ATLANTA, Oct. 1, 2012 /PRNewswire/ -- With the AMA
estimating that $777 million in
unnecessary administrative costs could be avoided by increasing
compliance accuracy by just one percent, enterprise-wide access to
actionable compliance information is increasingly vital for
healthcare provider organizations. Craneware Inc., the market
leader in automated revenue integrity solutions, today announced
several new capabilities – including mobile device access – for its
Online Reference Toolkit®, which provides actionable
charge compliance information to healthcare organizations, and is
included in each of the company's Chargemaster
Toolkit® solutions.
The new version of Online Reference Toolkit, in addition to
providing mobile access and a new user interface designed for ease
of use, also includes personalization and productivity enhancements
that extend the benefits of the toolkit for improving financial
performance, operational efficiency, and compliance. By
making current coding, pricing, regulatory, and local coverage
determination information easily accessible by clinical and
financial staff involved in charge capture, coding and other
critical steps in the revenue cycle, Online Reference Toolkit helps
healthcare organizations to produce accurate charges for clean
claims and fewer denials.
"For more than a decade, Craneware has been committed to aiding
provider organizations of all sizes with their revenue performance
and compliance initiatives," stated Craneware CEO, Keith Neilson. "The new capabilities of our
Online Reference Toolkit support the communication and
collaboration essential to ensuring enterprise-wide accuracy,
compliance and adherence to revenue integrity principles across
clinical and financial teams. Using mobile devices, clients can now
securely access current personalized information to support best
practices. We are pleased to continue to lead in delivering the
best and most complete revenue integrity solutions available in the
market today."
New capabilities include:
- Access via mobile devices, including smart phones and tablets,
for enhanced efficiency, productivity and convenience
- Multi-search capability to support workflow and simultaneous
task management
- Intuitive interface design for ease of use
- Personalized predictive loading gives users fast access to
their most commonly performed searches and preferred views
An integrated component of Craneware's chargemaster solutions,
Online Reference Toolkit is a Web-based reference tool used by
clinical and financial staff across healthcare organizations of all
sizes. It provides the user with current actionable coding,
pricing, financial and regulatory decision-support information that
helps the user to ensure accurate and compliant charge
capture. Information in the tool is updated continuously to
ensure that staffs always have access to the latest and most
accurate content.
Craneware's Chargemaster Toolkit is designed for capturing
appropriate reimbursement by automating chargemaster management
processes that improve operational efficiency and compliance.
Chargemaster Toolkit comes in versions specifically designed to
meet the needs of community, corporate and critical access
hospitals.
KLAS, the leading source of healthcare information technology
vendor performance metrics, ranked Craneware's Chargemaster
Toolkit® #1 in the Revenue Cycle - Chargemaster
Management market category in the "2011 Best in KLAS Awards:
Software & Services" report, published December 2011, Data © 2011 KLAS
Enterprises, LLC. All rights reserved. This is the sixth
consecutive year Chargemaster Toolkit has received this top
ranking.
For eight consecutive years, HFMA Peer-Reviewed* status was
achieved by Craneware's Chargemaster Toolkit, Chargemaster
Corporate Toolkit®, Online Reference
Toolkit®, Bill Analyzer, and Interface Scripting
Module, meaning the products met stringent Peer-Reviewed
requirements. *The Healthcare Financial Management Association
(HFMA) does not endorse or guarantee the use of these
products.
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