Craneware, Inc., the healthcare market leader in automated revenue integrity solutions, today announced the launch of Reference Plus, a tool that simplifies chargemaster management and provides comprehensive clinical, financial and regulatory coding information. Specifically designed for critical access and independent community hospitals, the new tool helps smaller hospital organizations automate chargemaster analysis to manage compliance risk, optimize reimbursement and improve efficiency.
Reference Plus provides a clear view into the chargemaster, filtering charges by compliance type, severity, intent of service, department, revenue codes and more. The solution’s easy-to-use interface helps provider organizations prioritize potential problem areas and identify opportunities to ensure compliance and optimize appropriate revenue.
“As the leaders in revenue integrity, Craneware is focused on addressing the resource constraint challenges that critical access and smaller independent community hospitals face,” said Keith Neilson, Craneware CEO. “Reference Plus is designed to give smaller hospitals an automated solution that will empower them to take ownership of their revenue integrity journey. We are excited that this new tool will be able to help critical access and community hospitals efficiently manage their chargemaster according to their specific needs.”
Reference Plus offers an alternative to consulting that quickly becomes out of date, or tedious, manual methods that rely on printed reference books for ensuring regulatory and coding accuracy. The solution performs a complete chargemaster analysis, identifying deleted, replaced, invalid, inactive or missing CPT, revenue codes and modifiers. Revenue Plus also displays a list of replacement codes to help provider organizations correct issues.
Reference Plus is a new addition to the range of Craneware Revenue Integrity Solutions®. Craneware developed the industry’s first effective chargemaster management solution, Craneware’s Chargemaster Toolkit®, which has ranked number one in the KLAS Revenue Cycle – Chargemaster Management market category for the past eight years.
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 revenueintegrityjourney.com.
*Chargemaster Toolkit is ranked No. 1 in the Revenue Cycle – Chargemaster Management market category for the eighth year in a row (2006 – 2013), and Bill Analyzer is ranked No. 1 in the Revenue Cycle – Charge Capture market category the third year in a row (2011 – 2013 ) in the “2013 Best in KLAS Awards: Software & Services” report, published January 2014. Data 2014 KLAS Enterprises, LLC. All rights reserved. www.KLASresearch.com