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Craneware's Pharmacy ChargeLink® Version 3 Helps Improve Margins and Control Costs
Date:10/12/2010

ge of reporting the National Drug Code on Medicaid claims.
  • Make even more exact comparisons of the purchased volume of a drug and the volume that was subsequently billed, by grouping drugs and their equivalents in the new Generic Volume Reconciliation feature.
  • Determine how to bill appropriately for drugs that are often self-administered and using determinations established by the hospital's local Medicare contractor.
  • Quantify the true cost of physician preferences across the organization in support of conversation on cost savings from dispensing equivalents.

  • Since the introduction of Pharmacy ChargeLink, many clients have found hundreds of thousands – even millions – of dollars in otherwise missed revenue. For example, Parkview Health, an eight-hospital system in Fort Wayne, Ind., identified an annual gross revenue variance in excess of $10 million using the volume reconciliation feature.

    "Today, healthcare organizations need dependable partners to help ensure a strong foundation of revenue integrity and prevent revenue leakage," Neilson said. "Craneware has an 11-year history of successfully partnering and providing solutions that achieve sustainable improvements in revenue integrity. From our development of the industry's original chargemaster management software, through today's innovations like Pharmacy ChargeLink Version 3, Craneware remains committed to our clients' financial performance improvement by innovating solutions that support the industry in strategically transforming business processes toward higher efficiency."

    To further promote sustainable improvement in healthcare financial performance, Craneware is running the educational campaign, "Stop the Leakage," which provides industry best practices, success stories and in-depth white papers. One white paper, "

    SOURCE Craneware
    Copyright©2010 PR Newswire.
    All rights reserved

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