Craneware's Chargemaster Toolkit stands apart from competition by jumping in overall KLAS scoring in 2010
ATLANTA, Dec. 22, 2010 /PRNewswire/ -- Craneware, Inc. (AIM: CRW.L, CRWRY), the market leader in automated revenue integrity solutions that improve healthcare providers' financial performance, announced today that its Chargemaster Toolkit® ranked first in the Revenue Cycle – Chargemaster Management market category in the "2010 Top 20 Best in KLAS Awards: Software & Professional Services" report. This is the fifth consecutive year that Craneware has landed the top ranking.
KLAS, the leading source of healthcare information technology vendor performance metrics, determines its rankings based on the overall customer satisfaction score for a vendor's products. KLAS rankings also are based on direct, detailed feedback from healthcare providers across North America.
Craneware's Chargemaster Toolkit is the leading automation solution for effective chargemaster management. Using the solution, healthcare organizations of all sizes are better able to maintain their chargemasters to improve financial performance, operational efficiency, and meet compliance requirements.
"Craneware is honored to receive top rankings from healthcare providers for the fifth consecutive year," said Keith Neilson, CEO of Craneware. "Being recognized as the category leader for five consecutive years demonstrates our commitment to continually enhancing our software to meet current conditions and delivering unparalleled customer service and support to healthcare facilities across the country. The growing demand for Craneware software is fueled by hospitals' need to prevent revenue leakage, embed best practices, and assure regulatory compliance in this time of change. For more than 11 years, Craneware has worked at the heart of the revenue cycle. Craneware software, partnership and innovation all work to benefit the hospital's bottom line by quickly advancing revenue integrity – including financial performance, compliance and operational efficiency."
Craneware introduced the industry's original chargemaster automation solution more than 11 years ago. Today, Craneware offers strategic pricing, revenue cycle and supply management solutions that provide visibility to identify root causes of revenue leakage and a proven collaborative workflow across clinical and financial departments for effective pricing, charging and coding of patient care services and supplies.
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KLAS is a research firm specializing in monitoring and reporting the performance of healthcare vendors. KLAS' mission is to improve delivery, by independently measuring vendor performance for the benefit of our healthcare provider partners, consultants, investors, and vendors. Working together with executives from over 4500 hospitals and over 2500 clinics, KLAS delivers timely reports, trends, and statistics, which provide a solid overview of vendor performance in the industry. KLAS measures performance of software, professional services, and medical equipment vendors.
Craneware (AIM: CRW.L, 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.
SOURCE Craneware, Inc.