ATLANTA, Dec. 4, 2013 /PRNewswire/ -- Craneware,
Inc., the healthcare market leader in automated revenue integrity
solutions, today announced that St. Luke's hospital in the Texas
Medical Center will add Pharmacy ChargeLink® to the range of
Craneware Revenue Integrity Solutions® used across the St. Luke's
Health System hospitals, which on May
31 became part of Catholic Health Initiatives, the nation's
third-largest faith-based health system.
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The vital role of pharmacy in achieving quality care at lower
cost is a focal point for hospitals working to optimize operational
efficiency, compliance and reimbursement. With the Affordable Care
Act's (ACA) focus on transparency, healthcare leaders increasingly
need to establish processes for pharmacy revenue integrity and data
governance across their hospitals and clinics. Craneware pioneered
technology for verifying pharmacy data with its initial 2008
release of Pharmacy ChargeLink, which helps give better visibility
into drug purchase and reimbursement.
"St. Luke's selected Craneware's Pharmacy ChargeLink to bring
together wholesaler drug spend, formulary, chargemaster, revenue
and usage data that typically reside in silos," said Craig Frost, RPh, MBA, Assistant Vice President.
"By bringing together this data into one source for viewing and
reporting, it will help identify costly errors and gaps, such as
drugs purchased but missing CPT, HCPCS or revenue codes from the
chargemaster, drugs with invalid National Drug Code (NDC) values in
the spend file, or variances where the purchased volume differs
from the billed volume."
"Healthcare organizations of all sizes must verify the accuracy
of their pharmacy data, particularly when converting to electronic
health records," said Craneware CEO Keith
Neilson. "To help hospitals realize the value inherent in
the validation of their pharmacy charges, Pharmacy ChargeLink
supports a proven data governance process for ensuring the accuracy
and integrity of pharmacy data. We're very pleased that St. Luke's
has chosen our solution to help sustain their success in providing
the best possible care to their communities."
Craneware's Pharmacy ChargeLink will be highlighted at the
American Society of Health System Pharmacists (ASHP) Midyear
Clinical Meeting, the premier gathering for leaders in
health-system pharmacy. The ASHP Midyear Meeting will be held in
Orlando, Fla. on Dec. 8-12, 2013. Craneware will exhibit in booth
#136.
About St. Luke's Health System: St. Luke's Health System
includes: St. Luke's hospital in the Texas Medical Center; St.
Luke's The Woodlands Hospital; St. Luke's Sugar Land Hospital; St.
Luke's Lakeside Hospital; St. Luke's Patients Medical Center; and
St. Luke's Hospital at The Vintage. St. Luke's is home to the Texas
Heart® Institute, which was founded in 1962 by
Denton A. Cooley, MD. Affiliated
with several nursing schools and three medical schools, St. Luke's
hospital in the Texas Medical Center was the first hospital in
Texas named a Magnet Hospital for
Nursing Excellence, receiving the award three times.
About Catholic Health Initiatives: Catholic Health
Initiatives is a national nonprofit health system with headquarters
in Englewood, Colo. The
faith-based system operates in 18 states and includes 86 hospitals;
40 long-term care, assisted- and residential-living facilities; two
academic medical centers; two community health-services
organizations; two accredited nursing colleges; and home health
agencies. Currently, CHI ranks as the nation's third-largest
faith-based health system, with annual operating revenues of more
than $12 billion and approximately
85,500 employees. In fiscal year 2012, CHI provided more than
$715 million in charity care and
community benefit, including services for the poor, free clinics,
education and research.
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, Inc.