ATLANTA, Dec. 22 -- Craneware, Inc. (AIM: CRW.L), the market leader in automated revenue integrity solutions, announced today that nationally-recognized non-profit health system, Intermountain Healthcare, has entered a multi-year agreement with Craneware to advance standardization of its charge description master (CDM) management process with the industry's leading chargemaster automation solution used by more than 1,000 healthcare provider organizations.
Intermountain Healthcare chose Craneware's Chargemaster Toolkit®, Online Reference Toolkit® and Physician Revenue Toolkit®. Intermountain will also benefit from the industry-wide expertise of Craneware's Business Solutions Group in CDM Maintenance Process Assessment, Design and Implementation for optimal business process efficiency.
Chargemaster Toolkit® is designed to capture legitimate reimbursement, increase efficiency and promote compliance through fully automating chargemaster management processes with Online Reference Toolkit enabling easy access to the latest compliance regulations and code sets. Physician Revenue Toolkit® functions similarly to fit the needs of physician practices. These solutions provide hospitals with increased visibility into their financial performance – automating code change updates to support compliance, identifying opportunities to optimize reimbursement, and assisting Intermountain in applying best practices for superior operational efficiency.
"Intermountain Healthcare is setting the standard as an efficiently-run healthcare system that delivers excellent patient care, having been recognized by President Obama as a bellwether in healthcare," said Keith Neilson, CEO of Craneware. "Craneware looks to play a big role in elevating this efficiency even further."
"Craneware's proven solution for automating chargemaster management processes will help us achieve our objectives - empowering us to manage by exception and improve processes related to the revenue cycle," stated Intermountain Healthcare's VP of Revenue Cycle Organization Todd Craghead. "The integrated workflow of Craneware's solutions will connect our health system's varied revenue management processes, from corporate standard to regional operations, to individual hospitals and physician groups. This will provide us greater visibility to ensure we're capturing charges effectively and achieving best-practice revenue cycle operating processes across the Intermountain Healthcare enterprise."
About Intermountain Healthcare
Intermountain Healthcare is a nonprofit integrated healthcare delivery system based in Salt Lake City consisting of 23 hospitals, physicians, clinics & services, and health insurance plans from SelectHealth. The largest healthcare provider in the Intermountain West, with more than 31,000 employees, it serves the healthcare needs of Utah and southeastern Idaho residents. Intermountain Healthcare is recognized worldwide for having advanced clinical computer systems that identify best practices to drive clinical quality and reduce cost and medical errors.
About Craneware
Craneware partners with healthcare organizations to improve returns, increase productivity and manage risk, driving better financial and operational performance using market-driven revenue management solutions. By enhancing revenue capture processes, Craneware solutions enable healthcare organizations to optimize reimbursement, improve operational efficiency, and support compliance. Visit craneware.com.
SOURCE Craneware, Inc.
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Intermountain Healthcare chose Craneware's Chargemaster Toolkit®, Online Reference Toolkit® and Physician Revenue Toolkit®. Intermountain will also benefit from the industry-wide expertise of Craneware's Business Solutions Group in CDM Maintenance Process Assessment, Design and Implementation for optimal business process efficiency.
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Chargemaster Toolkit® is designed to capture legitimate reimbursement, increase efficiency and promote compliance through fully automating chargemaster management processes with Online Reference Toolkit enabling easy access to the latest compliance regulations and code sets. Physician Revenue Toolkit® functions similarly to fit the needs of physician practices. These solutions provide hospitals with increased visibility into their financial performance – automating code change updates to support compliance, identifying opportunities to optimize reimbursement, and assisting Intermountain in applying best practices for superior operational efficiency.
"Intermountain Healthcare is setting the standard as an efficiently-run healthcare system that delivers excellent patient care, having been recognized by President Obama as a bellwether in healthcare," said Keith Neilson, CEO of Craneware. "Craneware looks to play a big role in elevating this efficiency even further."
"Craneware's proven solution for automating chargemaster management processes will help us achieve our objectives - empowering us to manage by exception and improve processes related to the revenue cycle," stated Intermountain Healthcare's VP of Revenue Cycle Organization Todd Craghead. "The integrated workflow of Craneware's solutions will connect our health system's varied revenue management processes, from corporate standard to regional operations, to individual hospitals and physician groups. This will provide us greater visibility to ensure we're capturing charges effectively and achieving best-practice revenue cycle operating processes across the Intermountain Healthcare enterprise."
About Intermountain Healthcare
Intermountain Healthcare is a nonprofit integrated healthcare delivery system based in Salt Lake City consisting of 23 hospitals, physicians, clinics & services, and health insurance plans from SelectHealth. The largest healthcare provider in the Intermountain West, with more than 31,000 employees, it serves the healthcare needs of Utah and southeastern Idaho residents. Intermountain Healthcare is recognized worldwide for having advanced clinical computer systems that identify best practices to drive clinical quality and reduce cost and medical errors.
About Craneware
Craneware partners with healthcare organizations to improve returns, increase productivity and manage risk, driving better financial and operational performance using market-driven revenue management solutions. By enhancing revenue capture processes, Craneware solutions enable healthcare organizations to optimize reimbursement, improve operational efficiency, and support compliance. Visit craneware.com.
SOURCE Craneware, Inc.
