ATLANTA, July 23, 2013 /PRNewswire/ -- Supplies
represent about fifteen percent of an average hospital's operating
budget, with pharmacy accounting for as much as ten percent of a
hospital's total budget. To comply with regulatory scrutiny, avoid
underpayments and achieve revenue integrity, it is vital for
hospitals to maintain and proactively reconcile purchasing and
charge data. Craneware, Inc., the healthcare market leader in
automated revenue integrity solutions, today announced that it will
lead a presentation detailing best practices for pharmacy charge
data management at the Association for Healthcare Resource &
Materials Management (AHRMM) 2013 Conference & Exhibit
alongside its client, Billings Clinic, a community-owned healthcare
organization based in Billings,
Mont.
(Logo: http://photos.prnewswire.com/prnh/20121221/CL33999LOGO
)
The presentation, "What You Don't Know, Costs You – Keys to
Revenue Integrity," will take place on Monday, July 29, at 4:15
pm. Billings Clinic, Director of Reimbursement Services
Jennifer Carmody and its Director of
Pharmacy Services Kyle Townsend,
will be joined by Craneware Product Manager Kathy Schwartz to discuss how Billings Clinic
formed a multi-disciplinary team to employ practical process
improvements and ensure accuracy. The presentation will detail the
team's efforts to manage acquisition costs, level pricing
fluctuations and move from manual to automated processes to ensure
compliant charging and coding.
"Healthcare organizations face a multitude of challenges today,
and the Billings Clinic's success story is a great example of the
value that can be realized by taking a strategic approach to
managing data for compliant reimbursement," said Keith Neilson, CEO of Craneware. "We are excited
to present at the AHRMM Conference and hope that the Billings
Clinic's story will encourage other healthcare leaders to make
similar strides in achieving revenue integrity."
To learn more about Craneware's industry leading revenue
integrity solutions, including the # 1 in KLAS* Chargemaster
Toolkit® and Bill Analyzer, as well as Online Reference
Toolkit® and Craneware's Pharmacy ChargeLink®
and Supplies ChargeLink®, visit Craneware's booth, #317,
during AHRMM 2013 in San Diego,
from July 28-31, 2013.
About Billings Clinic
Based in Billings, Montana, Billings Clinic is the
largest health care system in Montana and is a physician-led health
care organization, consisting of a multi-specialty physician
group practice, a 272-bed hospital, and a 90-bed skilled
nursing and assisted living facility. Billings Clinic is the
only MAGNET facility in Montana.
Billings Clinic is a member of the Mayo Clinic
Care Network. The Billings Clinic system includes partnerships
with ten critical access hospitals serving markets in Montana,
Wyoming and the western Dakotas
with the highest standards of care for quality, safety and value.
Billings Clinic is recognized as U.S. News' #1 hospital in
Montana, is a Top 100 hospital as
ranked by Truven, and is a recipient of the Women's Choice Award
for "Best Hospitals for Patient Experience". For more
information, visit www.billingsclinic.com.
About AHRMM
The Association for Healthcare Resource
& Materials Management is the leading national association for
executives in the healthcare resource and materials management
profession. A professional membership group of the American
Hospital Association, AHRMM serves more than 4,200 active members.
Founded in 1951, AHRMM prepares its members to contribute to the
field and advance the profession through the intersection of cost,
quality, and outcomes via networking, education, recognition, and
advocacy. For more information, visit www.ahrmm.org.
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.
*Chargemaster Toolkit® is ranked No. 1 in the Revenue
Cycle – Chargemaster Management market category for the seventh
year in a row (2006 – 2012), and Bill Analyzer is ranked No. 1 in
the Revenue Cycle – Other market category the second year in a row
(2011 – 2012 ) in the "2012 Best in KLAS Awards: Software &
Services" report, published December
2012. Data © 2012 KLAS Enterprises, LLC. All rights
reserved. www.KLASresearch.com
SOURCE Craneware, Inc.