ATLANTA, Feb. 2, 2016 /PRNewswire/ -- Craneware,
Inc., the healthcare market leader in automated value cycle
solutions, today announced an exclusive partnership with automated
payment technologies and services company VestaCare, Inc. Under the
terms of the agreement, Craneware will be offering unique patient
engagement solutions to accelerate and simplify payment of patient
financial obligations.
![Craneware, Inc. logo. Craneware, Inc. logo.](http://photos.prnewswire.com/prnvar/20121221/CL33999LOGO)
This addition of VestaCare's VestaPay technology to medical
necessity and price estimation solutions delivered by Craneware's
mobile patient engagement platform will help providers better
address the financial risks associated with the quickly-changing
role of patient financial responsibility in the era of the value
cycle. By integrating with providers' patient financial systems to
dynamically adjust patients' outstanding balances, providers can
offer patients a compassionate, flexible program to address patient
responsibility. In addition, providers benefit from improved
patient satisfaction, better pricing transparency and accelerated
revenue.
These new solutions will be integrated as part of Craneware's
extensive offerings across four product families: Patient
Engagement, Charge Capture & Pricing, Coding Integrity, and
Revenue Recovery & Retention.
Keith Neilson, CEO of
Craneware, commented, "Patients and providers alike are
struggling with the rise of high-deductible health plans and
increasing patient financial responsibility. These new offerings
will help us continue to enable healthcare providers to improve
margins and provide a compassionate solution to what is often the
most painful part of a patient's experience: the cost."
"With the rising number of hospital failures affecting all of
our communities, it is critical that VestaPay's ability to help
turn around hospital financials becomes known immediately," said
Tom Brekka, CEO of VestaCare.
"Leveraging Craneware's reputation and large market presence
with VestaCare's VestaPay solution will accelerate our joint
efforts in improving providers' financial health so they can in
turn continue to support their communities' health."
About
Craneware
Craneware (AIM: CRW.L) provides software and supporting services to
healthcare provider organizations to help improve their financial
performance. Our value cycle solutions discover risk, converting
into and optimizing value where clinical and operational data
transform into financial transactions. Learn more at
Craneware.com.
About VestaCare
VestaCare's mission is to provide the
best array of Software as a Service (SaaS) electronic payment
technologies to enable healthcare organizations to optimize their
processes while maximizing the effectiveness of their people and
the financial results of their business. Learn more at
VestaCare.com.
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SOURCE Craneware, Inc.