CHICAGO, IL--(Marketwired - January 11, 2017) - The Healthcare Financial
Management Association (HFMA) today announced that, following rigorous review, Craneware, Inc. has once again achieved the "Peer Reviewed by HFMA®" designation for its Chargemaster Toolkit® product.
The chargemaster is increasingly critical for tracking and understanding all the components of a particular service line. That
said, the completeness of the chargemaster is becoming even more pivotal as hospitals and health systems build their value-based
care strategies. Through the use of Chargemaster Toolkit, these organizations can:
- Enable hospitals and health systems to review pricing against peer and fee schedule benchmarks
- Increase operational efficiency through workflow and efficient integration
- Better understand where revenue is at risk to prevent lost opportunities
- Reduce unbilled clinical services and coding errors
- Better understand what best practices identify as billable services
"We are honored to receive this recognition from HFMA, an organization that has built a tremendous peer review program that is
well-respected throughout the healthcare industry," said Mark Montgomery, chief marketing officer for Craneware. "It also
recognizes the efforts of our employees and clients in creating a product that can achieve this designation year over year."
HFMA's Peer Review process provides healthcare financial managers with an objective, third-party evaluation of business
solutions used in the healthcare workplace. The rigorous, 11-step process includes a Peer Review panel review comprising current
customers, prospects who have not made a purchase, and industry experts. The Peer Review status of the healthcare business
solution and its performance claims are based on effectiveness, quality and usability, price, value, and customer and technical
support.
"We're pleased to have Craneware renew their HFMA Peer Reviewed designation," said HFMA President and CEO Joseph J. Fifer,
FHFMA, CPA. "The HFMA Peer Review process assures our members, through a rigorous evaluation, that the reviewed healthcare
business solution meets an objective, third-party assessment of overall effectiveness, quality, and value."
About HFMA
With more than 40,000 members, the Healthcare Financial Management Association (HFMA) is the nation's premier membership
organization for healthcare finance leaders. HFMA builds and supports coalitions with other healthcare associations and industry
groups to achieve consensus on solutions for the challenges the U.S. healthcare system faces today. Working with a broad
cross-section of stakeholders, HFMA identifies gaps throughout the healthcare delivery system and bridges them through the
establishment and sharing of knowledge and best practices. We help healthcare stakeholders achieve optimal results by creating
and providing education, analysis, and practical tools and solutions. Our mission is to lead the financial management of health
care. hfma.org
About Craneware
Craneware (AIM: CRW) is the market leader in software and supporting services that
help healthcare providers improve margins so they can invest in quality patient outcomes. The company's flagship solution,
Chargemaster Toolkit®, has earned the KLAS No.1 ranking in Revenue Cycle - Chargemaster Management since 2006 and is part of our
value cycle management suite, which includes Patient Engagement, Charge Capture & Pricing, Coding Integrity, Revenue Recovery &
Retention, and Cost Analytics solutions. Learn more at www.craneware.com.