Craneware Showcases Cost and Margin Analytics, EHR Integration Services at HIMSS19
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.”
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.
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