Value Cycle solutions firm Craneware has announced two new contracts with hospital providers in the US.
The first contract with a large blue-chip healthcare provider sees Craneware's Value Cycle products being deployed across the organisation's 20 hospitals. Craneware's solutions will help to ensure revenue integrity during the initiative and beyond. This contract is expected to deliver around $5m of revenue over its initial multi-year term.
The second contract win with a surgical hospital is for the provision of Craneware's suite of products as part of its strategic growth plans, deploying multiple Craneware solutions, including the Trisus Platform and Trisus Claims Informatics.
This provider is focused on improving all aspects of its value cycle. This multi-year contract is expected to deliver $3.5m of revenue over its initial term.
Keith Neilson, CEO of Craneware plc, said: "These contract wins confirm that the positive momentum and financial success we reported in the first half of the year has continued into the second half.
"This is further evidence of the strategic importance and value that Craneware's solutions can bring to all sizes and complexities of hospital healthcare providers, as they look to address the challenges they face with the ongoing evolution of the US Healthcare market.
"This continued momentum across the entire business, combined with the strength of our solution set, means we are well positioned to support our customers in the new era of value-based care and deliver increasing stakeholder value."