Craneware and Intermountain to Share Best Practices for Revenue Integrity Strategy at 2013 HFMA MAP Event
ATLANTA, October 8, 2013 – With the pace of change in the healthcare industry continuing to accelerate, hospitals are striving to deliver quality care at sustainable costs. Revenue integrity – the achievement of operational efficiency, compliance and legitimate reimbursement – is a key to achieving this goal. One hospital system successfully implementing a revenue integrity strategy is Intermountain Healthcare, an internationally recognized system of 23 not-for-profit hospitals based in Salt Lake City. Craneware, Inc., the market leader in automated revenue integrity solutions, today announced it will present alongside Intermountain at the 2013 MAP Event, the Healthcare Financial Management Association’s (HFMA) annual revenue cycle conference for provider organizations.
Todd Craghead, Vice President of Revenue Cycle at Intermountain, and Jolene Howard, Craneware business solutions consultant, will lead a presentation titled, “Structuring Multidisciplinary Teams for Revenue Cycle Improvement,” on Monday, October 28 from 7:15-8:30 a.m. EST in Fort Lauderdale, Fla. During the session, Intermountain will detail its five-part strategy for improving enterprise-wide revenue integrity. Intermountain’s process included: building a multidisciplinary team with department-specific representatives, providing ongoing education and training on best practices, leveraging technology, and establishing a proactive system for ensuring data alignment. Presenters will relate the results of their initiative to the HFMA MAP Keys which serve as unbiased indicators that can be used to accurately measure revenue cycle performance.
“For healthcare organizations today, financial success requires more than just cost reduction and defensive strategies. Instead, organizations need to proactively implement revenue cycle strategies and process improvements to achieve revenue integrity,” said Keith Neilson, Craneware CEO. “Intermountain is a great example of how a consistent, proactive revenue integrity program can achieve results. It is a privilege to present alongside our client Intermountain as they share their success with the HFMA community.”
Craneware’s Chargemaster Toolkit®, Chargemaster Corporate Toolkit®, Online Reference Toolkit®, Bill Analyzer and Interface Scripting Module products have met specific criteria developed under the HFMA Peer Review Process earning the Peer Reviewed by HFMA® standard. (*HFMA does not endorse or guarantee the use of these products).
About HFMA
The Healthcare Financial Management Association (HFMA) provides the resources healthcare organizations need to achieve sound fiscal health in order to provide excellent patient care. With more than 37,000 members, HFMA is the nation’s leading membership organization of healthcare finance executives and leaders. HFMA helps its members achieve results by providing education, analysis, and guidance, and creating practical tools and solutions that optimize financial management. The organization is a respected and innovative thought leader on top trends and challenges facing the healthcare finance industry.
About Intermountain
Intermountain Healthcare is an internationally recognized, nonprofit system of 23 hospitals, a Medical Group with more than 185 physician clinics, and an affiliated health insurance company, SelectHealth. Our 33,000 employees serve patients and plan members in Utah and southeastern Idaho. Whether you need a flu vaccination or the latest in cancer treatment, we offer a full range of services, from urgent care to home care to the region’s most advanced trauma centers. Providing excellent care of the highest quality at an affordable cost is at the heart of our mission.
About Craneware
Craneware (AIM: CRW.L) is the leader in automated revenue integrity solutions that improve financial performance for healthcare organizations. Craneware’s market-driven, SaaS solutions help hospitals and other healthcare providers more effectively price, charge, code and retain earned revenue for patient care services and supplies. This optimizes reimbursement, increases operational efficiency and minimizes compliance risk. By partnering with Craneware, clients achieve the visibility required to identify, address and prevent revenue leakage. To learn more, visit craneware.com.
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WP_Query Object ( [query] => Array ( [posts_per_page] => 1 [cat] => 6 [paged] => 1 [post__not_in] => Array ( [0] => 240 ) ) [query_vars] => Array ( [posts_per_page] => 1 [cat] => 6 [paged] => 1 [post__not_in] => Array ( [0] => 240 ) [error] => [m] => [p] => 0 [post_parent] => [subpost] => [subpost_id] => [attachment] => [attachment_id] => 0 [name] => [static] => [pagename] => [page_id] => 0 [second] => [minute] => [hour] => [day] => 0 [monthnum] => 0 [year] => 0 [w] => 0 [category_name] => press-releases [tag] => [tag_id] => [author] => [author_name] => [feed] => [tb] => [meta_key] => [meta_value] => [preview] => [s] => [sentence] => [title] => [fields] => [menu_order] => [embed] => [category__in] => Array ( ) [category__not_in] => Array ( ) [category__and] => Array ( ) [post__in] => Array ( ) [post_name__in] => Array ( ) [tag__in] => Array ( ) [tag__not_in] => Array ( ) [tag__and] => Array ( ) [tag_slug__in] => Array ( ) [tag_slug__and] => Array ( ) [post_parent__in] => Array ( ) [post_parent__not_in] => Array ( ) [author__in] => Array ( ) [author__not_in] => Array ( ) [ignore_sticky_posts] => [suppress_filters] => [cache_results] => 1 [update_post_term_cache] => 1 [lazy_load_term_meta] => 1 [update_post_meta_cache] => 1 [post_type] => [nopaging] => [comments_per_page] => 50 [no_found_rows] => [order] => DESC ) [tax_query] => WP_Tax_Query Object ( [queries] => Array ( [0] => Array ( [taxonomy] => category [terms] => Array ( [0] => 6 ) [field] => term_id [operator] => IN [include_children] => 1 ) ) [relation] => AND [table_aliases:protected] => Array ( [0] => wp_term_relationships ) [queried_terms] => Array ( [category] => Array ( [terms] => Array ( [0] => 6 ) [field] => term_id ) ) [primary_table] => wp_posts [primary_id_column] => ID ) [meta_query] => WP_Meta_Query Object ( [queries] => Array ( ) [relation] => [meta_table] => [meta_id_column] => [primary_table] => [primary_id_column] => [table_aliases:protected] => Array ( ) [clauses:protected] => Array ( ) [has_or_relation:protected] => ) [date_query] => [request] => SELECT SQL_CALC_FOUND_ROWS wp_posts.ID FROM wp_posts LEFT JOIN wp_term_relationships ON (wp_posts.ID = wp_term_relationships.object_id) WHERE 1=1 AND wp_posts.ID NOT IN (240) AND ( wp_term_relationships.term_taxonomy_id IN (6) ) AND wp_posts.post_type = 'post' AND (wp_posts.post_status = 'publish' OR wp_posts.post_status = 'acf-disabled') GROUP BY wp_posts.ID ORDER BY wp_posts.post_date DESC LIMIT 0, 1 [posts] => Array ( [0] => WP_Post Object ( [ID] => 205741 [post_author] => 2 [post_date] => 2019-01-31 12:59:27 [post_date_gmt] => 2019-01-31 12:59:27 [post_content] => [et_pb_section bb_built="1" next_background_color="#e6eaee" _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"]ATLANTA, January 31, 2019 – Craneware (AIM: CRW.L), the healthcare market leader in automated value cycle solutions, today announced it has once again achieved the “Peer Reviewed by HFMA” designation for its Chargemaster Toolkit product.
The program’s initial survey consists of a rigorous 11-step, high-level screening process by a peer review panel consisting of current customers, prospects who have not made a purchase, and expert HFMA Peer Review members. Participants provided comments on a variety of criteria, including willingness to recommend to colleagues; enhanced productivity; smoothness of implementation; data accuracy; ease of installation; quality of sales staff; ease of use; value; and quality of technical support.
As healthcare providers evolve beyond traditional revenue cycle management to value-based economics, more than 1,500 U.S. hospitals and health systems rely on Chargemaster Toolkit to:
- optimize reimbursement by identifying chargemaster incompleteness and inaccuracy;
- increase operational efficiency by automating chargemaster management;
- manage workflow based on the organization’s change-validation control processes; and
- track interdepartmental routing, approvals, and communication to provide an accurate audit trail.
“Since Craneware introduced the industry’s first effective chargemaster management solution for U.S. healthcare in 1999, our commitment to the U.S healthcare financial industry has never wavered,” said CMO Mark Montgomery for Craneware. “Recognitions like this from such a well-respected organization as HFMA further demonstrates that Chargemaster Toolkit is the leading solution for organizations who are looking to prevent earned revenue loss.”
Craneware customers recently commented on their partnership with the company:
“We’re actually pitching Craneware to the larger health system that we just joined with because it is … It’s so easy to use.”
Heather Ryan, Financial Data Coordinator
“I felt like I developed a loyalty fairly quickly and it was based on just really good open, honest people with a lot of integrity that I was dealing with at Craneware.”
Helen Haas, MHA, Manager of Strategic Pricing & CDM
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 for 12 of the past 13 years and is part of our value cycle management suite, which includes Charge Capture & Strategic Pricing, Patient Engagement, Claims Analytics, Revenue Recovery & and Retention, Cost & Margin Analytics solutions. Learn more at craneware.com.
###
Craneware Media Contact:
404-364-2150
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[/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section] [post_title] => Chargemaster Toolkit® Completes Rigorous Review to Once Again Achieve “Peer Reviewed by HFMA®” Designation [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => open [post_password] => [post_name] => chargemaster-toolkit-completes-rigorous-review-to-once-again-achieve-peer-reviewed-by-hfma-designation [to_ping] => [pinged] => [post_modified] => 2019-01-31 12:59:27 [post_modified_gmt] => 2019-01-31 12:59:27 [post_content_filtered] => [post_parent] => 0 [guid] => https://public.craneware.com/?p=205741 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) ) [post_count] => 1 [current_post] => -1 [in_the_loop] => [post] => WP_Post Object ( [ID] => 205741 [post_author] => 2 [post_date] => 2019-01-31 12:59:27 [post_date_gmt] => 2019-01-31 12:59:27 [post_content] => [et_pb_section bb_built="1" next_background_color="#e6eaee" _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"]
ATLANTA, January 31, 2019 – Craneware (AIM: CRW.L), the healthcare market leader in automated value cycle solutions, today announced it has once again achieved the “Peer Reviewed by HFMA” designation for its Chargemaster Toolkit product.
The program’s initial survey consists of a rigorous 11-step, high-level screening process by a peer review panel consisting of current customers, prospects who have not made a purchase, and expert HFMA Peer Review members. Participants provided comments on a variety of criteria, including willingness to recommend to colleagues; enhanced productivity; smoothness of implementation; data accuracy; ease of installation; quality of sales staff; ease of use; value; and quality of technical support.
As healthcare providers evolve beyond traditional revenue cycle management to value-based economics, more than 1,500 U.S. hospitals and health systems rely on Chargemaster Toolkit to:
- optimize reimbursement by identifying chargemaster incompleteness and inaccuracy;
- increase operational efficiency by automating chargemaster management;
- manage workflow based on the organization’s change-validation control processes; and
- track interdepartmental routing, approvals, and communication to provide an accurate audit trail.
“Since Craneware introduced the industry’s first effective chargemaster management solution for U.S. healthcare in 1999, our commitment to the U.S healthcare financial industry has never wavered,” said CMO Mark Montgomery for Craneware. “Recognitions like this from such a well-respected organization as HFMA further demonstrates that Chargemaster Toolkit is the leading solution for organizations who are looking to prevent earned revenue loss.”
Craneware customers recently commented on their partnership with the company:
“We’re actually pitching Craneware to the larger health system that we just joined with because it is … It’s so easy to use.”
Heather Ryan, Financial Data Coordinator
“I felt like I developed a loyalty fairly quickly and it was based on just really good open, honest people with a lot of integrity that I was dealing with at Craneware.”
Helen Haas, MHA, Manager of Strategic Pricing & CDM
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 for 12 of the past 13 years and is part of our value cycle management suite, which includes Charge Capture & Strategic Pricing, Patient Engagement, Claims Analytics, Revenue Recovery & and Retention, Cost & Margin Analytics solutions. Learn more at craneware.com.
###
Craneware Media Contact:
404-364-2150
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[/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section] [post_title] => Chargemaster Toolkit® Completes Rigorous Review to Once Again Achieve “Peer Reviewed by HFMA®” Designation [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => open [post_password] => [post_name] => chargemaster-toolkit-completes-rigorous-review-to-once-again-achieve-peer-reviewed-by-hfma-designation [to_ping] => [pinged] => [post_modified] => 2019-01-31 12:59:27 [post_modified_gmt] => 2019-01-31 12:59:27 [post_content_filtered] => [post_parent] => 0 [guid] => https://public.craneware.com/?p=205741 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [comment_count] => 0 [current_comment] => -1 [found_posts] => 76 [max_num_pages] => 76 [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] => 5d7530f6ff95ea24f88d17745b8841d0 [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 ) )
Chargemaster Toolkit® Completes Rigorous Review to Once Again Achieve “Peer Reviewed by HFMA®” Designation
ATLANTA, January 31, 2019 – Craneware (AIM: CRW.L), the healthcare market leader in automated value cycle solutions, today announced it has once again achieved the “Peer Reviewed by HFMA” designation for its Chargemaster Toolkit...
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Craneware Academy is an award-winning online education program designed to help customers develop a deeper understanding of how the company’s products and services work while also providing world-class healthcare financial industry training to support ongoing education. Custom-developed courses are available for all user levels, from new employees to advanced users, and certifications can be achieved at identified milestones.
Craneware’s Customer Lifecycle Management program brings together data and the company’s passionate professionals to define and deliver value throughout the customer lifecycle. Consistent usage monitoring and involvement from Craneware staff when necessary is utilized to ensure objective measurement of customer adoption, success and value derived during the partnership.
The Craneware Value Cycle Excellence Awards were created to recognize outstanding customer adopters of Craneware solutions who are driving value cycle excellence, the full lifecycle of optimizing every opportunity to achieve the best outcome for the best cost. These organizations are evolving beyond traditional revenue cycle management to value-based economics – an understanding of the underlying pressures on margin and its correlation to patient outcomes.
“For the past 20 years, we have worked alongside our customers to tackle the financial challenges faced in an evolving healthcare industry,” said Karen Bowden, executive vice president customer management for Craneware. “These new programs provide the education, objective measurement of financial achievements and a future vision that will help our customers continue to deliver exceptional care for their communities.”
To learn more about how you can start your journey to value cycle success with Craneware, please visit this link.
About Craneware
Craneware (AIM: CRW.L), the leader in automated value cycle solutions, collaborates with U.S. healthcare providers to plan, execute and monitor value-based economic performance. 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 charge capture, strategic pricing, patient engagement, claims analytics, patient engagement, revenue recovery and retention, and cost and margin analytics solutions. Learn more at craneware.com.
###
Craneware Media Contact:
404-364-2150
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[/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section] [post_title] => Craneware Enhances Award-Winning Customer Experience with Innovative New Educational and Performance Improvement Programs [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => open [post_password] => [post_name] => craneware-enhances-award-winning-customer-experience-with-innovative-new-educational-and-performance-improvement-programs [to_ping] => [pinged] => [post_modified] => 2019-01-31 12:53:27 [post_modified_gmt] => 2019-01-31 12:53:27 [post_content_filtered] => [post_parent] => 0 [guid] => https://public.craneware.com/?p=205739 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) ) [post_count] => 1 [current_post] => -1 [in_the_loop] => [post] => WP_Post Object ( [ID] => 205739 [post_author] => 2 [post_date] => 2019-01-30 13:40:57 [post_date_gmt] => 2019-01-30 13:40:57 [post_content] => [et_pb_section bb_built="1" next_background_color="#e6eaee" _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"]
ATLANTA, January 30, 2019 – Craneware (AIM: CRW.L), the healthcare market leader in automated value cycle solutions, today announced several new programs to further enhance the partnership experience for its valued customers.
Craneware Academy is an award-winning online education program designed to help customers develop a deeper understanding of how the company’s products and services work while also providing world-class healthcare financial industry training to support ongoing education. Custom-developed courses are available for all user levels, from new employees to advanced users, and certifications can be achieved at identified milestones.
Craneware’s Customer Lifecycle Management program brings together data and the company’s passionate professionals to define and deliver value throughout the customer lifecycle. Consistent usage monitoring and involvement from Craneware staff when necessary is utilized to ensure objective measurement of customer adoption, success and value derived during the partnership.
The Craneware Value Cycle Excellence Awards were created to recognize outstanding customer adopters of Craneware solutions who are driving value cycle excellence, the full lifecycle of optimizing every opportunity to achieve the best outcome for the best cost. These organizations are evolving beyond traditional revenue cycle management to value-based economics – an understanding of the underlying pressures on margin and its correlation to patient outcomes.
“For the past 20 years, we have worked alongside our customers to tackle the financial challenges faced in an evolving healthcare industry,” said Karen Bowden, executive vice president customer management for Craneware. “These new programs provide the education, objective measurement of financial achievements and a future vision that will help our customers continue to deliver exceptional care for their communities.”
To learn more about how you can start your journey to value cycle success with Craneware, please visit this link.
About Craneware
Craneware (AIM: CRW.L), the leader in automated value cycle solutions, collaborates with U.S. healthcare providers to plan, execute and monitor value-based economic performance. 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 charge capture, strategic pricing, patient engagement, claims analytics, patient engagement, revenue recovery and retention, and cost and margin analytics solutions. Learn more at craneware.com.
###
Craneware Media Contact:
404-364-2150
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[/et_pb_button][/et_pb_column][/et_pb_row][/et_pb_section] [post_title] => Craneware Enhances Award-Winning Customer Experience with Innovative New Educational and Performance Improvement Programs [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => open [post_password] => [post_name] => craneware-enhances-award-winning-customer-experience-with-innovative-new-educational-and-performance-improvement-programs [to_ping] => [pinged] => [post_modified] => 2019-01-31 12:53:27 [post_modified_gmt] => 2019-01-31 12:53:27 [post_content_filtered] => [post_parent] => 0 [guid] => https://public.craneware.com/?p=205739 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) [comment_count] => 0 [current_comment] => -1 [found_posts] => 76 [max_num_pages] => 76 [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] => f547d7e8d1b72571bf98fa318ca5260a [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 ) )
Craneware Enhances Award-Winning Customer Experience with Innovative New Educational and Performance Improvement Programs
ATLANTA, January 30, 2019 – Craneware (AIM: CRW.L), the healthcare market leader in automated value cycle solutions, today announced several new programs to further enhance the partnership experience for its valued customers. Craneware...
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As the healthcare industry evolves beyond traditional, “old-school” revenue cycle management and towards value-based economics, outcomes are increasingly evaluated on both cost and quality of care. The importance of understanding cost at a patient level across the hospital or health system, department and medical condition is essential to detecting waste and cost saving opportunities – especially when negotiating with payors.
Trisus Healthcare Intelligence is a patient cost and margin analytics decision support solution that integrates revenue, cost, clinical and hospital operational information for each patient encounter. This information is used to shed light on how individual process variations made by physicians produce different profit margins by medical condition. Armed with these insights, hospitals and health systems can drive process improvements that maximize both clinical and financial outcomes.
“In any industry, successful organizations are those that know their processes and determine their true costs and control them,” said Pietro Ferrara, senior vice president healthcare analytics for Craneware Healthcare Intelligence. “THI is a cloud-based solution that introduces innovative and disruptive cost management techniques into healthcare, and we feel this is a truly game-changing approach to activity-based costing for the industry.”
During EHR system implementations, conversions and upgrades, or when bringing new facilities into a healthcare system, revenue cycle teams are increasingly in need of guidance and expertise. One critical area of focus should be on reconciling the clinical system to the chargemaster, which ensures charges flow accurately from the point of order entry to the patient account. Craneware is uniquely qualified to assist in these areas as the company has more than a decade of experience successfully working with healthcare providers in various EHR environments.
Craneware Integration Services leverages a multi-faceted approach to help organizations create a sustainable culture of revenue integrity through the following:
- Project Management
- CDM Clean Up Prior to Go-Live
- CDM Standardization
- Clinical System to CDM Reconciliation
- Charge Capture Analysis
- Charge Testing and Validation
- Revenue Management
“For customers, our goal is to quickly get their organization not only back to baseline revenue levels, but to go beyond the baseline to achieve and sustain higher revenue with an EHR system,” said Elaine Dunn, DHA, RRT, RPSGT, CPCO, vice president systems integration for Craneware. “A key to achieving this is having Craneware experts onsite to provide what we like to call ‘at-the-elbow’ support.”
About Craneware
Craneware (AIM: CRW.L), the leader in automated value cycle solutions, collaborates with U.S. healthcare providers to plan, execute and monitor value-based economic performance. 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 charge capture, strategic pricing, patient engagement, claims analytics, patient engagement, revenue recovery and retention, and cost and margin 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 Showcases Cost and Margin Analytics, EHR Integration Services at HIMSS19 [post_excerpt] => Determining the true cost of patient care and navigating EHR system implementations, conversions and upgrades is the company’s focus at leading HIT Conference [post_status] => publish [comment_status] => closed [ping_status] => open [post_password] => [post_name] => craneware-showcases-cost-and-margin-analytics-ehr-integration-services-at-himss19 [to_ping] => [pinged] => [post_modified] => 2019-01-30 13:44:50 [post_modified_gmt] => 2019-01-30 13:44:50 [post_content_filtered] => [post_parent] => 0 [guid] => https://public.craneware.com/?p=205724 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 0 [filter] => raw ) ) [post_count] => 1 [current_post] => -1 [in_the_loop] => [post] => WP_Post Object ( [ID] => 205724 [post_author] => 2 [post_date] => 2019-01-23 14:57:38 [post_date_gmt] => 2019-01-23 14:57:38 [post_content] => [et_pb_section bb_built="1" next_background_color="#e6eaee" _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"]
ATLANTA, January 23, 2019 – Craneware (AIM: CRW.L), the healthcare market leader in automated value cycle solutions, today announced it will be demonstrating the value of its Trisus® Healthcare Intelligence (THI) solution and EHR Integration Services during HIMSS19, which takes place February 11-15 in in Orlando, Fla. Craneware will be part of the Georgia, USA booth (#4573).
As the healthcare industry evolves beyond traditional, “old-school” revenue cycle management and towards value-based economics, outcomes are increasingly evaluated on both cost and quality of care. The importance of understanding cost at a patient level across the hospital or health system, department and medical condition is essential to detecting waste and cost saving opportunities – especially when negotiating with payors.
Trisus Healthcare Intelligence is a patient cost and margin analytics decision support solution that integrates revenue, cost, clinical and hospital operational information for each patient encounter. This information is used to shed light on how individual process variations made by physicians produce different profit margins by medical condition. Armed with these insights, hospitals and health systems can drive process improvements that maximize both clinical and financial outcomes.
“In any industry, successful organizations are those that know their processes and determine their true costs and control them,” said Pietro Ferrara, senior vice president healthcare analytics for Craneware Healthcare Intelligence. “THI is a cloud-based solution that introduces innovative and disruptive cost management techniques into healthcare, and we feel this is a truly game-changing approach to activity-based costing for the industry.”
During EHR system implementations, conversions and upgrades, or when bringing new facilities into a healthcare system, revenue cycle teams are increasingly in need of guidance and expertise. One critical area of focus should be on reconciling the clinical system to the chargemaster, which ensures charges flow accurately from the point of order entry to the patient account. Craneware is uniquely qualified to assist in these areas as the company has more than a decade of experience successfully working with healthcare providers in various EHR environments.
Craneware Integration Services leverages a multi-faceted approach to help organizations create a sustainable culture of revenue integrity through the following:
- Project Management
- CDM Clean Up Prior to Go-Live
- CDM Standardization
- Clinical System to CDM Reconciliation
- Charge Capture Analysis
- Charge Testing and Validation
- Revenue Management
“For customers, our goal is to quickly get their organization not only back to baseline revenue levels, but to go beyond the baseline to achieve and sustain higher revenue with an EHR system,” said Elaine Dunn, DHA, RRT, RPSGT, CPCO, vice president systems integration for Craneware. “A key to achieving this is having Craneware experts onsite to provide what we like to call ‘at-the-elbow’ support.”
About Craneware
Craneware (AIM: CRW.L), the leader in automated value cycle solutions, collaborates with U.S. healthcare providers to plan, execute and monitor value-based economic performance. 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 charge capture, strategic pricing, patient engagement, claims analytics, patient engagement, revenue recovery and retention, and cost and margin analytics solutions. Learn more at craneware.com.
###
Craneware Media Contact:
b.parrish@craneware.com
You might also like...
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