ATLANTA, April 22, 2015 – With healthcare consolidation on the rise, expanding healthcare organizations need a standardized charge management process to ensure consistency with the corporate standard, and to improve efficiency across all locations. Today Craneware, Inc., the healthcare market leader in automated revenue integrity solutions, announced new capabilities in its corporate chargemaster management solution, Chargemaster Corporate Toolkit®. The new features deepen the solution’s enterprise functionality to help provider organizations achieve revenue integrity across multiple facilities and departments.
Some of the new enterprise-class features of Chargemaster Corporate Toolkit announced today include:
- A single consolidated view of chargemaster management efforts across the organization and the ability to quickly identify and resolve inconsistencies at the corporate, facility and department levels
- Streamlined functionality for pushing corporate chargemaster changes to facilities within the hospital system and keeping them synchronized, increasing efficiency and enforcing corporate standards
- Integrated with Craneware’s advanced workflow functionality to provide flexibility and control over the chargemaster maintenance process
“With the growth of healthcare organizations through mergers and acquisitions, there is an increasing need for chargemaster standardization and control across hospital systems,” said Keith Neilson, Craneware CEO. “These new features will give healthcare leaders a comprehensive view of their business processes and improved tools to manage efficiently.”
Chargemaster Corporate Toolkit®, a version of Chargemaster Toolkit® (ranked number one in the KLAS Revenue Cycle – Chargemaster Management market category for the past nine years), enables large provider organizations to more efficiently and consistently manage their charges across multiple departments, facilities, regions and disparate patient accounting systems. Chargemaster Corporate Toolkit works seamlessly with multi-facility organizations to develop and maintain a customized corporate chargemaster standard and ensure synchronization to that standard across the enterprise. The solution is packaged with Craneware’s Online Reference Toolkit, a browser-based tool that provides instant access to the most current clinical, financial, coding, and regulatory information.
To learn more about how hospitals and health systems can proactively achieve revenue integrity through improved chargemaster management, visit craneware.com.
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 helps customers optimize reimbursement, increase operational efficiency, minimize compliance risk, and retain more earned revenue. By partnering with Craneware, clients achieve the visibility required to identify, address and prevent revenue leakage. To learn more, visit craneware.com.