ATLANTA, Dec. 1, 2015 /PRNewswire/ -- Craneware,
Inc., the healthcare market leader in automated value cycle
solutions, today announced the company will showcase a new version
of its industry-leading Pharmacy ChargeLink® solution at
the American Society for Health-System Pharmacists (ASHP) 2015
Midyear Clinical Meeting. The new features are focused on
simplifying and streamlining the increasingly complicated process
of monitoring and managing enterprise-wide pharmacy charges to
ensure compliance and optimal revenue performance.
![Craneware, Inc. logo. Craneware, Inc. logo.](http://photos.prnewswire.com/prnvar/20121221/CL33999LOGO)
"With frequent pricing changes and new drugs always being added
to the market, it is becoming increasingly difficult for provider
organizations to stay on top of pharmacy charges, and many
organizations wind up leaving significant revenue on the table,"
said Kathy Schwartz, Craneware AVP
of Strategic Messaging and Solutions Owner. "The latest Pharmacy
ChargeLink enhancements help simplify the complexity caused by such
frequent pricing changes, especially for larger hospitals and
health systems with multiple technology systems in place.
These product updates also align with Craneware's overall
value cycle strategy aimed at helping provider environments
navigate the transition from fee-for-service to value-based
reimbursement."
The new version of Pharmacy ChargeLink includes over a dozen new
features that help ease billing professionals' workflow. New
enhancements are designed to:
- Streamline importing processes, such as pre-defined file
mapping for unique formulary fields found in specific EHRs
including Epic's Willow and Cerner's Pharmnet®. Pharmacy
ChargeLink is able to identify and address specific billing and
compliance issues found in these clinical workflow
systems.
- Enhance support for organizations billing under the 340B Drug
Pricing Program, Wholesale Acquisition Cost (WAC) and group
purchasing organization (GPO) accounts.
- Help billing professionals prioritize high impact cost
variances and other revenue areas affecting financial
performance.
- Ease development of new and existing pharmacy pricing
policies.
"Pharmacy ChargeLink has given us the confidence that we're
billing and being reimbursed properly," said Jennifer Carmody, Director of Reimbursement
Services at Billings Clinic. "We're excited to use these new
features to further simplify our pharma coding and charge capture
processes and create a competitive and defensible pricing
strategy."
Craneware's Pharmacy ChargeLink helps hospitals more effectively
manage costs, confirm pricing policies and improve margins.
Pharmacy ChargeLink automatically validates all pharmacy data,
giving stakeholder departments a shared platform to ensure
administered medications are accurately coded, billed, and
reimbursed at an optimal level. By continuously updating and
synching purchase history, formulary, chargemaster and regulatory
reference information, Pharmacy ChargeLink helps hospitals address
revenue gaps and ensure optimal reimbursement and compliance.
About Craneware
Craneware (AIM: CRW.L) is the leader in automated value cycle
solutions that help provider organizations discover, convert
and optimize assets to achieve best clinical outcomes
and financial performance. Our solutions
normalize disparate data sets, bringing in up-to-date
regulatory and financial compliance data to deliver value at
the points where clinical and operational data transform into
financial transactions, creating actionable insights that enable
informed tactical and strategic decisions. Learn more
at Craneware.com.
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SOURCE Craneware, Inc.