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HealthEast Selects Craneware to Automate Revenue Integrity Program

Tuesday, March 2, 2010 Corporate News J E 4
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ATLANTA, March 1 Craneware, Inc. (AIM: CRW.L), the market leader in automated revenue integrity solutions that improve healthcare providers' financial performance, announced today that HealthEast Care System, one of the largest health care providers in the Minneapolis/St Paul area and named one of the Top 10 U.S. Health Systems by Thompson Reuters based on clinical performance, has signed a multi-year contract for a revenue management solution.

HealthEast Care System will use Craneware's Chargemaster Toolkit(Ū), Online Reference Toolkit(Ū) and Bill Analyzer. These solutions will provide unmatched visibility into the system's revenue cycle processes for sustainable improvements in financial performance and ongoing, proactive revenue management in accord with industry best practices. The solutions also streamline work and data flow for greater operational efficiency, accuracy and compliance.

"HealthEast is committed to not only be one of the best U.S. hospitals in terms of clinical performance but also financial performance," said HealthEast Care System CFO Robert Gill. "Practicing financial responsibility has helped HealthEast grow into the largest, locally-owned health care organization in the Twin Cities' East Metro area. As we look toward the future, ensuring a strong foundation of revenue integrity supports the HealthEast Care System mission of delivering quality compassionate care to our communities. We evaluated the options available and chose Craneware solutions as the best tools for HealthEast to use to optimize reimbursement, minimize compliance risk and increase operational efficiency."

"We're glad to see our customer base growing among the nation's best hospital systems," said Craneware CEO Keith Neilson. "When we developed the industry's original chargemaster management solution more than a decade ago, our focus was on providing the tools that hospitals need to better manage their revenue cycle ultimately supporting their communities by operating successfully. Today, more than 1,000 provider organizations across the U.S. have turned to Craneware for the tools needed to proactively identify, address and prevent revenue leakage. We are pleased to assist HealthEast Care System in optimizing financial performance with Craneware Revenue Integrity Solutions(TM)."

Individually, each solution in the Craneware Revenue Cycle product family provides hospitals with increased visibility into their financial performance - with Craneware's Chargemaster Toolkit automating the chargemaster maintenance process, Online Reference Toolkit enabling easy access to the latest compliance regulations and code sets, and Bill Analyzer providing charge audit capabilities.

For the last four years, Craneware's Chargemaster Toolkit(Ū) has ranked No. 1 in the Revenue Cycle - Chargemaster Management market category in the "Top 20 Best in KLAS Awards" report and is also Peer Reviewed by HFMA(Ū). KLAS is the leading source of healthcare information technology vendor performance metrics.

View the social media release at http://pitch.pe/49274.

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 and code for services and supplies associated with patient care. 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.

About HealthEast Care System

HealthEast Care System is a community-focused, non-profit health care organization that provides innovative technology, compassionate care and a full spectrum of family health services. HealthEast includes Bethesda Hospital, St. John's Hospital, St. Joseph's Hospital and Woodwinds Health Campus as well as outpatient services, clinics, home care, pharmacies and medical transportation services.

Practicing financial responsibility, HealthEast is the largest, locally-owned health care organization in the Twin Cities' East Metro with 7,300 employees, 1,200 volunteers and 1,400 physicians on staff.

SOURCE Craneware, Inc.
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