CHICAGO, May 17, 2012 /PRNewswire/ -- The Healthcare
Financial Management Association (HFMA) today announced that,
following rigorous review, Craneware, Inc., a market leader in
automated revenue integrity solutions, has once again consistently
met the Peer Reviewed by HFMA® standard. HFMA recently reviewed
Craneware as part of the evaluation process necessary to maintain
Craneware Revenue Integrity Solutions'™ HFMA Peer Reviewed
designation.
Craneware Revenue Integrity Solutions™ span four product
families: Audit & Revenue Recovery, Revenue Cycle, Supply
Management, and Access Management & Strategic Pricing. Within
those four product families are the recently reviewed and Peer
Review designated products:
- Chargemaster Toolkit® automates chargemaster management
processes and workflows facilitating continual analysis of charge
data to identify problems in line items, coding mistakes, flawed
price positioning and compliance issues to help establish and
sustain revenue integrity.
- Chargemaster Corporate Toolkit® automates the creation
and maintenance of a corporate standard chargemaster, enabling
effective workflow for the continual analysis of charge data and
automated management of updates across the organization to help
optimize reimbursement, improve operational efficiency and support
compliance.
- Interface Scripting Module is software that
automatically uploads chargemaster changes to the patient
accounting system for accurate billing.
- Online Reference Toolkit® is a browser-based tool for
reducing risk by providing access to reference and regulatory
resources.
- Bill Analyzer is software that improves charge capture
processes by identifying lost revenue and categorizing areas of
risk resulting in cleaner, more compliant claims.
"HFMA's commitment to thought leadership and best practices for
financial executives in healthcare makes the organization's Peer
Reviewed status a gold standard that companies strive to achieve.
At Craneware, we place significant value on HFMA's endorsement and
see it as a clear indicator that our solutions have fulfilled our
customers' revenue integrity needs," said Craneware CEO,
Keith Neilson.
HFMA's Peer Review process is designed to provide healthcare
financial managers with an objective third-party evaluation of
products and services used in the healthcare workplace. The
rigorous, eleven-step process includes a panel review made up of
current customers, prospects who have not made a purchase, and
industry experts. Peer Review status of the product or service and
its performance claims are based on effectiveness, quality and
usability, price, value, and customer and technical support.
"We're pleased to have Craneware renew their HFMA Peer Reviewed
designation," says HFMA President and CEO Richard L. Clarke, DHA, FHFMA. "The HFMA Peer
Review process assures our members, through a rigorous evaluation,
that the reviewed product or service meets an objective third-party
evaluation that assesses overall effectiveness, quality, and
value."
About HFMA
The Healthcare Financial Management Association (HFMA) provides
the resources healthcare organizations need to achieve sound fiscal
health in order to provide excellent patient care. With more than
39,000 members, HFMA is the nation's leading membership
organization of healthcare finance executives and leaders. HFMA
helps its members achieve results by providing education, analysis,
and guidance, and creating practical tools and solutions that
optimize financial management. The organization is a respected and
innovative thought leader on top trends and challenges facing the
healthcare finance industry. From addressing capital access to
improved patient care to technology advancement, HFMA is an
indispensable resource on healthcare finance issues. hfma.org
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.
craneware.com
SOURCE Craneware