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Craneware in 2 US contract wins
Medical billing software company Craneware said on Tuesday it had won two "significant" new contracts with hospital providers in the US.The value of the contracts was not disclosed.
Both hospital providers are new customers to Craneware, the company said. The first contract with a "large blue chip healthcare provider" was expected to deliver $5m of revenue over its initial multi-year term, it added.
The second contract is forecast to deliver $3.5m of revenue over its initial term. Craneware chief executive Keith Neilson said the new deals confirmed that the positive momentum reported in the first half of the year had 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," he said.