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Craneware's New Product Reduces Supply Chain Revenue Leakage
Date:1/19/2010

ATLANTA, Jan. 19 /PRNewswire/ -- Craneware  (AIM: CRW.L), the market leader in automated revenue integrity solutions that improve healthcare providers' financial performance, announced today a new product and its first customer.

Supplies ChargeLink™ is a software solution that helps hospitals better manage and optimize reimbursement for chargeable supplies. It does this by establishing and maintaining dynamic links between the item master and supply items in the chargemaster. By establishing this linkage, Supplies ChargeLink creates unsurpassed visibility into supply costs and charges, identifying supply item inconsistencies in the chargemaster. This empowers hospitals to manage large amounts of data by exception and in accordance with industry best practices.

First to purchase the new software, made generally available on December 31, 2009, is Washington County Regional Medical Center, a 116-bed, non-profit organization serving east Central Georgia since 1960.

A recent survey completed by Porter Research found 75 percent of hospitals currently do not use any automation tools to compare their supply purchase histories with actual billing for supplies. Supplies ChargeLink automates the manual processes that most hospitals use to align their supply chain, charge capture and billing procedures.

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