Strategic Partnership with Aridhia Informatics

RNS Number : 9962G

Craneware plc

10 March 2015

 



10 March 2015

Craneware plc

("Craneware", "the Group" or the "Company")

Strategic Partnership with Aridhia Informatics

10 March 2015 - Craneware (AIM: CRW.L), the market leader in automated revenue integrity solutions for the US healthcare market, is pleased to announce that it has entered into a strategic partnership with Aridhia Informatics ("Aridhia"), the Edinburgh-based health informatics company.

This partnership will enable Craneware to offer Aridhia's core services which includes their collaborative analytics platform, data science service and app development capability to Craneware's extensive client base on an exclusive basis. With solutions that focus on patient outcomes, this partnership supports Craneware's US healthcare offering and extends Aridhia's healthcare client base outside the UK, Australia and Kuwait.

During the last 15 years, one quarter of all registered US hospitals have chosen Craneware's medical billing software solutions to assist them on their journey to improved financial performance and revenue integrity. This partnership with Aridhia will support these hospitals' growing requirement for informatics solutions at a time when a growing number of medical insurers are moving away from fee-for-service towards performance-based reimbursement.

Keith Neilson, CEO of Craneware plc commented, "We are pleased to bring the analytics agility platform to our client base, offering Aridhia's expertise in utilising clients' data to improve patient outcomes."

David Sibbald, CEO of Aridhia, said: "US healthcare providers have traditionally focused on financial outcomes and cutting costs but they are increasingly adopting a patient centric approach which will, in turn, have a positive effect on their bottom line. Craneware works with some of the biggest healthcare providers in the US so we're very pleased to be partnering with them and using our integrated healthcare informatics solutions to deliver better operational results for the Craneware customer, hospitals and therefore, better health outcomes for their patients."

For further information, please contact:

Craneware plc	Peel Hunt	Newgate
[phone]	[phone]	[phone]
Keith Neilson, CEO	Dan Webster	Tim Thompson
Craig Preston, CFO	Richard Kauffer	Ed Treadwell

About Craneware

Founded in 1999, Craneware has headquarters in Edinburgh, Scotland with offices in Atlanta, Arizona, Massachusetts and Tennessee employing over 200 staff. Craneware is the leader in automated revenue integrity solutions that improve financial performance for healthcare organisations. 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 optimises reimbursement, increases operational efficiency and minimises compliance risk. By partnering with Craneware, clients achieve the visibility required to identify, address and prevent revenue leakage. To learn more, visit craneware.com.

About Aridhia Informatics

Aridhia is a world-leading health informatics company developing technology and capability that supports the management of chronic diseases, personalised medicine and biomedical research through the use of biomedical informatics and analytics. Operating internationally on chronic disease management projects in Kuwait, Australia, England and Scotland, Aridhia works closely with governments, health organisations, research collaborations and academic institutions.

Aridhia was co-founded in 2007 by Dr David Sibbald a software entrepreneur, philanthropist and Vice-President of UK UNICEF, the United Nations children's fund; and Professor Andrew Morris who is Chief Scientist for Health in Scotland and recently took up the position as Professor of Medicine, Director of the Institute of Population Heath Sciences and Informatics and Vice-Principal of the University for Data Science at the University of Edinburgh.

Based in Edinburgh and Glasgow, Aridhia are made up of a multi-disciplinary team of 55, data scientists, clinicians, computer scientists, software developers and healthcare experts.

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