ATLANTA, Feb. 13, 2012 /PRNewswire/ -- Amid the current
debate surrounding the Centers for Medicare & Medicaid Services
(CMS) proposed regulations regarding the development of Accountable
Care Organizations (ACO), many leaders in the healthcare industry
are looking to successful ACO and ACO-like initiatives for guidance
on best practices and critical success factors. At this year's
Healthcare Information and Management Systems Society (HIMSS)
Annual Conference and Exhibition, Craneware's clients, Todd Craghead, Vice President of the Revenue
Cycle at Intermountain Healthcare, and Dale
Sanders, CIO of the Cayman Islands Health Services Authority
(HSA), will share lessons learned from their organizations on how
to improve the business of healthcare through revenue integrity
workflow processes.
The presentation, "Implementing Sustainable Revenue Cycle
Workflows" will be held on Friday, February
24 at 10:00am – session 205,
and will highlight key areas for C-suite executives to emphasize
when working to improve an organization's operational efficiency
and financial performance. Todd
Craghead of Intermountain, the internationally-recognized
non-profit health system cited as a "bellwether in healthcare" by
President Obama, will speak alongside Dale
Sanders of the Cayman Islands HSA, a public healthcare
system comprised of two hospitals and six clinics with an insurance
company in the Cayman Islands.
These industry leaders will share their own unique experiences in
how improvements to revenue cycle management processes through
workflow technology can lay the foundation for success, regardless
of whether the organization participates in an ACO.
"Our main priority at Intermountain is to provide high-quality
yet cost-effective care to our community – goals that are
strategically very similar to ACO objectives," said Craghead.
"Based on our experience, organizations cannot achieve these
revenue integrity goals without effective collaboration and
automated technology to enhance compliance and improve charge
capture. I am pleased to have the opportunity to share my
experience with the HIMSS community alongside Dale Sanders and with the support of
Craneware."
"A little over two years ago, we started the journey towards
major healthcare reform in the Cayman
Islands, starting first with reforms to pricing, insurance
billing and the revenue cycle," said Dale
Sanders, CIO of the Cayman Islands Health Services Authority
(HSA). "Prior to this, the national system had 14 straight
years of eight-figure financial loss. The first two years of
the reform effort resulted in the first two years of profit in the
system's history. It's an amazing turnaround. We are
now implementing a point-of-care, real-time claims adjudication
system that will cut the overhead of coding and claims processing
by 60%. It's an honor for me to share this story of the
Cayman Islands as a national role
model for healthcare reform, particularly together with
Todd Craghead and Intermountain,
where I spent the first 10 years of my healthcare career. "
"The ACO movement has sharpened the healthcare industry's
attention to the importance of revenue integrity," said
Keith Neilson, Craneware CEO.
"Craneware is committed to helping healthcare organizations achieve
optimal, appropriate reimbursement, increased operational
efficiency, and compliance. It is gratifying to support our clients
as they share best practices for achieving revenue integrity with
the HIMSS community. We are glad Craneware software is a core
component of these customers' revenue integrity accomplishments,
normalizing data at the points where clinical information
transforms into revenue transactions, while creating visibility and
accountability for sustaining financial health."
Craneware, the market leader in automated revenue integrity
solutions, is deeply committed to promoting revenue integrity
within healthcare organizations. As part of these efforts Craneware
maintains its Revenue Integrity Round Table blog at
StoptheLeakage.com. Craneware invites all those in healthcare and
related fields join the more than 200 members already committed to
the movement to prevent revenue leakage by building a structure to
support optimal revenue integrity.
About Intermountain Healthcare
Intermountain Healthcare is a nonprofit system based in
Salt Lake City, Utah, with 23
hospitals, more than 185 clinics, a Medical Group with over 900
employed physicians; a health plans division called SelectHealth,
and other related health services. Intermountain is the
largest healthcare provider in the Intermountain West, with over
32,000 employees. They are widely recognized as a leader in
clinical quality and efficient healthcare delivery, having been
ranked 12 consecutive years in a row among America's top 100
integrated healthcare systems.
About Cayman Islands Health Services Authority
The Cayman Islands Health Services Authority provides
primary healthcare and public health services through the 124-bed
Cayman Islands Hospital (104 inpatient and 12 observation beds) and
the 18-bed Faith Hospital on Cayman Brac. Ancillary services are
offered at six district health centers, and clinics for dental and
eye care.
About Craneware
Craneware (AIM: CRW.L) is the leader in automated revenue
integrity solutions that improve financial performance for
healthcare organizations. Craneware's market-driven, SaaS solutions
help hospitals and other healthcare providers more effectively
price, charge, code and retain earned revenue for patient care
services and supplies. This optimizes reimbursement, increases
operational efficiency and minimizes compliance risk. By partnering
with Craneware, clients achieve the visibility required to
identify, address and prevent revenue leakage. To learn more, visit
craneware.com and stoptheleakage.com.
SOURCE Craneware