Craneware making progress with pipeline of new product launches

8th Nov 2016 12:44

(ShareCast News) - AIM-listed software company Craneware, a provider of healthcare billing, auditing, chargemaster management and medicare compliance, said it had made progress in the first few months of the financial year, while accumulating a pipeline of new product launches.In September, the Edinburgh-based company said it moved back into double-digit revenue and adjusted earnings before, interest, tax, depreciation and amortisation (EBITDA) growth, as sales made during the year started to contribute to revenue.In the US, the company is investing in its value cycle product suite to provide hospitals with tools that deliver insight to financial and operating data.Chief executive Keith Neilson said that in 2017 it will launch Trisus claims informatics, the first product to be launched on its cloud-based Trisus enterprise value platform, followed by Trisus patient payment, a gateway product operating within the patient access and engagement area.He also said the company was making progress with its newly formed business, Craneware Healthcare Intelligence, which develops cost analytics software for the US healthcare industry.Neilson added: "With our expanded offering and market opportunity, high levels of revenue visibility and favourable market backdrop, we believe we are just at the start of a long-term growth trajectory and are confident in the future success of Craneware."Shares in Craneware were up 0.04% to 1,233p at 1252 GMT.