McKesson has added another important piece to the revenue cycle management puzzle for hospitals and other healthcare providers.
The Atlanta-based developer of hospital information systems is integrating Craneware’s Chargemaster Toolkit patient billing software into Horizon Enterprise Revenue Management, in a move designed to create a complete, end-to-end revenue cycle management solution for more than 1,200 providers now using McKesson’s RCM solutions.
“McKesson developed Horizon Enterprise Revenue Management to empower hospitals to improve the economics of care by redefining and supporting the processes, relationships and organizational structures associated with financial management,” said Loren Buysman, senior vice president and general manager of revenue cycle operations for McKesson Provider Technologies. “Specifically, the integration of Horizon Enterprise Revenue Management with Craneware’s Chargemaster Toolkit creates a comprehensive revenue cycle platform that brings disparate applications into one powerful system.”
Craneware, based in Scotland and Orlando, Fla., offers customizable software that’s designed to capture legitimate reimbursements for healthcare providers by automating the chargemaster management processes. The Chargemaster Toolkit is in use in more than 1,000 healthcare organizations, according to company officials.
“By linking McKesson’s Horizon Enterprise Revenue Management, STAR, Healthquest and Series solutions with the Craneware Chargemaster Toolkit, customers will benefit from enhanced work and data flow for improved financial performance, greater efficiency and effectiveness,” said Keith Neilson, Craneware’s CEO.