Craneware
plc
("Craneware", "The Craneware Group", the "Company" or the
"Group")
Craneware forms Alliance with
Microsoft to further transform the business of
healthcare
Craneware named a Microsoft
Global Partner Solution provider and agrees to joint go-to-market
plan for its Trisus offerings
2 July 2024
- Craneware (AIM: CRW.L),
the market leader in value cycle solutions for the U.S. healthcare
market, is pleased to announce that it has signed agreements with
Microsoft in the areas of the Microsoft Azure cloud platform,
technical innovation, and healthcare industry collaboration,
including joint marketing initiatives. The collaboration will see
the delivery of differentiated offerings and increased value to
customers through the application of industry leading data
analytics, AI, and modern platform technology. As part of the
agreement, Craneware's Trisus Platform and select Trisus offerings
will be available on the Azure Marketplace. Craneware has also
signed a Microsoft Azure Consumption Commitment (MACC)
agreement.
Strategic
Highlights:
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Accelerated innovation of The
Craneware Group's solutions utilising Microsoft Azure's advanced
tools and services
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Ease of access for healthcare
customers to purchase the Trisus Platform and products via the
marketplace, pre-configured and ready to deploy on Microsoft
Azure
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A proactive go-to-market
plan, including joint marketing
initiatives
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Expanded cloud capabilities through
access to additional advanced features of the Microsoft Azure cloud
platform
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Predictable cloud spending, budget
optimisation, and enhanced financial planning, thus driving cost
efficiency through the MACC
agreement
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Craneware teams have begun
co-innovation with Microsoft's AI experts to accelerate the
application of AI enhancements to existing Trisus offerings and the
exploration of new AI-based applications. Craneware's long heritage
in the U.S. healthcare industry, as well as nearly 200 million
unique patient encounters within its datasets, mean it is uniquely
positioned to provide powerful, actionable insights to participants
across the healthcare industry. These insights support better
operational and strategic decisions, enabling further efficiencies
in provider performance so they can focus on serving their
communities and healthcare missions, transforming the business of
healthcare.
The first of the Trisus applications
to be made available on the Microsoft commercial marketplace in
July 2024 will be Trisus Chargemaster, Trisus Decision Support, and
Trisus Labor Productivity. These offerings, supported by joint
go-to-market initiatives and other activities will help expand The
Craneware Group's market reach via the Microsoft partner
ecosystem.
Keith Neilson, CEO and Co-Founder at The Craneware
Group, commented, "We are delighted to strengthen our
relationship with Microsoft and their Global Partner Solutions
team, with the aim of bringing powerful AI offerings to the U.S.
healthcare industry. This agreement deepens our relationship with
Microsoft, aligning strategic goals and fostering collaboration on
future technology initiatives, marking a milestone in our journey
to transform the business of healthcare."
"By combining the power of Microsoft Azure and its AI
capabilities with Craneware's innovative healthcare revenue
integrity solutions, we're thrilled to be able to support Craneware
in not only elevating healthcare providers' operational efficiency
and financial performance, but also enhancing the quality of
patient care," said Gareth Hall,
senior director, Health & Life Sciences, Microsoft.
"Together, we can bring advanced AI-powered solutions to market
that will help healthcare customers transform their businesses,
deliver impactful solutions, and demonstrate the additional power
of the Microsoft Cloud for Healthcare."
For
further information, please contact:
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Craneware plc
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+44 (0)131 550 3100
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Keith Neilson, CEO
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Craig Preston, CFO
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Alma Strategic
Communications
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+44 (0)20 3405 0205
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Caroline Forde, Joe Pederzolli,
Kinvara Verdon
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craneware@almastrategic.com
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Peel Hunt (NOMAD and Joint
Broker)
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+44 (0)20 7418 8900
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Neil Patel,
Benjamin Cryer, Kate Bannatyne
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Investec Bank PLC (Joint
Broker)
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+44 (0)20 7597 5970
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Patrick Robb, Henry Reast, Cameron
MacRitchie
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Berenberg (Joint Broker)
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+44 (0)20 3207 7800
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Mark Whitmore, Richard Andrews, Dan
Gee-Summons
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About Craneware
The Craneware Group (AIM:CRW.L), is
the market leader in value cycle solutions. For 25 years, we have
collaborated with U.S. healthcare providers to optimize revenue
integrity, pricing intelligence, decision support, labor
productivity, business of pharmacy, and 340B program
management.
Customers choose Trisus®, a HITRUST-
and SOC2 Type II-certified, SaaS-platform, to achieve operational
and financial excellence in pursuit of their healthcare mission -
delivering quality care to their communities. The Craneware Group -
Transforming the Business of Healthcare.
Learn more at www.thecranewaregroup.com