ATLANTA, June 11, 2014 /PRNewswire/ -- As U.S.
healthcare organizations face increasing pressure to lower costs
and manage risk, many are challenged with the ability to accurately
track and capture charges, especially with continually changing
charge rules and regulations. To help hospitals and health systems
develop best practices for accurate charging, Craneware, Inc., the
healthcare market leader in automated revenue integrity solutions,
today announced its selection to present alongside its client,
Centura Health, a 15-hospital system based in Colorado and western Kansas, at the Healthcare Financial Management
Association's 2014 National Institute (HFMA ANI).
Centura Health's Director of Revenue Integrity Daniel Young and Craneware's Vice President of
Professional Services Michael Najera
will lead a presentation titled, "Charge Capture Standardization
Best Practices," on June 24 from
3:30 p.m. to 4:45 p.m. PST in
Las Vegas. During the session,
Young and Najera will describe the best practices Centura
implemented to standardize charging across diverse facilities,
create a sustainable charge capture workflow, establish a
performance improvement process, bridge gaps that exist between
expenses and revenue, and minimize denial and audit management
risks.
"In today's fast-changing industry, health systems need to
consistently validate that their charge capture is complete,
correct and compliant with requirements. The use of current
processes and automated chargemaster management tools is essential
to achieve revenue integrity," said Keith
Neilson, Craneware CEO. "The fact that we were selected to
present with Centura Health on this subject highlights the critical
need for hospitals to implement enterprise-wide, automated charge
capture processes."
"Using automation to support an effective charge capture process
helps us to more efficiently ensure its accuracy and completeness,
allowing us to focus on what matters most—our patients and people,"
said Daniel Young, Director of
Revenue Integrity at Centura Health. "I'm looking forward to
sharing this story with an audience of my peers and hope that these
healthcare professionals can take a few of the lessons we've
learned at Centura and bring them back to their own
organizations."
Craneware Revenue Integrity Solutions® span four
product families: Supply Management, Audit & Revenue Recovery,
Revenue Cycle, and Access Management & Strategic Pricing. To
learn more about how hospitals and health systems can proactively
ensure their revenue integrity, request a meeting or visit
Craneware's booth #427 during HFMA ANI 2014 June 22-25.
About HFMA
HFMA is the nation's leading membership
organization for healthcare financial management executives and
leaders. More than 40,000 members-ranging from CFOs to controllers
to accountants-consider HFMA a respected thought leader on top
trends and issues facing the healthcare industry. HFMA members can
be found in all areas of the healthcare system, including
hospitals, managed care organizations, physician practices,
accounting firms, and insurance companies.
About Centura Health
Centura Health connects
individuals, families and neighborhoods across Colorado and western Kansas with more than 6,000 physicians and
17,100 of the best hearts and minds in health care. Through our 15
hospitals, six senior living communities, health neighborhoods,
physician practices and clinics, home care and hospice services,
and Flight For Life® Colorado, we
are making the region's best health care accessible and affordable
in every community we serve. We believe you can inspire the people
you care about to live healthier lives by encouraging them to do
the little things that can make a big difference. We're Centura
Health, and we're here for your health. For information about
Centura Health or any of the facilities in our network, please
visit www.centura.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 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 revenueintegrityjourney.com.
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SOURCE Craneware, Inc.