ATLANTA, October 28, 2014 – Craneware, Inc., the healthcare market leader in automated revenue integrity solutions, today announced it was selected to co-present alongside California-based NorthBay Healthcare (NorthBay), its client, at the 2014 Healthcare Financial Management Association’s (HFMA) MAP Event, which is focused on revenue cycle excellence. NorthBay and Craneware presenters will describe the hospital’s modern charge-process that uses a revenue integrity approach and automation to optimize operational efficiency, reimbursement and compliance.
NorthBay’s Senior Analyst CDM Paul Zosa, and Craneware’s Business Solutions Consultant Katharine Plemmons, MHA, will lead the presentation, “Charge Capture Best Practices to Ensure Compliance and Improve Financial Performance.” The presenters will share strategies used to address disconnects and support revenue cycle knowledge across common department silos to establish an effective charge-integrity process resulting in both revenue and operational improvements. The presentation will be held in Las Vegas on Monday, November 3, from 7 a.m. to 8 a.m. PST.
“Craneware recently surveyed healthcare financial professionals about their top priorities and 40 percent of respondents said improving charge capture processes was their primary focus,” said Keith Neilson, Craneware CEO. “The HFMA MAP Keys provide a benchmark for many aspects of revenue cycle performance, and the MAP event brings together innovative organizations from across the country to share best practices for meeting these metrics and ultimately achieving revenue integrity. We’re honored to present alongside our client, NorthBay, and share their revenue integrity journey.”
Five Craneware products have met specific criteria developed under the HFMA Peer Review Process, earning the “Peer Reviewed by HFMA®” standard for ten consecutive years.* These products include Chargemaster Toolkit®, Chargemaster Corporate Toolkit®, Online Reference Toolkit®, Bill Analyzer and Interface Scripting Module. (*HFMA does not endorse or guarantee the use of these products).”
With more than 40,000 members, the Healthcare Financial Management Association (HFMA) is the nation’s premier membership organization for healthcare finance leaders. HFMA builds and supports coalitions with other healthcare associations and industry groups to achieve consensus on solutions for the challenges the U.S. healthcare system faces today. Working with a broad cross-section of stakeholders, HFMA identifies gaps throughout the healthcare delivery system and bridges them through the establishment and sharing of knowledge and best practices. We help healthcare stakeholders achieve optimal results by creating and providing education, analysis, and practical tools and solutions. Our mission is to lead the financial management of healthcare. www.hfma.org.
About NorthBay Healthcare
NorthBay Healthcare is a not-for-profit, community provider organization serving the residents of Solano County, California. It has a 50-year tradition of providing hospital and community services that are offered by no other health care provider in the region. From emergency care to surgery and specialty services, thousands of people in Solano County rely on NorthBay Healthcare for advanced and compassionate medical care. NorthBay Medical Center was the first hospital in Solano County to achieve distinction as a verified a Level II trauma center by the American College of Surgeons, assuring that critically injured patients the highest level of trauma care available outside of a university medical center. For more information visit: www.northbay.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.
*Craneware’s Chargemaster Toolkit® is ranked No. 1 in the Revenue Cycle – Chargemaster Management market category for the eighth year in a row (2006 – 2013), and Bill Analyzer is ranked No. 1 in the Revenue Cycle – Charge Capture market category the third year in a row (2011 – 2013 ) in the “2013 Best in KLAS Awards: Software & Services” report, published January 2014. Data© 2014 KLAS Enterprises, LLC. All rights reserved. www.KLASresearch.com.