discuss how increased patient loyalty can significantly impact a healthcare organization’s bottom line
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.2.2" disabled="on" disabled_on="on|on|on"][et_pb_column type="4_4"][et_pb_button _builder_version="3.2.2" button_alignment="center" custom_button="on" button_text_color="#ffffff" button_bg_color="#0066cc" button_border_width="0" button_border_radius="10" button_use_icon="off" button_text_color_hover="#ffffff" button_bg_color_hover="#66cc00" button_border_radius_hover="10" button_text="Download Pharmacy ChargeLink Fact Sheet" button_url="http://host.craneware.com/af2?LinkID=CH00096645eR00000038AD" url_new_window="on" /][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section bb_built="1" _builder_version="3.2.2" custom_padding="0px|||" next_background_color="#e6eaee" prev_background_color="#000000" disabled="off" disabled_on="off|off|off" global_module="25686"][et_pb_row global_parent="25686" module_class="social-share-blog" _builder_version="3.0.90" background_size="initial" background_position="top_left" background_repeat="repeat" module_alignment="center"][et_pb_column type="4_4"][et_pb_text global_parent="25686" _builder_version="3.0.106" module_alignment="center"]

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[/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section] [post_title] => Chargemaster & Price Transparency: Building Patient Loyalty while Improving Financial Performance [post_excerpt] => Based on changes to the IPPS Final Rule, beginning in Jan... [post_status] => publish [comment_status] => closed [ping_status] => open [post_password] => [post_name] => chargemaster-price-transparency-building-patient-loyalty-while-improving-financial-performance [to_ping] => [pinged] => [post_modified] => 2018-11-26 20:46:50 [post_modified_gmt] => 2018-11-26 20:46:50 [post_content_filtered] => [post_parent] => 0 [guid] => https://public.craneware.com/?p=205642 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [2] => WP_Post Object ( [ID] => 31290 [post_author] => 2 [post_date] => 2018-07-02 18:58:43 [post_date_gmt] => 2018-07-02 18:58:43 [post_content] => [et_pb_section bb_built="1" next_background_color="#000000" _builder_version="3.2.2"][et_pb_row _builder_version="3.2.2"][et_pb_column type="4_4"][et_pb_video _builder_version="3.2.2" src="https://public.craneware.com/wp-content/uploads/2018/07/2018-06-Chargemaster-Policies-101.mp4" image_src="https://public.craneware.com/wp-content/uploads/2018/07/cdm-policies.png" play_icon_color="#0c71c3" max_width="65%" module_alignment="center" border_width_all="2px" box_shadow_style="preset3" border_color_all="#ecf0f1" /][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.106" use_custom_width="on" custom_width_px="750px" module_class="webinar-body-text"][et_pb_column type="4_4"][et_pb_text _builder_version="3.2.2"]

This complimentary webinar will cover best practices for chargemaster management policies and procedures for hospitals and health systems.

Craneware has implemented new chargemaster processes and tools in nearly 1/3 of US hospitals, and often we find teams operating without clear chargemaster policies and procedures. This presentation will provide a step-by-step guide to help your team define your CDM policies and procedures, as well as ways to improve upon existing written policies.

The following topics will be covered:

  • Policies and Procedures – why they are important, critical elements
  • How to create or update your CDM Policies and use a policy approval checklist

An overview of standard CDM policies:

  • CDM Maintenance
  • Charge Reconciliation
  • Room and Bed Charging

Recommended for:

  • Chargemaster Managers and Coordinators
  • Revenue Cycle and Revenue Integrity Leadership
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[/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section] [post_title] => Chargemaster (CDM) Policies 101 [post_excerpt] => This complimentary webinar will cover best practices for chargemaster management policies and procedures for hospitals and health system... [post_status] => publish [comment_status] => closed [ping_status] => open [post_password] => [post_name] => 340b-opps-changes-and-improving-pharmacy-revenue-integrity-2 [to_ping] => [pinged] => [post_modified] => 2018-11-26 17:48:55 [post_modified_gmt] => 2018-11-26 17:48:55 [post_content_filtered] => [post_parent] => 0 [guid] => https://public.craneware.com/?p=31290 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [3] => WP_Post Object ( [ID] => 31277 [post_author] => 2 [post_date] => 2018-06-25 12:07:06 [post_date_gmt] => 2018-06-25 12:07:06 [post_content] => [et_pb_section bb_built="1" next_background_color="#000000" _builder_version="3.0.106" module_class="article-post"][et_pb_row][et_pb_column type="4_4"][et_pb_text _builder_version="3.2.2"]

LAS VEGAS, June 25, 2018Craneware (AIM: CRW.L), the healthcare market leader in automated value cycle solutions, today announced at the HFMA 2018 Annual Conference it is showcasing how the cloud-based Trisus platform continues to drive enhanced financial performance for U.S. hospitals and health systems.

Healthcare providers must ensure reimbursement for all chargeable items, especially high-cost implantable medical devices. Trisus Supply – a new application available for early adopters on the Trisus platform – helps identify data gaps between the Item Master, Chargemaster and Operating Room Order Entry System. These gaps shine a light on opportunities to correct charge capture issues related to revenue, cost and compliance to ensure higher reimbursement. Trisus Supply is available for demonstration at the Craneware booth (#1001).

Craneware Healthcare Intelligence’s core software solution, Trisus Healthcare Intelligence, integrates clinical, financial and operational patient information and determines the actual costs to each patient episode based on the services/activities during the encounter and the corresponding consumption of resources. Leadership from Craneware Healthcare Intelligence is available to discuss this innovative costs analytics initiative at the Innovation Hub (#863-N) on the show floor.

Trisus Claims Informatics accesses data compiled from more than 200 million related Medicare and commercial payor claims to provide predictive analytics and root-cause analysis around charge capture issues. Beebe Healthcare is sharing its experience with the solution in a presentation titled “Post-Claim Analysis: Making You Claims Data Work for You” on Wednesday, June 27, 10-11:15 am.

“As Craneware enters our twentieth year in business, we are uniquely positioned to help forward-looking providers make the transition from ‘old school’ revenue cycle management to understanding the underlying pressures on margin and its impact on patient outcomes,” said Keith Neilson, Craneware CEO. “The end result is an emerging, high-growth market for value cycle informatics and a performance platform that help providers understand risks, optimize revenue and meaningfully impact cost on a continuous basis.”

About Craneware

Craneware (AIM: CRW.L) is the market leader in software and supporting services that help healthcare providers improve margins so they can invest in quality patient outcomes. Our flagship solution, Chargemaster Toolkit®, has earned the KLAS No.1 ranking in Revenue Cycle – Chargemaster Management since 2006 and is part of our value cycle management suite, which includes patient engagement, charge capture and pricing, claims analysis, revenue recovery and retention, and cost analytics solutions. Learn more at craneware.com.

###

Craneware Media Contact:

b.parrish@craneware.com

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[/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section] [post_title] => Craneware Demonstrates Continued Evolution of Trisus® Platform at HFMA 2018 Annual Conference [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => open [post_password] => [post_name] => craneware-demonstrates-continued-evolution-of-trisus-platform-at-hfma-2018-annual-conference [to_ping] => [pinged] => [post_modified] => 2018-08-31 14:43:52 [post_modified_gmt] => 2018-08-31 14:43:52 [post_content_filtered] => [post_parent] => 0 [guid] => https://public.craneware.com/?p=31277 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [4] => WP_Post Object ( [ID] => 28917 [post_author] => 2 [post_date] => 2018-05-25 18:43:43 [post_date_gmt] => 2018-05-25 18:43:43 [post_content] => [et_pb_section bb_built="1" _builder_version="3.0.47" next_background_color="#000000"][et_pb_row use_custom_width="on" custom_width_px="750px" _builder_version="3.2.2"][et_pb_column type="4_4"][et_pb_text _builder_version="3.2.2"]

Webinars

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2019 CDM Transparency Requirements and Year-end Education in the New Craneware Academy
Date: 11/30/2018
Cost: Complimentary

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Events

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ASHP Midyear
Date: 12/2/2018 – 12/5/2018
Location: Anaheim, CA

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Health System 100
Date: 12/9/2018 – 12/11/2018
Location: Naples, FL

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OR Business Management Conference
Date: 1/27/2019 – 1/30/2019
Location: San Diego, CA

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Cerner Healthcare Conference
Date: 10/8/2018 – 10/11/2018
Location: Kansas City, MO

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[/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section] [post_title] => Upcoming Events [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => upcoming-events [to_ping] => [pinged] => [post_modified] => 2018-12-04 19:58:47 [post_modified_gmt] => 2018-12-04 19:58:47 [post_content_filtered] => [post_parent] => 0 [guid] => https://public.craneware.com/?p=28917 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [5] => WP_Post Object ( [ID] => 27411 [post_author] => 2 [post_date] => 2018-03-06 16:23:15 [post_date_gmt] => 2018-03-06 16:23:15 [post_content] => [et_pb_section bb_built="1" next_background_color="#000000" _builder_version="3.0.106" module_class="article-post"][et_pb_row][et_pb_column type="4_4"][et_pb_text _builder_version="3.0.106" background_layout="light"]

ATLANTA, March 6, – Craneware, Inc. (AIM: CRW.L), the healthcare market leader in automated value cycle solutions, today announced its unaudited results for the six months ending December 31, 2017. The company also announced the initial launch of Craneware Healthcare Intelligence, a new business division focusing on providing cost analytics decision support solutions for healthcare organizations with its software solution, Trisus CARE (Trisus Cost Analytics and Resource Efficiency).

Financial Highlights
  • Revenue increased 16% to $31.1m (H1 2017: $26.8m)
  • Adjusted EBITDA1 increased 18% to $9.7m (H1 2017: $8.2m)
  • Profit before tax increased 16% to $8.7m (H1 2017: $7.5m)
  • Adjusted basic EPS increased 18% to 25.4 cents per share (H1 2017: 21.6 cents per share)
  • Cash position of $52m (H1 2017: $45m) following dividend payment of $4.1m
  • Proposed interim dividend increased 15% to 10p (H1 2017: 8.7p per share)

1. Adjusted EBITDA refers to earnings before interest, tax, depreciation, amortisation, share based payments and acquisition and share transaction related costs.

Operational Highlights
  • Two significant contracts secured in the half, with a further two announced post period end
  • Increasing market engagement with our newly launched cloud-based platform, Trisus
Outlook
  • Record sales pipeline for the current financial year
  • Total visible revenue of over $63.1m for the current financial year and $179.4m for the three-year period to June 2020
    (H1 2017 same three year period: $149.1m)

Keith Neilson, CEO of Craneware plc commented, “Our extensive expertise and experience in the US healthcare market means we are well positioned to provide actionable insight for our customers. By combining their financial and operational data in unique ways, our solutions ensure they can continue to thrive in the new era of value-based care.

“The investments made into Craneware’s product suite and operations in recent years means we are now delivering growth rates which are outperforming our industry. We are seeing growing interest across our enlarged product suite and are particularly pleased with the high levels of interest and opportunities across our customer base for our newly launched cloud-based platform, Trisus.

“With an ongoing, growing market opportunity, a record sales pipeline and increasing long-term revenue visibility, we enter the second half of the year with great confidence for the future and the ongoing success of the business.”


The importance of understanding costs across the hospital and health system at the department and patient levels is essential to uncovering cost saving opportunities. Craneware Healthcare Intelligence’s core software solution, Trisus CARE, integrates clinical, financial and operational patient information and determines the actual costs to each patient episode based on the services/activities of the patient during the encounter and the corresponding consumption of resources.

Trisus CARE users are able to:

  • identify true cost based on resource allocation;
  • determine profitability by multiple metrics including the medical condition;
  • gauge an actual patient journey and identify physician variability that is driving cost and profit variability; and
  • utilize analytical insights to drive actionable process improvement.

“Healthcare IT systems have traditionally relied on estimations of cost and surrogate markers to approximate the cost against revenue streams. Unfortunately, this has led to a poor understanding of whether revenue covers costs by medical condition,” said Pietro Ferrara, senior vice president and leader of Craneware Healthcare Intelligence. “Trisus CARE sheds light on how variations in clinical care based on physician decisions produce different profit margins by medical condition. This insight can be used to determine best practices which will improve financial performance and lead to a competitive advantage in the marketplace.”

“From hospital management and cost analytics to supply chain and clinical operations, Pietro brings a vast range of international experiences to Craneware,” said Keith Neilson, Craneware CEO. “We are excited about this strategic initiative as we extend the value of our product offering into new and emerging areas.”

For those attending HIMSS18, Craneware Healthcare Intelligence will be demonstrating Trisus CARE in the Georgia, USA booth (#3261).

About Craneware

Craneware (AIM: CRW.L) is the market leader in software and supporting services that help healthcare providers improve margins so they can invest in quality patient outcomes. The company’s flagship solution, Chargemaster Toolkit®, has earned the KLAS No.1 ranking in Revenue Cycle – Chargemaster Management since 2006 and is part of our value cycle management suite, which includes Patient Engagement, Charge Capture & Pricing, Coding Integrity, Revenue Recovery & Retention, and Cost Analytics solutions. Learn more at craneware.com.

###

Craneware Media Contact:
b.parrish@craneware.com

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[/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section] [post_title] => Craneware Announces H1 FY18 Financial Results [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => craneware-announces-h1-fy18-financial-results [to_ping] => [pinged] => [post_modified] => 2018-06-20 16:18:00 [post_modified_gmt] => 2018-06-20 16:18:00 [post_content_filtered] => [post_parent] => 0 [guid] => https://public.craneware.com/?p=27411 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [6] => WP_Post Object ( [ID] => 20492 [post_author] => 1 [post_date] => 2018-01-30 11:18:19 [post_date_gmt] => 2018-01-30 16:18:19 [post_content] => [et_pb_section bb_built="1" next_background_color="#000000" _builder_version="3.0.106" module_class="article-post"][et_pb_row][et_pb_column type="4_4"][et_pb_text _builder_version="3.0.106" background_layout="light"]

ATLANTA, January 30, 2018Craneware, Inc., the healthcare market leader in automated value cycle solutions, today announced its Chargemaster Toolkit® product again ranked first in the Chargemaster Management category of the “2018 Best In KLAS Awards: Software & Services.” This marks the twelfth consecutive year the solution has achieved top ranking in this category. Additionally, Chargemaster Toolkit’s rating of 95.1 is roughly 15 points higher than the average for all KLAS-rated healthcare software products.

KLAS’s annual “Best in KLAS” report provides unique insight gathered from thousands of healthcare organizations across the country. Feedback from many Craneware customers was included in the vetting process, which focused on areas such as functionality, implementation, training and support. Insights provided by these customers included:

  • “Craneware is implementing a level of reporting that I have never had before.”
  • “I think every hospital should use (Craneware).”
  • “If Craneware says they are going to do something, we know it is going to be done right, and they are going to do it until everybody understands it.”
  • “Financial systems can be really complex, and some other products out there are not as easy to use as Chargemaster Toolkit.”
  • “I would rate the ease of use at a 15 if I could. Chargemaster Toolkit is very clear and concise, and there is ease in going from one place to another. We don't have to go to 15 places to get a single bit of information.”

“For almost two decades, the country’s leading healthcare providers have turned to Craneware for the best charge capture solutions in the industry,” said Keith Neilson, Craneware CEO. “We continue to achieve aggressive growth goals as Chargemaster Toolkit gives our customers actionable insights to successfully address revenue preservation and sustain financial performance.”

Chargemaster Toolkit enables users to realize:

  • Increased operational efficiency through workflow and efficient integration
  • Better understanding of where revenue is at risk, and of high-risk compliance issues
  • Improved pricing transparency by reviewing pricing against peer and fee schedule benchmarks
  • Better understanding of opportunities to increase revenue
  • Reduced coding errors
  • Smoother transition when migrating to patient accounting systems

With the revenue cycle now part of the larger value cycle – the full life cycle of optimizing every opportunity to achieve the best outcome for the best cost – Craneware offers additional products that help healthcare providers achieve quality patient outcomes and optimal financial performance. Craneware Value Cycle Solutions span five product families – patient engagement, charge capture and pricing, claims analysis, revenue recovery and retention, and cost analytics. In addition, hospitals and health systems of all sizes and types rely on Craneware Professional Services to help deliver results that lead to improved financial outcomes.

“Category Leader is more than a ranking. It is a recognition of vendors committed to delivering superior solutions,” said Adam Gate, president of KLAS. “It gives voice to thousands of providers who are demanding better performance, usability and interoperability in healthcare technology.”

*Selected commentary collected about Craneware Chargemaster Toolkit by KLAS June 2017-January 2018 respectively. For a complete view www.klasresearch.com

About KLAS

KLAS is data-driven company on a mission to improve the world’s healthcare by enabling provider and payer voices to be heard and counted. Working with thousands of healthcare professionals, KLAS collects insights on software, services and medical equipment to deliver reports, trending data and statistical overviews. KLAS data is accurate, honest and impartial. The research directly reflects the voice of healthcare professionals and acts as a catalyst for improving vendor performance. To learn more about KLAS and the insights we provide, visit www.KLASresearch.com.

About Craneware

Craneware (AIM: CRW.L) is the market leader in software and supporting services that help healthcare providers improve margins so they can invest in quality patient outcomes. Our flagship solution, Chargemaster Toolkit®, has earned the KLAS No.1 ranking in Revenue Cycle – Chargemaster Management since 2006 and is part of our value cycle management suite, which includes patient engagement, charge capture and pricing, claims analysis, revenue recovery and retention, and cost analytics solutions. Learn more at craneware.com.

###

Craneware Media Contact:
b.parrish@craneware.com

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[/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section] [post_title] => Craneware Secures Top KLAS Ranking in Chargemaster Management for 12th Consecutive Year [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => craneware-secures-top-klas-ranking-in-chargemaster-management-for-twelfth-consecutive-year [to_ping] => [pinged] => [post_modified] => 2018-06-20 16:18:46 [post_modified_gmt] => 2018-06-20 16:18:46 [post_content_filtered] => [post_parent] => 0 [guid] => http://crane.rumorad.com/?p=20492 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [7] => WP_Post Object ( [ID] => 29362 [post_author] => 2 [post_date] => 2018-01-03 20:31:56 [post_date_gmt] => 2018-01-03 20:31:56 [post_content] => [et_pb_section bb_built="1" next_background_color="#000000" _builder_version="3.2.2"][et_pb_row _builder_version="3.2.2"][et_pb_column type="4_4"][et_pb_video _builder_version="3.2.2" src="https://craneware.wpengine.com/wp-content/uploads/2018/05/2018-01-340B-OPPS-Changes-and-Improving-Pharmacy-Revenue-Integrity.mp4" image_src="https://craneware.wpengine.com/wp-content/uploads/2018/06/340B-pharmacy-revenue-integrity-webinar.jpg" play_icon_color="#0c71c3" max_width="65%" module_alignment="center" border_width_all="2px" box_shadow_style="preset3" border_color_all="#ecf0f1" /][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.106" use_custom_width="on" custom_width_px="750px" module_class="webinar-body-text"][et_pb_column type="4_4"][et_pb_text _builder_version="3.2.2"]

In 2018, CMS reduced payment for some outpatient drugs used in OPPS settings, cutting reimbursement at many 340B participating hospitals by nearly 30%. Some organizations are excluded from the payment cut, but all hospitals participating in the 340B program will have new requirements to report an additional modifier on drugs acquired under the 340B program.

In this educational webinar, Bonnie Kirschenbaum and Craneware’s Kathy Schwartz will provide a detailed overview of the 2018 OPPS changes, steps hospital pharmacy, revenue cycle, and revenue integrity teams can take to ensure compliance with the new requirements, and recommendations on improving pharmacy revenue integrity at your organization to help offset this unprecedented payment cut.

After watching this educational webinar, attendees will have an understanding of

  • The payment cuts and which hospitals and drugs will be affected
  • New “JG” and “TB” modifiers and other requirements
  • Steps hospital teams can take to ensure compliance
  • Steps hospital teams can take to improve pharmacy charge capture and revenue integrity
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row][et_pb_column type="4_4"][et_pb_button _builder_version="3.2.2" button_alignment="center" custom_button="on" button_text_color="#ffffff" button_bg_color="#0066cc" button_border_width="0" button_border_radius="10" button_use_icon="off" button_text_color_hover="#ffffff" button_bg_color_hover="#66cc00" button_border_radius_hover="10" button_text="Download Pharmacy ChargeLink Fact Sheet" button_url="http://host.craneware.com/af2?LinkID=CH00096645eR00000038AD" url_new_window="on" /][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section bb_built="1" _builder_version="3.2.2" custom_padding="0px|||" next_background_color="#e6eaee" prev_background_color="#000000" disabled="off" disabled_on="off|off|off" global_module="25686"][et_pb_row global_parent="25686" module_class="social-share-blog" _builder_version="3.0.90" background_size="initial" background_position="top_left" background_repeat="repeat" module_alignment="center"][et_pb_column type="4_4"][et_pb_text global_parent="25686" _builder_version="3.0.106" module_alignment="center"]

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[/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section] [post_title] => 340B OPPS Changes and Improving Pharmacy Revenue Integrity [post_excerpt] => In 2018, CMS reduced payment for some outpatient drugs used in OPPS settings, cutting reimbursement at many 340B... [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => 340b-opps-changes-and-improving-pharmacy-revenue-integrity [to_ping] => [pinged] => [post_modified] => 2018-11-26 20:48:09 [post_modified_gmt] => 2018-11-26 20:48:09 [post_content_filtered] => [post_parent] => 0 [guid] => https://public.craneware.com/?p=29362 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [8] => WP_Post Object ( [ID] => 29364 [post_author] => 2 [post_date] => 2017-10-04 20:36:23 [post_date_gmt] => 2017-10-04 20:36:23 [post_content] => [et_pb_section bb_built="1" next_background_color="#000000" _builder_version="3.2.2"][et_pb_row _builder_version="3.2.2"][et_pb_column type="4_4"][et_pb_video _builder_version="3.2.2" src="https://craneware.wpengine.com/wp-content/uploads/2018/05/2017-10-Connecting-Pharmacy-Cost-Management-and-Reimbursement.mp4" image_src="https://craneware.wpengine.com/wp-content/uploads/2018/06/pharmacy-cost-and-reimbursement-cerner-pharmnet-webinar.jpg" play_icon_color="#0c71c3" max_width="65%" module_alignment="center" border_width_all="2px" box_shadow_style="preset3" border_color_all="#ecf0f1" /][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.106" use_custom_width="on" custom_width_px="750px" module_class="webinar-body-text"][et_pb_column type="4_4"][et_pb_text _builder_version="3.2.2"]

How can pharmacy and financial teams improve pharmacy reimbursement by fixing common data gaps between the purchase history, the pharmacy formulary and the chargemaster?

This webinar will cover:

  • Pharmacy revenue cycle and revenue integrity challenges and how the one health system addressed them
  • Pharmacy Cost-to-charge analytics
  • The health system’s approach to correcting missing and incorrect multipliers, invalid HCPCS and other common revenue cycle issues
  • Pharmacy revenue integrity best practices in Cerner Pharmnet
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[/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section] [post_title] => Connecting Pharmacy Cost Management and Reimbursement in Cerner PharmNet [post_excerpt] => How can pharmacy and financial teams improve pharmacy reimbursement by fixing common data gaps between the... [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => connecting-pharmacy-cost-management-and-reimbursement-in-cerner-pharmnet [to_ping] => [pinged] => [post_modified] => 2018-11-26 20:56:32 [post_modified_gmt] => 2018-11-26 20:56:32 [post_content_filtered] => [post_parent] => 0 [guid] => https://public.craneware.com/?p=29364 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) ) [post_count] => 9 [current_post] => -1 [in_the_loop] => [post] => WP_Post Object ( [ID] => 205647 [post_author] => 2 [post_date] => 2018-11-13 17:30:02 [post_date_gmt] => 2018-11-13 17:30:02 [post_content] => [et_pb_section bb_built="1" next_background_color="#000000" _builder_version="3.2.2"][et_pb_row _builder_version="3.2.2"][et_pb_column type="4_4"][et_pb_video _builder_version="3.2.2" src="https://public.craneware.com/wp-content/uploads/2018/11/Drug-Pricing-Standardization-for-Hospitals-and-Health-Systems.mp4" image_src="https://public.craneware.com/wp-content/uploads/2018/11/Drug-Pricing-Standardization-for-Hospitals-and-Health-Systems.jpg" play_icon_color="#0c71c3" max_width="65%" module_alignment="center" border_width_all="2px" box_shadow_style="preset3" border_color_all="#ecf0f1" /][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.0.106" use_custom_width="on" custom_width_px="750px" module_class="webinar-body-text"][et_pb_column type="4_4"][et_pb_text _builder_version="3.2.2"]

With pharmaceuticals playing an increasingly important role in the revenue cycle, leadership at independent hospitals and health systems are looking for ways to ensure both pharmacy and finance staff are able to work together to achieve standardized, defensible, and transparent pricing for drugs. Join us for an educational presentation on best practices for drug pricing markup policy standardization. Brian will cover both standalone hospitals and multi-hospital health systems, how to accomplish standardization before, during or after a major EHR upgrade or implementation to the formulary system, and how to ensure drug pricing is competitive and defensible while remaining net neutral. This presentation will explore different approaches to corporate drug pricing standardization in health systems, as well as key factors to consider and common problems encountered when managing drug pricing across multiple formularies and hospitals.

  • Understand drug pricing markup strategies and standardization methods
  • Improve drug pricing policy adherence
  • Identify potential areas for simplification, standardization, or automation between your pharmacy and finance teams

Speakers:

  • Vickie McElarney, RN, MBA, FACHE, COC, Consultant
  • Dapo Akanbi, Net Patient Revenue Implementation Manager
[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row _builder_version="3.2.2" disabled="on" disabled_on="on|on|on"][et_pb_column type="4_4"][et_pb_button _builder_version="3.2.2" button_alignment="center" custom_button="on" button_text_color="#ffffff" button_bg_color="#0066cc" button_border_width="0" button_border_radius="10" button_use_icon="off" button_text_color_hover="#ffffff" button_bg_color_hover="#66cc00" button_border_radius_hover="10" button_text="Download Pharmacy ChargeLink Fact Sheet" button_url="http://host.craneware.com/af2?LinkID=CH00096645eR00000038AD" url_new_window="on" /][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section bb_built="1" _builder_version="3.2.2" custom_padding="0px|||" next_background_color="#e6eaee" prev_background_color="#000000" disabled="off" disabled_on="off|off|off" global_module="25686"][et_pb_row global_parent="25686" module_class="social-share-blog" _builder_version="3.0.90" background_size="initial" background_position="top_left" background_repeat="repeat" module_alignment="center"][et_pb_column type="4_4"][et_pb_text global_parent="25686" _builder_version="3.0.106" module_alignment="center"]

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[/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section] [post_title] => Value Cycle Excellence: Drug Pricing Standardization for Hospitals and Health Systems [post_excerpt] => With pharmaceuticals playing an increasingly important role in... [post_status] => publish [comment_status] => closed [ping_status] => open [post_password] => [post_name] => value-cycle-excellence-drug-pricing-standardization-for-hospitals-and-health-systems [to_ping] => [pinged] => [post_modified] => 2018-11-26 20:47:23 [post_modified_gmt] => 2018-11-26 20:47:23 [post_content_filtered] => [post_parent] => 0 [guid] => https://public.craneware.com/?p=205647 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [comment_count] => 0 [current_comment] => -1 [found_posts] => 93 [max_num_pages] => 11 [max_num_comment_pages] => 0 [is_single] => [is_preview] => [is_page] => [is_archive] => 1 [is_date] => [is_year] => [is_month] => [is_day] => [is_time] => [is_author] => [is_category] => 1 [is_tag] => [is_tax] => [is_search] => [is_feed] => [is_comment_feed] => [is_trackback] => [is_home] => [is_404] => [is_embed] => [is_paged] => [is_admin] => [is_attachment] => [is_singular] => [is_robots] => [is_posts_page] => [is_post_type_archive] => [query_vars_hash:WP_Query:private] => 2ccfed12c7f040e083d6f3227ab1b4b6 [query_vars_changed:WP_Query:private] => [thumbnails_cached] => [stopwords:WP_Query:private] => [compat_fields:WP_Query:private] => Array ( [0] => query_vars_hash [1] => query_vars_changed ) [compat_methods:WP_Query:private] => Array ( [0] => init_query_flags [1] => parse_tax_query ) )
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