Record results for Craneware

Record results for Craneware

Craneware has announced a further 16% increase in total revenue for the year ended 30 June 2017.

Scottish-based Craneware plc, the market leader in automated revenue solutions for the US healthcare market, saw revenues rise 16% to US$57.8m during the period.

The company also saw pre-tax profits jump 22% to US$16.9m with adjusted EBITDA.  Increasing by 13% to US$18.0m.

The firm is now looking to build on this successful year as it heads into 2017/2018 with a host of new clients to work with.

CEO Keith Neilson said: "The unceasing evolution of the US healthcare market towards value-based care presents us with an ongoing, growing market opportunity and the investments we have made mean we now have the potential to deliver against this expanding opportunity.

“With our sales pipeline increasing each year, this increased scalability and opportunity, combined with our high levels of revenue visibility, strong cash position and extensive customer base provide us with confidence in Craneware's ongoing success."

Founded in 1999, Craneware has headquarters in Edinburgh, Scotland with offices in Atlanta, Pittsburgh, Boston and Phoenix employing over 250 staff.