ATLANTA, Sept. 25, 2014 /PRNewswire/ -- According to The
American Hospital Association's latest RACTrac survey, 93 percent
of hospitals surveyed experienced recovery audits in the first
quarter of 2014 and almost 60 percent said they spent over
$25,000 in the same quarter to manage
Recovery Auditor (RAC) activity. As RACs and other payor audits
continue to affect health systems' bottom lines, hospitals need
programs and tools to minimize compliance risk and reduce revenue
leakage. Craneware, Inc., the healthcare market leader in automated
revenue integrity solutions, today announced that it has been
selected to present audit management best practices at three
industry conferences this fall in an effort to support healthcare
organizations that are faced with audit-related challenges. Thought
leaders from Craneware will be giving presentations at the
following events:
- Association of Healthcare Internal Auditors (AHIA) 2014
Conference: Craneware Senior Manager of Revenue Integrity
Communications, William Malm, led a
presentation titled, "Managing Opportunities and Identifying Risks
Using Chargemaster Control," on September
23. Malm discussed keys for optimal reimbursement,
mitigating compliance risks and improving operational
efficiency.
- American Health Information Management Association (AHIMA)
2014 Convention: Malm and Craneware Executive Vice President of
Revenue Integrity Operations, Karen
Bowden, will lead a presentation titled, "Managing
Multi-Payor Audits," on September 29.
Malm and Bowden will outline audit management best practices for
commercial audits versus federal payer audits.
- HCPro 2014 Medicare Compliance Forum: Malm will lead
four compliance-related presentations:
- "Jeopardy of Non-Validated Charge Capture Within Your EMR" on
October 23.
- "From the Front Line: An Auditor's Perspective" on October 23.
- "The Ins and Outs of Appeals: From Process Building to Appeal
Writing" on October 24.
- "Chargemaster Essentials to Ensure Accurate Claim Submission"
on October 24.
"We're hearing from an increasing number of hospital leaders who
need help developing a proactive audit strategy," said Keith Neilson, CEO of Craneware. "The fact that
Craneware was selected to present at these upcoming industry events
demonstrates the demand for audit and compliance education. We are
glad to share best practices for minimizing compliance risk and
managing audits proactively and efficiently to help provider
organizations achieve revenue integrity."
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.
SOURCE Craneware, Inc.