CRW Craneware Plc

 

TIDMCRW 
 
 
Craneware plc 
14 April 2009 
 
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Craneware plc 
("Craneware" or the "Company") 
 
 
Craneware to Offer Financial Performance Solutions to Hospitals and Healthcare 
Providers through Premier, the Largest U.S. Healthcare Alliance 
 
 
14 April 2009 -  Craneware plc, (AIM: CRW.L), a leader in financial improvement 
software solutions for the US healthcare market, announces an agreement with 
Premier Purchasing Partners, LP, the group purchasing unit of Premier Inc. Under 
the agreement, Premier Purchasing Partners will introduce pre-negotiated pricing 
and terms for Craneware financial performance software and services to its more 
than 2,100 member and client hospitals and more than 54,000 other healthcare 
providers. By enhancing revenue capture processes, Craneware solutions allow 
clients to optimise reimbursement, improve operational efficiency and support 
compliance. 
 
 
Effective from the 1 April 2009, the 36-month agreement includes: Chargemaster 
Toolkit , the original solution for management of the Charge Description Master 
(CDM); Online Reference Toolkit , a Web-based tool for reducing risk by 
providing access to reference and regulatory resources; Bill Analyzer, software 
for identifying lost revenue in charge capture processes; Physician Revenue 
Toolkit , software for managing a physician group's charges, codes, RVUs, fee 
schedules, and related information; Patient Charge Estimator(TM), a tool for 
simplifying the processes of providing charge estimates; and Pharmacy 
ChargeLink(TM), a pharmacy supply application providing an automatic connection 
between a hospital's pharmaceutical purchasing and billing processes. 
 
 
"Premier is committed to providing our members with systems and solutions that 
improve quality, safety, manage risk and reduce costs," said Mike Alkire, 
president of Premier Purchasing Partners. 
 
 
"We're excited about our relationship with Premier and are glad to help Premier 
hospitals and healthcare organisation members realise the benefits of improved 
financial performance," said Craneware CEO Keith Neilson. "The entire hospital 
sector continues to be under enormous pressure around both reimbursement and 
costs. The ease of using Craneware solutions and the quick return-on-investment 
are extremely valuable to Premier members as they manage these cycles in such 
competitive times." 
 
 
The revenue cycle is so far-reaching that identifying opportunities and acting 
on them has always been a challenge for hospital administration. Continually 
changing regulations make it ever more complicated for clinical departments to 
code accurately and capture all charges. Automated revenue cycle solutions 
enable healthcare providers to readily identify and implement margin improvement 
initiatives in each phase of patient interaction. 
 
 
Craneware is celebrating its 10th anniversary this year. Since 1999, more than 
1,000 healthcare organisations, from small community hospitals to large health 
systems have chosen Craneware financial performance solutions.. 
 
 
For further information, please contact: 
 
 
+----------------------+--------------------+--------------------+ 
| Craneware plc        | KBC Peel Hunt      | ICIS               | 
+----------------------+--------------------+--------------------+ 
| +44 (0)1506 407 666  | +44 (0)20 7418     | +44 (0)20 7651     | 
|                      | 8900               | 8688               | 
+----------------------+--------------------+--------------------+ 
| Keith Neilson, CEO   | Jonathan Marren    | Caroline           | 
|                      |                    | Evans-Jones        | 
+----------------------+--------------------+--------------------+ 
| Craig Preston, CFO   | Richard Kauffer    | Mike Smith         | 
+----------------------+--------------------+--------------------+ 
 
 
About Craneware 
 
 
Founded in 1999, Craneware has headquarters in Livingston, Scotland, with 
offices in Florida, Arizona and Kansas, employing over 100 staff. Craneware is a 
recognised leader of solutions that improve the financial performance of US 
healthcare organisations. Craneware partners with healthcare organisations to 
improve returns, increase productivity and manage risk, driving better financial 
and operational performance using market-driven revenue management solutions. By 
enhancing revenue capture processes, Craneware solutions allow those 
organisations to optimise reimbursement, improve operational efficiency, and 
support compliance. 
 
About Premier Inc., 2006 Malcolm Baldrige National Quality Award recipient 
 
 The Premier healthcare alliance is more than 2,100 U.S. hospitals and 
54,000-plus other healthcare sites working together to improve healthcare 
quality and affordability. Premier maintains the nation's most comprehensive 
repository of clinical, financial and outcomes information and operates a 
leading healthcare purchasing network. A world leader in helping deliver 
measurable improvements in care, Premier works with the Centers for Medicare & 
Medicaid Services and the United Kingdom's National Health Service North West to 
improve hospital performance. Premier has offices in San Diego, Charlotte, N.C., 
Philadelphia and Washington. 
 
 
# # # 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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