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).
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.
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.
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.