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Last updated on April 20, 2014 at 14:04 EDT

Craneware’s Chargemaster Toolkit(R) Earns #1 KLAS Rank for Fourth Consecutive Year

December 22, 2009

ATLANTA, Dec. 22 /PRNewswire/ — Craneware, Inc. (AIM: CRW.L), the market leader in automated revenue integrity solutions that improve healthcare providers’ financial performance, announced today that Chargemaster Toolkit® achieved the rank of first in the Revenue Cycle – Chargemaster Management market category in the “2009 Top 20 Best in KLAS Awards: Software & Professional Services” report, published December 2009. KLAS is the leading source of healthcare information technology vendor performance metrics. KLAS rankings are based on direct, detailed feedback from healthcare providers across North America.

Ranked at the top of its category for the past four consecutive years, and used by more than 1,000 healthcare provider organizations, Chargemaster Toolkit is the leading automation solution for effective chargemaster management. It provides the tools necessary for healthcare organizations to readily maintain their chargemasters for improved operational efficiency, regulatory compliance and reimbursement.

“This KLAS ranking shows Chargemaster Toolkit is the first-choice among healthcare executives for effective chargemaster automation,” said Craneware CEO Keith Neilson. “Executives are recognizing that the chargemaster is a strategic asset, critical to revenue integrity. For this reason, maintaining chargemaster accuracy is central to hospitals’ business performance and a key to minimizing compliance risk, reducing revenue leakage and optimizing reimbursement.”

“Earning the highest KLAS ranking demonstrates that customers recognize the results they’re achieving with Chargemaster Toolkit and are pleased with Craneware’s role in optimizing their financial performance,” states Craneware EVP, Marketing Ann Marie Brown. “As a pioneer in this market and in partnership with our customers, Craneware remains committed to improving healthcare business processes by delivering best-in-class software, best practice services and superior support.”

The chargemaster is the vehicle through which a healthcare provider organization describes all of its service charges. Craneware introduced the industry’s original chargemaster automation solution more than ten years ago. Today, Craneware offers strategic pricing, revenue cycle and supply management solutions that provide visibility to identify root causes of revenue leakage and effectively price, charge and code for patient care services and supplies.

About KLAS

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. For more information, go to www.KLASresearch.com, email marketing@KLASresearch.com, or call 1-800-920-4109 to speak with a KLAS representative.

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.


Source: newswire