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.
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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.
About Craneware
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.
SOURCE Craneware