Banner Health Selects Craneware

Leading Health System Chooses Chargemaster Toolkit to Support Ongoing Growth and Efficient Integration of New Facilities

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Craneware

Dec 09, 2014, 09:11 ET

ATLANTA, Dec. 9, 2014 /PRNewswire/ -- With healthcare consolidation on the rise, Craneware, Inc., the healthcare market leader in automated revenue integrity solutions, today announced that Banner Health, one of the largest not-for-profit healthcare systems in the US, has selected Craneware's Chargemaster Corporate Toolkit® to support its ongoing growth and efficient integration across newly acquired facilities.

Banner Health determined it needed a more modern and flexible technology when its team strained to use their existing systems to integrate newly acquired facilities into their chargemaster management operations. To ensure the efficient on-boarding of new facilities and enterprise-wide compliance with best practices, the health system selected Craneware's flagship chargemaster solution to improve financial performance, ensure compliance and achieve revenue integrity across its growing organization.

"We're seeing great demand from organizations such as Banner who are expanding through merger, acquisition and alliances and need better charge management solutions to help them meet new challenges," said Keith Neilson, Craneware CEO. "Our ability to help automate processes that historically have been incredibly resource intensive is an eye-opening experience for organizations using older systems, and we're delighted to help a widely recognized leader such as Banner Health solve these challenges."

With Chargemaster Corporate Toolkit, Banner will be able to manage multiple chargemasters across 25 hospitals and healthcare facilities, proactively identifying and addressing opportunities for revenue integrity improvements. Chargemaster Toolkit^® has ranked number one in the KLAS Revenue Cycle – Chargemaster Management market category for the past eight years.

"We looked at a number of solutions and based on our experience, as well as what we were hearing from peers, we knew that Craneware should be at the top of our list," said Dennis Dahlen, Banner Health CFO. "The efficiency gains when integrating new hospital chargemasters have been significant and we are confident the data is current and complete."

To learn more about how hospitals and health systems can proactively achieve revenue integrity advancement, visit craneware.com and revenueintegrityjourney.com.

About Banner Health: From Alaska to Arizona, Banner Health is dedicated to fulfilling the nonprofit mission of making a difference in people's lives through excellent patient care. Based in Phoenix, Ariz., Banner Health is one of the largest, nonprofit health care systems in the country. It is the leading nonprofit provider of hospital services in all the communities it serves. The Western Region facilities serve a number of rural areas -- many are the only inpatient facilities available within the community. To learn more visit www.bannerhealth.com.

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.

*Chargemaster Toolkit^® is ranked No. 1 in the Revenue Cycle – Chargemaster Management market category for the eighth year in a row (2006 – 2013), in the "2013 Best in KLAS Awards: Software & Services" report, published January 2014. Data^© 2014 KLAS Enterprises, LLC. All rights reserved. www.KLASresearch.com

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SOURCE Craneware