CRW Craneware Plc

 

TIDMCRW 
 
RNS Number : 6441Z 
Craneware plc 
25 September 2009 
 

Craneware plc 
("Craneware" or the "Company") 
 
 
CONTRACT WIN 
 
 
25 September 2009 - Craneware plc (AIM: CRW), a leader in financial improvement 
software solutions for the US healthcare market, is pleased to announce the 
signing of a significant contract for the supply of Craneware's Revenue Cycle 
products to one of the largest not-for-profit health plans in the US. 
Head-quartered in California, the organisation comprises 31 hospitals and 15,000 
physicians across the US. 
 
 
Craneware's Chargemaster Toolkit  will be utilised by the organisation across 
its member hospitals to reducing billing errors, ensure the timely and accurate 
submission of claims and manage compliance risk. The Company's revenue 
recognition policy means that whilst implementation is scheduled in the current 
financial year, the full impact of the revenue will be seen from FY11 onwards. 
 
 
Keith Neilson, CEO of Craneware, commented, "We are delighted to have secured 
such a significant multi-year contract in the first quarter of our new financial 
year. This contract with one of the leading healthcare organisations in the US, 
won following a competitive tendering process, underlines our market-leading 
position and further endorses the quality of our software and customer support. 
Additionally, the long-term nature of the contract adds to our significant 
amount of future revenue under contract, giving us a high-level of confidence in 
the ongoing growth of Craneware." 
 
 
For further information, please contact: 
 
 
+--------------------+--------------------+--------------------+ 
| Craneware plc      | KBC Peel Hunt      | ICIS               | 
+--------------------+--------------------+--------------------+ 
| +44 (0)1506 407    | +44 (0)20 7418     | +44 (0)20 7651     | 
| 666                | 8900               | 8688               | 
+--------------------+--------------------+--------------------+ 
| Keith Neilson, CEO | Jonathan Marren    | Caroline           | 
|                    |                    | Evans-Jones        | 
+--------------------+--------------------+--------------------+ 
| Craig Preston, CFO | Richard Kauffer    | Fiona Conroy       | 
+--------------------+--------------------+--------------------+ 
 
 
 
 
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 sustainable 
financial and operational performance improvements using market-led revenue 
management solutions. By enhancing revenue capture processes, Craneware SaaS 
solutions allow those organisations to optimise reimbursement, improve 
operational efficiency, and support compliance. 
 
 
For further information please visit craneware.com 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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