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Contract with CHE

Catholic Health East Selects Craneware’s Revenue Management Solutions

Health System to Utilize Software and Services to Improve Financial Performance for 16 Facilities in Eight States

ORLANDO, Fla., June 23, 2008 – Craneware, Inc., a recognized leader of solutions that improve the financial performance of healthcare organizations, today announced that Newtown Square, Pa.-based Catholic Health East has purchased its Chargemaster Toolkit® suite of products for use at the system’s headquarters and 16 acute-care facilities in eight states.

“Craneware will help us design and implement a sustainable CDM maintenance process that is automated and will better support our ministry hospitals. It will promote a clear understanding of accountabilities across all stakeholders within the Catholic Health East system,” said Peter DeAngelis, Jr., FHFMA, CPA, chief financial officer for Catholic Health East.

The multi-institutional Catholic health system will use a number of Craneware’s products and services including:

  • Chargemaster Corporate Toolkit® to centrally manage the charge description master (CDM) for its facilities;
  • Chargemaster Toolkit to locally manage the CDM at each facility;
  • Online Reference Toolkit® to research the latest coding regulations and changes;
  • Interface Scripting Module to automatically upload CDM changes to Catholic Health East’s Siemens and Meditech patient financial systems;
  • Bill Analyzer to optimize charge capture performance; and
  • Pharmacy ChargeLink® to ensure that facility-dispensed medications are billed accurately and appropriately.

Catholic Health East will also utilize the Craneware Business Solutions Group services to develop system standard, policies, and procedures to assure consistent charge capture, billing and pricing methods across the enterprise. This partnership will ensure that the software is implemented using a best-practice approach so that the system reaps the maximum benefits from each application.

“We are honored that a prestigious system like Catholic Health East has placed such a high level of confidence in our ability to achieve accurate reimbursement, support compliance, and bring efficiencies to their daily operations,” said Jim Wilson, president of Craneware, Inc.

About Catholic Health East

Catholic Health East is a multi-institutional Catholic health system, which is co-sponsored by 10 religious congregations, and Hope Ministries, a Public Juridic Person within Catholic Health East. Based in Newtown Square, Pa., the System provides the means to ensure the continuation of the Catholic identity and operational strength of the sponsors’ health ministries, which are located within 11 eastern states from Maine to Florida. In addition to acute care hospitals, the system includes four long-term acute care hospitals, 36 freestanding and hospital-based long-term care facilities, 12 assisted living facilities, five continuing care retirement communities, eight behavioral health and rehabilitation facilities, 25 home health/hospice agencies, and numerous ambulatory and community-based health services. Catholic Health East facilities employ approximately 50,000 full-time employees as partners in ministry. Visit www.che.org

About Craneware

Craneware partners with healthcare organizations 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 allow those organizations to optimize reimbursement, improve operational efficiency, and support compliance. Visit www.craneware.com