Craneware and Premier Enter Partnership Agreement to Sell Revenue Cycle Software

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Craneware, Inc. of Orlando, Florida, announced today the signing of a partnership agreement with the Premier healthcare alliance of San Diego, California, to provide chargemaster and revenue-cycle software to Premier member and client hospitals.

Craneware, Inc. of Orlando, Florida, announced today the signing of a partnership agreement with the Premier healthcare alliance of San Diego, California, to provide chargemaster and revenue-cycle software to Premier member and client hospitals. The five year agreement includes Craneware's Chargemaster Toolkit™, Chargemaster Corporate Toolkit™, Bill Analyzer™ and Decision Dashboard™ software solutions.

Jim Wilson, executive vice president for Craneware, said today's agreement with Premier will help Premier's members improve their chargemaster maintenance, charge-capture auditing and business-intelligence decisions for managing the revenue cycle. "Craneware's Chargemaster Toolkit is the number one ranked software in the KLAS revenue-management category," Wilson explained. "The entire hospital sector continues to be under enormous pressure on both reimbursement and costs. Craneware's revenue cycle and business intelligence software solutions will enable Premier members to capture and manage the information they need. And that will help them operate more efficiently and effectively in today's complex environment."

"Properly managing the revenue cycle has always been a challenge for hospital administration - the ease of use of Craneware's products will be extremely valuable to Premier clients as they manage these cycles," remarked Stephanie Alexander, senior vice president and general manager for Premier Healthcare Informatics. "We're pleased to add Craneware's products as a complement to our newly launched Premier Performance Suite™."

The Premier Performance Suite is a comprehensive offering of hospital performance tools to integrate quality and safety, labor management, and supply chain channels for a global approach to improving overall quality and cost.

About Craneware

Craneware, Inc. is the market-leading supplier of financial software solutions that empower healthcare providers to optimize revenue, improve daily operations, encourage compliance, and use information more efficiently to impact business decisions. The company is known for excellent chargemaster management and maintenance software, as well as outstanding client support. Over 700 U.S. hospitals rely on Craneware software to manage their CDMs. Visit Craneware on the Internet at http://www.craneware.com, or call 1-888-601-4162.

About Premier, 2006 Malcolm Baldrige National Quality Award recipient

Serving 1,700 hospitals and 44,000 other healthcare sites, Premier is the largest healthcare alliance in the United States dedicated to improving patient outcomes while safely reducing the cost of care. Owned by not-for-profit hospitals, Premier operates the nation's largest healthcare purchasing network, the most comprehensive repository of hospital clinical and financial information and one of the largest policy-holder owned, hospital professional liability risk-retention groups in healthcare. Headquartered in San Diego, Premier has offices in Charlotte, N.C. and Washington, D.C. For more information, visit http://www.premierinc.com.

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Holly Meyer