ATLANTA, Sept. 20, 2016 /PRNewswire/ -- Craneware, Inc.,
the healthcare market leader in automated value cycle solutions,
today announced updates to its chargemaster management solutions,
Chargemaster Toolkit® Discovery Viewer and Chargemaster Toolkit®
Corporate Discovery Viewer.
As provider organizations continue to transition to health
information systems like Epic and Cerner, data that has
traditionally resided in the chargemaster is being moved to
detached, clinical modules. This disparate data results in
redundancies that can hinder a revenue cycle department's ability
to maintain accurate charges for billing and reimbursement. The
updates announced today will help hospitals gain visibility into
charge data to ensure compliance and maximize financial
performance.
Both Chargemaster Toolkit Discovery Viewer and Chargemaster
Toolkit Corporate Discovery Viewer build on the award-winning
functionality that makes Craneware's Chargemaster Toolkit the
charge management tool of choice in over a quarter of all U.S.
hospitals. The updates enable users to view all chargemaster data
in one place, and improve collaboration across teams. Specifically,
these tools enable users to:
- View all procedure, pharmacy, and supplies records
- View and filter by location/service line, volume/revenue and
usage
- View fee schedules for multiple facilities, payers, and service
lines
- Identify and remove redundant charges
Sparrow Health, mid-Michigan's
largest health system and a Craneware client since 2015, has
already seen the benefits of utilizing the newest version of
Chargemaster Toolkit. "Chargemaster Toolkit Discovery Viewer
provides added visibility and capability in regard to our Epic
data," said Kevin Sharp, Executive
Vice President of Revenue Cycle at Sparrow Health. "We believe this
feature would result in added value for Epic users."
"We're always looking for ways to advance our technology to
better meet the needs of our clients," said Keith Neilson, CEO of Craneware. "Right now
provider organizations are facing reimbursement pressures, as well
as the challenge of complex HIS implementations on top of an
ever-changing list of regulations. In the midst of all of this,
Craneware is working to support providers with solutions designed
to ensure revenue integrity so that they can focus on providing
quality care to patients."
Craneware's Chargemaster Toolkit has ranked number one in the
KLAS Revenue Cycle – Chargemaster Management market category for
ten years in a row. The solution helps address a wide range of
revenue cycle management needs for healthcare providers, including
management automation that helps improve accuracy of compliant
charge capture.
About Craneware
Craneware (AIM: CRW.L) is the market
leader in software and supporting services that help healthcare
providers improve margins, so they can invest in quality patient
outcomes. Our value cycle management suite includes Patient
Engagement, Charge Capture & Pricing, Coding Integrity, and
Revenue Recovery & Retention solutions. These SaaS solutions
identify and address risks related to revenue and cost. Learn more
at craneware.com.
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SOURCE Craneware, Inc.