Craneware: Hospital Chargemaster Software & Company History
Former Sales Executive at Craneware
inpractise.com/articles/craneware-hospital-chargemaster-software-and-company-history
Former Sales Executive at Craneware
Interview Transcript
This is a snippet of the transcript.Contact Salesto get full access.
Let's delve into that as well.
The hospital must ensure that charge codes are accurate every year, if not more frequently, to secure payment. If they request a code incorrectly, they risk not being paid and could potentially be liable for Medicare fraud, which is problematic. Before Craneware, a hospital's IT or finance team would send their database of charges, their chargemaster, to a consultant. The consultant would use old green bar paper to compare the charges to Medicare guidance and suggest necessary changes. This process usually occurred once or a few times a year when Medicare updated them.
This is a snippet of the transcript.Contact Salesto get full access.
Related Content
Copyright Notice
This document may not be reproduced, distributed, or transmitted in any form or by any means including resale of any part, unauthorised distribution to a third party or other electronic methods, without the prior written permission of IP 1 Ltd.
IP 1 Ltd, trading as In Practise (herein referred to as "IP") is a company registered in England and Wales and is not a registered investment advisor or broker-dealer, and is not licensed nor qualified to provide investment advice.
In Practise reserves all copyright, intellectual and other property rights in the Content. The information published in this transcript (“Content”) is for information purposes only and should not be used as the sole basis for making any investment decision. Information provided by IP is to be used as an educational tool and nothing in this Content shall be construed as an offer, recommendation or solicitation regarding any financial product, service or management of investments or securities. The views of the executive expressed in the Content are those of the expert and they are not endorsed by, nor do they represent the opinion of In Practise. In Practise makes no representations and accepts no liability for the Content or for any errors, omissions, or inaccuracies will in no way be held liable for any potential or actual violations of laws, including without limitation any securities laws, based on Information sent to you by In Practise.
© 2025 IP 1 Ltd. All rights reserved.