ATLANTA, Oct. 9, 2012 /PRNewswire/ -- (Booth #613,
AAHAM ANI) – Amid a fluctuating economic landscape, many healthcare
organizations are reviewing their financial processes in an effort
to obtain all revenue earned, meet compliance and remain
competitive. With the average hospital losing one percent of its
earned revenue due to errors in chargemaster or charge capture
processes, it is critical that healthcare organizations embed best
practices and automated tools to ensure operational efficiency,
accurate charging and coding while managing compliance risks.
Today, Craneware, Inc., the market leader in automated revenue
integrity solutions, announced that Kelley
Blair, its senior vice president of professional services
and sales support, has been selected to speak alongside
Mike Reppart, director of business
services at Hendrick Medical Center of Abilene, Texas, (Hendrick) at the American
Association of Healthcare Administrative Management's (AAHAM) 2012
Annual National Institute. This presentation will offer healthcare
organizations of all sizes practical strategies for achieving
revenue integrity.
Blair and Reppart will be presenting a case study, "How Hendrick
Medical Center of Abilene Made Charge Capture Centerpiece of
Revenue Integrity Program," on Thursday,
October 18, from 11:00-12:30
p.m. This presentation will outline how Hendrick, a 511-bed
medical center, serving 22 counties in midwest Texas, implemented a revenue integrity program
to improve the accuracy and efficiency of charge processes,
identify and resolve areas of revenue leakage, strengthen
compliance and improve data collection. Additionally, the
executives will describe how the implementation of revenue
integrity tools helped create a sustainable monitoring and process
improvement culture which resulted in an increase in gross revenue
by $1.5 million per month.
"Our main priority at Hendrick is to provide high-quality yet
cost-effective care to our community, but without solid financial
performance, those goals are impossible to achieve," said Reppart.
"Through effective collaboration and automation, our revenue team
has been able to heighten compliance and improve charge capture to
meet our revenue integrity goals. It is my hope that by sharing
both the challenges my organization faced, and the strategies we
embraced to overcome them, my peers at AAHAM may be able to adapt
some of the best practices we used and achieve similar
successes."
"At Craneware, it is our mission to stop revenue leakage by
helping to establish a culture of revenue integrity in healthcare
organizations, and Hendrick Medical Center is a great example of
the financial benefits that our revenue integrity methodology
enables," said Blair. "It is gratifying to present alongside our
client, Hendrick, best practices for achieving revenue integrity at
AAHAM ANI 2012. We are pleased our software has fulfilled our
clients' needs and hope their story will encourage other healthcare
leaders to make similar strides in achieving revenue
integrity."
KLAS, the leading source of healthcare information technology
vendor performance metrics, ranked Craneware's Chargemaster
Toolkit® #1 in the Revenue Cycle - Chargemaster
Management market category in the "2011 Best in KLAS Awards:
Software & Services" report, published December 2011, Data © 2011 KLAS
Enterprises, LLC. All rights reserved. This is the sixth
consecutive year Chargemaster Toolkit has received this top
ranking.
To learn more about this case study or Craneware Revenue
Integrity Solutions®, visit the company's booth, #613,
at the AAHAM Annual National Institution at the Hyatt Regency
Coconut Point in Bonita Springs,
Florida from October
17-19.
About Hendrick Medical Center
Hendrick Medical Center was founded in 1924 in Abilene, Texas as a not-for-profit,
faith-based medical center. Today, Hendrick employs more than 2,700
healthcare professionals and support staff to serve 22 counties in
the Texas Midwest region with a 511-bed medical center and a Level
3 trauma center. Its campus also includes a women's center,
rehabilitation hospital, and cancer center.
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
stoptheleakage.com.
SOURCE Craneware, Inc.