The Queen's Awards for Enterprise Recognize Craneware's Outstanding Results

Craneware's Co-Founders, CEO Keith Neilson and CTO, President Gordon Craig, Accept Award at Buckingham Palace Ceremony

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Jul 14, 2011, 10:00 ET

LONDON, July 14, 2011 /PRNewswire/ -- Craneware's co-founders, childhood friends who are now healthcare technology industry leaders, accepted an award today at Buckingham Palace from The Queen's Awards for Enterprise 2011 in the International Trade category. More than twelve years ago, Craneware's co-founders, CEO Keith Neilson with CTO and President of U.S. Operations Gordon Craig, introduced U.S. healthcare's first effective chargemaster management software. Today, Craneware is the market leader in automated revenue integrity solutions for U.S. healthcare serving nearly 1,500 healthcare organizations. The award recognizes Craneware's success in international trade, as the organization has more than doubled its U.S. revenue since 2005, totaling more than $200 million in international sales during the period.

The Queen's Awards are the U.K.'s highest honor recognizing business acumen and success. The Queen's Awards for Enterprise in International Trade are given to businesses with outstanding achievement in international trade, resulting in significant growth in overseas earnings and in commercial success over a period greater than three years. They are determined each year by the Queen, on the advice of the Prime Minister, and announced on April 21, Her Majesty's birthday.

"After representing the Craneware team at Buckingham Palace, one of the most recognizable significant settings in the world, I could not be filled with a greater sense of pride and accomplishment" said Neilson. "Craneware being recognized by the Queen for achievement in international business is momentous, particularly when considering the remarkably challenging global economic climate of recent years."

"When Keith and I wrote computer games together as kids, we never envisioned the two of us would be leading such a talented team of individuals to create leading products for US hospitals," said Craig. "It is very gratifying to see that coming to fruition today, recognized in such a grand venue. As we accept this honor on behalf of the Craneware team, we are very aware that we would not be here today without the great efforts of clients and staff that have collaborated with us in innovating healthcare industry solutions over the years. I wish they could all be here with us for this remarkable experience."

Headquartered in Scotland, Craneware is one of the fastest growing software companies in the U.K. and one of the most highly rated healthcare IT stocks. Founded in 1999, Craneware introduced the first automated chargemaster management solutions for U.S. hospitals. By 2000, Craneware had signed and implemented solutions for more than 20 customers, establishing a strong growth pattern which continues to increase. Today, Craneware's customer base is approaching 1,500 healthcare provider organizations -- ranging from critical access and community hospitals to the largest integrated delivery networks. Craneware's success in business is attributed to a proven track record of listening to clients, providing unparalleled customer support and innovating effective solutions that meet healthcare industry needs by improving financial performance through 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 stoptheleakage.com.

SOURCE Craneware