ATLANTA, June 11, 2014 – As U.S. healthcare organizations face increasing pressure to lower costs and manage risk, many are challenged with the ability to accurately track and capture charges, especially with continually changing charge rules and regulations. To help hospitals and health systems develop best practices for accurate charging, Craneware, Inc., the healthcare market leader in automated revenue integrity solutions, today announced its selection to present alongside its client, Centura Health, a 15-hospital system based in Colorado and western Kansas, at the Healthcare Financial Management Association’s 2014 National Institute (HFMA ANI).
Centura Health’s Director of Revenue Integrity Daniel Young and Craneware’s Vice President of Professional Services Michael Najera will lead a presentation titled, “Charge Capture Standardization Best Practices,” on June 24 from 3:30 p.m. to 4:45 p.m. PST in Las Vegas. During the session, Young and Najera will describe the best practices Centura implemented to standardize charging across diverse facilities, create a sustainable charge capture workflow, establish a performance improvement process, bridge gaps that exist between expenses and revenue, and minimize denial and audit management risks.
“In today’s fast-changing industry, health systems need to consistently validate that their charge capture is complete, correct and compliant with requirements. The use of current processes and automated chargemaster management tools is essential to achieve revenue integrity,” said Keith Neilson, Craneware CEO. “The fact that we were selected to present with Centura Health on this subject highlights the critical need for hospitals to implement enterprise-wide, automated charge capture processes.”
“Using automation to support an effective charge capture process helps us to more efficiently ensure its accuracy and completeness, allowing us to focus on what matters most—our patients and people,” said Daniel Young, Director of Revenue Integrity at Centura Health. “I’m looking forward to sharing this story with an audience of my peers and hope that these healthcare professionals can take a few of the lessons we’ve learned at Centura and bring them back to their own organizations.”
Craneware Revenue Integrity Solutions® span four product families: Supply Management, Audit & Revenue Recovery, Revenue Cycle, and Access Management & Strategic Pricing. To learn more about how hospitals and health systems can proactively ensure their revenue integrity, request a meeting or visit Craneware‘s booth #427 during HFMA ANI 2014 June 22-25.
HFMA is the nation’s leading membership organization for healthcare financial management executives and leaders. More than 40,000 members-ranging from CFOs to controllers to accountants-consider HFMA a respected thought leader on top trends and issues facing the healthcare industry. HFMA members can be found in all areas of the healthcare system, including hospitals, managed care organizations, physician practices, accounting firms, and insurance companies.
About Centura Health
Centura Health connects individuals, families and neighborhoods across Colorado and western Kansas with more than 6,000 physicians and 17,100 of the best hearts and minds in health care. Through our 15 hospitals, six senior living communities, health neighborhoods, physician practices and clinics, home care and hospice services, and Flight For Life® Colorado, we are making the region’s best health care accessible and affordable in every community we serve. We believe you can inspire the people you care about to live healthier lives by encouraging them to do the little things that can make a big difference. We’re Centura Health, and we’re here for your health. For information about Centura Health or any of the facilities in our network, please visit www.centura.org.
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.