Craneware’s New Physician Management Toolkit™ Allows Physician Groups to Optimize Practice Revenue

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Craneware, Inc., a leading supplier of chargemaster management and revenue-cycle software solutions, today announced the introduction of Physician Management Toolkit™, an easy-to-use software solution designed for organizations that manage billing for physician groups.

Craneware, Inc., a leading supplier of chargemaster management and revenue-cycle software solutions, today announced the introduction of Physician Management Toolkit™, an easy-to-use software solution designed for organizations that manage billing for physician groups.

Physician Management Toolkit provides technology that allows those organizations to easily manage the ongoing coding, conversion-factor, pricing and Relative Value Unit (RVU) changes that affect physician fee schedules. The software draws upon the same Craneware technology that has automated the way more than 700 hospital clients manage their charge description masters.

In addition to keeping organizations up-to-date on ever-changing regulations and codes that impact physician billing, Physician Management Toolkit provides the original reference material behind those changes. The software’s Online Reference Toolkit™ makes available the original reference material for regulatory updates, including coding changes, edits generated by Medicare’s Correct Coding Initiative (CCI), medical-necessity Local and National Coverage Determinations and a host of other resources. That capability means organizations no longer need to purchase code books or search the Internet for coding, compliance and regulatory updates.

After clients adjust their fee schedules, Physician Management Toolkit instantly shows the revenue impact of those changes. The software then carries that one step further by creating graphical trending of key performance indicators specific to an office’s business needs. The Decision Dashboard Software™ module features easy-to-use, wizard-driven functionality that allows users to see how they are optimizing revenue, minimizing compliance risk, improving accuracy and promoting compliance with Medicare regulations and the latest coding changes.

“We are excited to introduce this innovative software to physician groups,” explained Jim Wilson, Executive Vice President for Craneware. “It lets them capture the revenue they’ve earned through the use of business analytics. Physician Management Toolkit provides users with an accurate and compliant charge file that prevents incorrect codes from ever reaching a patient’s bill.”

About Craneware

Craneware is the market leading supplier of financial software solutions that empower health care providers to improve daily operations, optimize revenue and encourage compliance and use information more efficiently to impact business decisions. The company is known for excellent chargemaster management and maintenance software and outstanding client support. Craneware, Inc. has more than 700 hospital customers throughout the United States. Visit Craneware on the Internet at http://www.craneware.com.

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Holly Meyer
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