CRW Craneware Plc

    RNS Number : 3708X
  Craneware plc
  24 June 2008
   


    Craneware plc
    ("Craneware" or the "Company")

    Contract Win

    Craneware signs contract with Catholic Health East for 16 acute-care hospitals 


    24 June 2008 - Craneware plc, (AIM: CRW) a leader in revenue cycle management software solutions for the US healthcare market, has
signed a contract with Catholic Health East, Newtown Square, Pa., for the delivery of Craneware's Chargemaster Toolkit� suite and the newly
launched Pharmacy ChargeLink* product. 

    Craneware's software and services will be rolled-out across the hospital system, replacing an incumbent provider, through Fiscal 2009.
As per Craneware's revenue recognition policy, the majority of revenues derived from these contracts will be recognised in Craneware's
fiscal years FY09, FY10, FY11, FY12 & FY13. They will therefore not have a material impact on the current financial year's revenues due to
finish on 30 June 2008.

    Keith Neilson, CEO of Craneware plc, commented, "We are delighted to have been selected by Catholic Health East as their provider of
revenue cycle management software, replacing one of our competitors. This is a great endorsement of the scalability and quality of our
software and operations and a strong end to our first year as a public company." 

    For further information, please contact:

 Craneware plc         KBC Peel Hunt        ICIS    
 +44 (0)1506 407 666   +44 (0)20 7418 8900  +44 (0)20 7651 8688
 Keith Neilson, CEO    Oliver Scott         Tom Moriarty
 Sandy McDougall, CFO  Deon Veldtman        Caroline Evans-Jones


    About Craneware
    Founded in 1999, Craneware has headquarters in Livingston, Scotland, with offices in Florida, Arizona and Kansas, employing over 100
staff. Craneware's products, which include the Company's flagship, Chargemaster Toolkit�, assist US healthcare providers in reducing billing
errors, ensuring the timely and accurate submission of claims and managing compliance risk. More information about Craneware plc and its
services can be found on-line at the Company's corporate website, www.craneware.com


    About Catholic Health East
    Catholic Health East is a multi-institutional Catholic health system, which is co-sponsored by 10 religious congregations, and Hope
Ministries, a Public Juridic Person within Catholic Health East. Based in Newtown Square, Pa., the System provides the means to ensure the
continuation of the Catholic identity and operational strength of the sponsors' health ministries, which are located within 11 eastern
states from Maine to Florida. In addition to acute care hospitals, the system includes four long-term acute care hospitals, 36 freestanding
and hospital-based long-term care facilities, 12 assisted living facilities, five continuing care retirement communities, eight behavioral
health and rehabilitation facilities, 25 home health/hospice agencies, and numerous ambulatory and community-based health services. Catholic
Health East facilities employ approximately 50,000 full-time employees as partners in ministry. Visit www.che.org 

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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