Nation's fifth largest healthcare system to join Craneware in discussing best practices for improving financial performance
ATLANTA, June 10, 2011 /PRNewswire/ -- Craneware, the U.S. healthcare market leader in automated revenue integrity solutions, announced today that Catholic Healthcare West Senior Director of Revenue Integrity Katie LeBlanc and Craneware Senior Vice President of Professional Services Kelley Blair will present "Stopping Revenue Leakage with Pharmacy and Supply Data" at the 2011 Premier healthcare alliance Breakthroughs Conference and Exhibition in Nashville, June 14-17.
"At CHW, we strive to provide value and compassion consistent with our mission of service. Revenue integrity and operational efficiency are key factors in meeting these goals," said LeBlanc. "To assure revenue integrity, we standardized the chargemaster, resulting in operational improvements which yielded an estimated $32 million and significantly increased our ability to increase charge capture while maintaining high compliance standards. At Breakthroughs, we will share insights into revenue integrity for pharmacy and supplies. We estimate the impact of improved billing accuracy through identifying missing codes on codable pharmaceuticals at just one hospital at $1.6 million net."
"Craneware has helped numerous hospitals understand and achieve revenue integrity," said Keith Neilson, CEO of Craneware. "Our approach ensures that today's healthcare organizations have actionable data that can be used to achieve operational efficiency and stop revenue loss. Our session at Premier Breakthroughs will provide attendees with a roadmap for improving processes in their facilities, specifically those associated with pharmaceuticals and supplies."
Premier and Craneware expanded their partnership in April 2010, offering Craneware Revenue Integrity Solutions to more than 2,500 Premier hospital members to optimize reimbursement, increase operational efficiency and minimize compliance risk. With Premier's industry-leading consulting expertise and Craneware's best-in-class products, providers can achieve the visibility required to identify, address and ultimately prevent revenue leakage. Craneware's solutions are offered to alliance members as a part of Premier's RevenueConnect™ and PharmacyConnect® programs.
In the session, scheduled for Thursday, June 16, 9:15 am, LeBlanc and Blair will share insights gained from successfully integrating supply and pharmacy data into the billing system at Catholic Healthcare West, the nation's fifth largest healthcare system.
This year, more than 4,000 healthcare providers and experts will attend Premier's Breakthroughs conference to engage around best practices and learn about innovative solutions to transform healthcare. Craneware will exhibit at the conference in booth number 442.
About Catholic Healthcare West
Catholic Healthcare West (CHW) is the fifth largest hospital provider in the nation and the largest hospital system in California as well as California's largest 340B provider. Founded in 1986 and headquartered in San Francisco, Calif., CHW is a system of 42 hospitals and medical centers in California, Arizona and Nevada. For more information, visit www.chwhealth.org.
Craneware (AIM: CRW.L, OTC: CRWRY) 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 and stoptheleakage.com.
About the Premier healthcare alliance, Malcolm Baldrige National Quality Award recipient
Premier is a performance improvement alliance of more than 2,500 U.S. hospitals and 75,000-plus other healthcare sites using the power of collaboration to lead the transformation to high quality, cost-effective care. Owned by hospitals, health systems and other providers, Premier maintains the nation's most comprehensive repository of clinical, financial and outcomes information and operates a leading healthcare purchasing network. A world leader in helping deliver measurable improvements in care, Premier has worked with the Centers for Medicare & Medicaid Services and the United Kingdom's National Health Service North West to improve hospital performance. Headquartered in Charlotte, N.C., Premier also has an office in Washington. http://www.premierinc.com. Stay connected with Premier on Facebook, Twitter and YouTube.