Reseller Agreement with Premier
21 Aprile 2010 - 8:00AM
UK Regulatory
TIDMCRW
RNS Number : 5102K
Craneware plc
21 April 2010
Craneware plc
("Craneware" or the "Company")
Reseller Agreement with Premier
Five year deal with a $15 million minimum sales value
21 April 2010-Craneware plc (AIM: CRW.L), the market leader in automated revenue
integrity solutions for the US healthcare market, is pleased to announce the
expansion of its relationship with the Premier healthcare alliance. The new deal
between Craneware and Premier is a five-year reseller agreement, with a minimum
value of $15 million. The Company's revenue recognition policy means that the
revenue derived from the agreement is expected to become meaningful in
Craneware's financial year beginning 1st July 2011.
Under the agreement, Premier will offer Craneware's Revenue Integrity
Solutions(TM) including Craneware's newest solution, Supplies ChargeLink(TM) to
its 2,300 not-for-profit hospital alliance members, providing them a way to
reduce revenue leakage, operate more efficiently and manage compliance. This is
an evolution of a three year agreement signed with Premier in April 2009.
"Premier recognizes that hospitals may have revenue leakage stemming from their
reimbursable supplies that is not addressed by existing technology solutions,"
said Wes Champion, Senior Vice President of Premier Consulting Solutions.
"Craneware's latest offering coupled with Premier Consulting Solutions will help
our members ensure the money they spend on drugs and chargeable supplies is
reimbursed, assisting them with managing costs and driving overall financial
improvement."
As part of the agreement, Craneware will also market Premier Consulting
Solutions(TM), which help hospitals reduce costs, increase margins and improve
quality. As a result, the partnership will provide an even stronger return on
investment for hospitals looking to increase cash flow and reduce compliance
risks.
Keith Neilson, CEO of Craneware commented, "Together, Craneware and Premier help
hospitals achieve financial stability, while reducing costs and compliance
risks. Premier's proven results and high-quality expertise complement
Craneware's industry-ranked revenue integrity solutions in a way that is
enabling U.S. healthcare providers to improve their financial performance. This
five-year commitment adds another layer of visibility onto our growing total of
future contracted revenues and gives us great confidence in our continued
momentum."
Today, more than 1,000 U.S. healthcare provider organizations use Craneware
solutions to proactively identify and prevent revenue leakage. Craneware's
Revenue Integrity Solutions consist of three product families: Revenue Cycle,
Strategic Pricing and Supply Management.
For further information, please contact:
+----------------+----------------+----------------+
| Craneware plc | KBC Peel Hunt | ICIS |
+----------------+----------------+----------------+
| +44 (0)1506 | +44 (0)20 7418 | +44 (0)20 7651 |
| 407 666 | 8900 | 8688 |
+----------------+----------------+----------------+
| Keith Neilson, | Jonathan | Caroline |
| CEO | Marren | Evans-Jones |
+----------------+----------------+----------------+
| Craig Preston, | Richard | Fiona Conroy |
| CFO | Kauffer | |
+----------------+----------------+----------------+
| | Dan Webster | |
+----------------+----------------+----------------+
About Premier Inc., 2006 Malcolm Baldrige National Quality Award recipient
The Premier healthcare alliance is more than 2,300 U.S. hospitals and
66,000-plus other healthcare sites working together to improve healthcare
quality and affordability. Owned by not-for-profit hospitals, 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. Headquartered in
Charlotte, N.C., Premier also has offices in San Diego, Philadelphia and
Washington. Follow Premier on Twitter.
About Craneware
Founded in 1999, Craneware has headquarters in Livingston, Scotland with offices
in Florida, Arizona and Kansas, employing over 130 staff. Craneware is the
leader in automated revenue integrity solutions that improve financial
performance for healthcare organisations. Craneware's market-driven, SaaS
solutions help hospitals and other healthcare providers more effectively price,
charge and code for services and supplies associated with patient care. This
optimises reimbursement, increases operational efficiency and minimises
compliance risk. By partnering with Craneware, clients achieve the visibility
required to identify, address and prevent revenue leakage. To learn more, visit
craneware.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGRLLFVRSFIIFII
Grafico Azioni Craneware (LSE:CRW)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Craneware (LSE:CRW)
Storico
Da Lug 2023 a Lug 2024
