ATLANTA, June 17, 2013 /PRNewswire/ -- Hospitals can get hit with hundreds of change requests to their chargemaster on any given day. The impact of a single error in the chargemaster can cost an organization millions of dollars in lost revenue. Possibly even the threat of fraud as CMS auditors continue to scrutinize claims at a rampant pace. In response to the ever-increasing complexity surrounding pricing, charging and coding, Craneware, Inc., the market leader in automated revenue integrity solutions, today introduced workflow enhancements to its flagship Chargemaster Toolkit® software. The new enhancements support hospitals in transcending silos, improving collaborative communication and ultimately increasing efficiency while having more control.
Rather than a conventional one-size-fits-all workflow configuration, workflow can now be configured to meet the specific needs of a hospital and its review policies. New enhancements support complex workflow configurations with sequential, multi-level sign-off processes that are enabled by fully configurable review groups ensuring that people only review what they need to review at the appropriate stage in the review process, streamlining the review process and creating efficiencies as well.
"Change in the chargemaster is inevitable, the key is how efficiently you achieve those changes," said Keith Neilson, Craneware CEO. "These unprecedented workflow enhancements help hospital organizations have the flexibility to accommodate workflow that mirrors their hospital's policies while staying abreast of the complexities in the market."
To learn more about how hospitals and health systems can proactively ensure revenue integrity using Chargemaster Toolkit, visit Craneware's booth #1501 at the 2013 HFMA National Institute, June 16-19 in Orlando, Fla.
Chargemaster Toolkit is the industry's original chargemaster management solution, designed to capture legitimate reimbursement by automating chargemaster management processes, bringing together expertise from clinical departments, the revenue cycle and relevant industry reference information. Chargemaster Toolkit is used by 1 out of 4 US hospitals and works seamlessly with more than 30 of the leading HIS systems, including those from Epic, MEDITECH, McKesson and Siemens.
Chargemaster Toolkit is ranked number one in the KLAS Revenue Cycle – Chargemaster Management market category for the past seven years in the "2012 Best in KLAS Awards: Software & Services" report, published December 2012. Data ©2012 KLAS Enterprises, LLC. All rights reserved. www.KLASresearch.com.
In addition, HFMA staff and volunteers determined that Craneware's Chargemaster Toolkit®, Chargemaster Corporate Toolkit®, Bill Analyzer, Online Reference Toolkit®, and Interface Scripting Module have met specific criteria developed under the HFMA Peer Review Process. HFMA does not endorse or guarantee the use of these products.
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, code and retain earned revenue for patient care services and supplies. This helps customers optimize reimbursement, increase operational efficiency, minimize compliance risk, and retain more earned revenue. 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.