Atlanta, Ga.- February 22, 2010- Craneware, Inc. (AIM: CRW.L), the market leader in automated revenue integrity solutions that improve healthcare providers’ financial performance, announced today that the largest integrated healthcare system in New York State and winner of the 2010 NQF National Quality Healthcare Award, North Shore-LIJ Health System, has signed a multi-year contract for Craneware’s Chargemaster Corporate Toolkit®, Online Reference Toolkit® and Bill Analyzer. These solutions will empower the heath system to proactively manage their revenue cycle in accord with industry best practices for improved financial performance, operational efficiency and compliance. The health system will also benefit from Craneware’s Chargemaster Corporate Standardization Services and Charge Capture Performance Improvement Services.
“We took a long time evaluating the options open to us and chose Craneware based on the capabilities of its software and the company’s track record,” said Wendy Carnel, North Shore-LIJ’s vice president of patient financial services. “The Craneware software will enable us to better manage our system’s revenue cycles and further align our processes with industry best practices.
“In the current climate of healthcare reform, the most successful healthcare finance leaders are focused on making the process and information technology changes that will deliver more value to their organization for the services they provide,” commented Craneware CEO Keith Neilson. “We are pleased to provide New York State’s largest integrated health system with these Craneware Revenue Integrity Solutions(TM).”
Craneware solutions support transforming healthcare organizations’ revenue integrity processes. Revenue Integrity is an approach to revenue management that is focused on achieving optimal legitimate reimbursement, operational efficiency and compliance.
Craneware’s Chargemaster Corporate Standardization Services leverage the industry-wide project management experience of Craneware Professional Services to fast track corporate chargemaster standardization and ensure optimal maintenance processes.
Craneware’s Charge Capture Performance Improvement Services include analytic review of billing data to identify areas of highest financial risk, evaluate root causes of missing charges, and provide an action plan and customized process to improve charge capture that avoids additional staff resources and implements an expedited learning curve leading to a sustainable process for ongoing financial improvement.
