Craneware Software Ranks #1 in Two KLAS Revenue Cycle Market Categories Craneware's Bill Analyzer is New Category Leader and Chargemaster Toolkit® Named First for Sixth Consecutive Year
ATLANTA, Jan. 4, 2012 /PRNewswire/ -- Craneware, Inc., the market leader in automated revenue integrity solutions, announced today that its Bill Analyzer solution was named #1 in the Revenue Cycle - Other market category and its Chargemaster Toolkit® ranked first in the Revenue Cycle - Chargemaster Management market category for the sixth consecutive year in the "2011 Best in KLAS Awards: Software & Services" report.
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.
"We are thrilled to achieve this honor for both Craneware's Chargemaster Toolkit and now Bill Analyzer as well. It is very gratifying to see the software helping our healthcare customers improve financial performance so they can successfully serve their communities," said Keith Neilson, CEO of Craneware. "Preventing sources of revenue leakage and ensuring charges accurately comply with changing requirements for payment is especially vital today. Earning this prestigious recognition for two distinct products, particularly for their functionality, service and support, demonstrates Craneware's commitment to quality solutions that help healthcare organizations attain sustainable revenue integrity."
Craneware's Bill Analyzer helps healthcare organizations improve charge capture by identifying sources of revenue leakage and categorizing areas of risk, resulting in cleaner, more compliant claims for optimal accurate reimbursement. By identifying patterns of charging behavior and the root causes of charge issues, the software helps prevent those issues from recurring and requiring added administrative effort.
Craneware's Chargemaster Toolkit is the industry leading automation solution for effective chargemaster management. As the cornerstone of Craneware's commitment to help U.S. healthcare organizations achieve and sustain revenue integrity, the software automates chargemaster management processes and workflow to help ensure charges are correct, complete and compliant for obtaining earned reimbursement. Chargemaster Toolkit has proven effective in improving financial performance, operational efficiency and compliance for healthcare organizations of all sizes, from large integrated delivery networks to community and critical access hospitals.
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) 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.
SOURCE Craneware, Inc.