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McKesson to work with Craneware to integrate Craneware's Chargemaster Toolkit(R) into McKesson's next generation hospital information system (HIS)

Craneware, Inc. (AIM: CRW.L), a leader in financial improvement solutions for the U.S. healthcare market, announced that it will work with McKesson, the world's largest healthcare services company, to integrate Craneware's Chargemaster Toolkit(R) into McKesson's next generation hospital information system (HIS), Horizon Enterprise Revenue Management(TM). By integrating the two solutions, McKesson and Craneware are delivering a synchronized approach to achieving revenue integrity which aids hospitals in transforming revenue management.

Through this strategic relationship, Craneware's Chargemaster Toolkit, which is designed to facilitate the capture of accurate reimbursement by automating chargemaster management processes, will integrate with patient billing in McKesson's Horizon Enterprise Revenue Management solution. This integration enables the applications to seamlessly share data while facilitating workflow to achieve greater operational efficiency and compliance management.

"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, CEO of Craneware. "Creating an end-to-end approach to enterprise revenue management, McKesson and Craneware are together delivering the solution providers need to thrive in these challenging times."

"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, Revenue Cycle, 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."

Horizon Enterprise Revenue Management is a comprehensive revenue management solution that combines innovative rules-based software, connectivity services and best practices from more than 35 years of collaborating with hospitals, physicians, payors and financial institutions. McKesson is the clear leader in healthcare revenue management with over 1,200 customers using McKesson's revenue management solutions.

More than 1,000 healthcare organizations have chosen the Craneware Chargemaster Toolkit -- the industry's original CDM-management solution. Ranked No. 1 in the KLAS Revenue Cycle -- Chargemaster Management category for the last three years and HFMA Peer Reviewed, Chargemaster Toolkit is customizable for organizations from small community hospitals to large healthcare networks.

About McKesson

McKesson Corporation, currently ranked 15th on the FORTUNE 500, is a healthcare services and information technology company dedicated to helping its customers deliver high-quality healthcare by reducing costs, streamlining processes, and improving the quality and safety of patient care. For more information, visit http://www.mckesson.com.

About Craneware

Craneware (AIM: CRW.L) partners with healthcare organizations to improve returns, increase productivity and manage risk, driving sustainable financial and operational performance improvements using market-led revenue management solutions. For more information, visit www.craneware.com.

Source: McKesson