Trading Update & Notice of Results (0018A)
25 Gennaio 2011 - 8:00AM
UK Regulatory
TIDMCRW
RNS Number : 0018A
Craneware plc
25 January 2011
Craneware plc
("Craneware" or the "Company")
Trading Update and Notice of Results
25 January 2011 - Craneware plc (AIM: CRW.L; OTC: CRWRY), the
market leader in automated revenue integrity solutions for the US
healthcare market, is pleased to give an update on trading for the
six month period ended 31 December 2010.
In line with expectations, revenue is expected to have grown by
approximately 24% (H1 Dec '09: $13.3m), while adjusted profit
(before share based payments, depreciation and amortisation) is
expected to show growth of approximately 35% (H1 Dec '09:
$3.3m).
Craneware will be announcing its Interim Results on Monday, 28
February 2011.
Keith Neilson, CEO of Craneware commented, "With the launch and
first sale of our latest new product, Value Based Pricing Analyzer,
and the announcement that Craneware was named the number one
product supplier in the Chargemaster area for the fifth year
running, we have further demonstrated our desire to innovate and
continue to lead the Automated Revenue Integrity market in the
US.
"At a time when there is much uncertainty around the direction
of Healthcare reform in the US, Craneware provides tangible value
to its customers who are faced with the ever harder task of
providing higher quality healthcare for a large patient population
at a more cost effective price. By supporting customers in their
need to improve their financial operations and compliance
requirements through our best-of-breed integrated software
solutions, Craneware believes it can make a meaningful impact on
the ability of its customers to care for their patients.
"We are confident of a successful outcome to the year and the
ongoing success of Craneware."
For further information, please contact:
Craneware plc Peel Hunt Threadneedle Communications
+44 (0)1506 407 +44 (0)20 7418
666 8900 +44 (0)20 7653 9850
Keith Neilson, Dan Webster Caroline Evans-Jones
CEO
Craig Preston, Richard Kauffer Fiona Conroy
CFO
About Craneware
Founded in 1999, Craneware has headquarters in Livingston,
Scotland with offices in Atlanta and Arizona, employing over 150
staff. Craneware is the leader in automated revenue integrity
solutions that improve financial performance and mitigate risk for
healthcare organisations. Craneware's market-driven, annuity SaaS
solutions help hospitals and other healthcare providers more
effectively price, charge and code for services and supplies
associated with patient care. These optimise reimbursement,
increase operational efficiency and minimise compliance risk. By
partnering with Craneware, clients achieve the visibility required
to identify, address and prevent revenue leakage. To learn more
visit craneware.com & www.stoptheleakage.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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