ATLANTA, October 1, 2012 – With the AMA estimating that $777 million in unnecessary administrative costs could be avoided by increasing compliance accuracy by just one percent, enterprise-wide access to actionable compliance information is increasingly vital for healthcare provider organizations. Craneware Inc., the market leader in automated revenue integrity solutions, today announced several new capabilities – including mobile device access – for its Online Reference Toolkit®, which provides actionable charge compliance information to healthcare organizations, and is included in each of the company’s Chargemaster Toolkit® solutions.
The new version of Online Reference Toolkit, in addition to providing mobile access and a new user interface designed for ease of use, also includes personalization and productivity enhancements that extend the benefits of the toolkit for improving financial performance, operational efficiency, and compliance. By making current coding, pricing, regulatory, and local coverage determination information easily accessible by clinical and financial staff involved in charge capture, coding and other critical steps in the revenue cycle, Online Reference Toolkit helps healthcare organizations to produce accurate charges for clean claims and fewer denials.
"For more than a decade, Craneware has been committed to aiding provider organizations of all sizes with their revenue performance and compliance initiatives," stated Craneware CEO, Keith Neilson. "The new capabilities of our Online Reference Toolkit support the communication and collaboration essential to ensuring enterprise-wide accuracy, compliance and adherence to revenue integrity principles across clinical and financial teams. Using mobile devices, clients can now securely access current personalized information to support best practices. We are pleased to continue to lead in delivering the best and most complete revenue integrity solutions available in the market today."
New capabilities include:
- Access via mobile devices, including smart phones and tablets, for enhanced efficiency, productivity and convenience
- Multi-search capability to support workflow and simultaneous task management
- Intuitive interface design for ease of use
- Personalized predictive loading gives users fast access to their most commonly performed searches and preferred views
An integrated component of Craneware's chargemaster solutions, Online Reference Toolkit is a Web-based reference tool used by clinical and financial staff across healthcare organizations of all sizes. It provides the user with current actionable coding, pricing, financial and regulatory decision-support information that helps the user to ensure accurate and compliant charge capture. Information in the tool is updated continuously to ensure that staffs always have access to the latest and most accurate content.
Craneware's Chargemaster Toolkit is designed for capturing appropriate reimbursement by automating chargemaster management processes that improve operational efficiency and compliance. Chargemaster Toolkit comes in versions specifically designed to meet the needs of community, corporate and critical access hospitals.
KLAS, the leading source of healthcare information technology vendor performance metrics, ranked Craneware's Chargemaster Toolkit® #1 in the Revenue Cycle - Chargemaster Management market category in the "2011 Best in KLAS Awards: Software & Services" report, published December 2011, Data © 2011 KLAS Enterprises, LLC. All rights reserved. This is the sixth consecutive year Chargemaster Toolkit has received this top ranking.
For eight consecutive years, HFMA Peer-Reviewed* status was achieved by Craneware's Chargemaster Toolkit, Chargemaster Corporate Toolkit®, Online Reference Toolkit®, Bill Analyzer, and Interface Scripting Module, meaning the products met stringent Peer-Reviewed requirements. *The Healthcare Financial Management Association (HFMA) does not endorse or guarantee the use of these products.
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.
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