ATLANTA, July 13, 2021 /PRNewswire/
-- Craneware (AIM: CRW.L), the healthcare market
leader in automated value cycle solutions, today announced it has
successfully completed the acquisition of Sentry Data Systems,
Inc., the nation's leader in pharmacy procurement, compliance and
utilization management and Agilum Healthcare Intelligence, an
innovative pharmacy and financial analytics company focused on
utilizing real-world data to deliver objective evidence for
hospitals, life sciences companies and payers.
With the deal, Craneware serves nearly 40% of U.S. hospitals and
over 10,000 hospitals, clinics and retail pharmacies.
As a result of this acquisition, Craneware now serves nearly 40
percent of U.S. hospitals and more than 10,000 clinics and retail
pharmacies across all the major pharmacy brands as well as local
community pharmacies and clinics. With the quality and extent of
the combined solutions from both companies, Craneware will deliver
far-reaching actionable insights for better operational and
strategic decisions, enabling further efficiencies in provider
performance so they can focus on serving their communities and
healthcare missions.
"Faced with increasing pressure to better manage costs and
improve patient outcomes, U.S. healthcare providers must
effectively use automation to generate actionable insights that
enhance operational efficiency and compliance resulting in
sustainable margins that can be re-invested in providing better
care for those who are in need," said Craneware CEO Keith Neilson. "We're thrilled to add the
healthcare industry's leading 340B
platform along with end-to-end compliance and performance
improvement software to our robust value cycle solutions suite.
These complementary additions provide healthcare organizations with
innovative new ways to measurably impact operational and financial
performance."
Neilson continued, "Sentry Data Systems shares our core values
and unwavering commitment to serve the U.S. healthcare market. This
acquisition presents a tremendous opportunity for us to work
together to transform the business of healthcare."
Craneware's Pharmacy ChargeLink solution helps U.S. healthcare
providers ensure that administered hospital medications are
accurately coded, billed and reimbursed at an optimal level.
Business algorithms compare units purchased with the volume billed
and reimbursed to help organizations more quickly identify charge
capture problems and better manage potential compliance risks.
Thousands of hospitals and care locations across the country
rely on Sentry's integrated platform to simplify the complexities
of pharmacy procurement, utilization and compliance. As a
result, these organizations are able to capture more revenue
through advanced NDC mapping and flexible configuration options
that optimize existing business processes and meet 340B program requirements.
"I'm excited that Sentry will now be part of Craneware to
continue the mission of improving healthcare quality and reducing
the total cost of care," said Travis
Leonardi, RPh, CEO of Sentry Data Systems. "The combined
Sentry and Craneware organization represents a powerful opportunity
to truly impact healthcare in a meaningful way by building upon our
solid foundation of leading talent, innovative technologies and
proven reputation across the spectrum of care."
The value cycle is the environment where healthcare
providers seize every opportunity to achieve the best outcome
for the best cost. This is accomplished through optimization of
clinical, operational and financial functions so margins are
protected and grown to support a healthcare provider's mission to
provide quality care to their communities.
About Sentry Data Systems, Inc.
Sentry Data Systems, Inc. is a pioneer in providing technology
solutions that help healthcare providers address their three
biggest challenges: reducing total cost of care, managing
compliance and producing better quality. Thousands of hospitals and
care locations across the country rely on Sentry's integrated
platform for their solutions, which provide decision support for
millions of unique patients and have helped hospital systems and
IDNs realize billions of dollars in documented savings.
About Agilum Healthcare Intelligence
Agilum Healthcare
Intelligence is an innovative pharmacy and financial analytics
company focused on utilizing real-world data to deliver objective,
real-world evidence for hospitals, life sciences companies and
payers. Our proprietary CRCATM (Comparative Rapid Cycle Analytics®)
P&T solution leverages a revolutionary longitudinal census
population database to help healthcare leaders make more informed
formulary decisions that reduce costs and improve quality of care,
while our advanced Service Line Costing & Profitability
platform enables insights within the healthcare organization to
help manage profitability, boost departmental efficiency and
optimize revenues. Our goal is simple: to drive better outcomes
while leading the transition to value-based care. Visit
agilum.com.
About Craneware
Craneware (AIM: CRW.L), the leader in automated value cycle
solutions, collaborates with U.S. healthcare providers to plan,
execute and monitor financial and operational performance so they
can continue to drive better outcomes for the communities they
serve. Craneware's Trisus platform combines revenue integrity, cost
management and decision enablement into a single SaaS-based
platform. Our flagship solution, Chargemaster
Toolkit®, continually earns KLAS recognition in the
Revenue Cycle – Chargemaster Management category and is part of our
value cycle management suite, which includes charge capture,
strategic pricing, claims analytics, patient engagement, revenue
recovery and retention, and cost and margin intelligence solutions.
Learn more at craneware.com.
Craneware Media Contact:
Brian
Parrish
VP Marketing
b.parrish@craneware.com
404-364-2150
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SOURCE Craneware