Craneware Completes Acquisition of Sentry Data Systems
ATLANTA, July 13, 2021 /PRNewswire/ -- Craneware (AIM: CRW.L), the healthcare market leader in automated value cycle solutions, today announced it has successfully completed the acquisition of Sentry Data Systems, Inc., the nation's leader in pharmacy procurement, compliance and utilization management and Agilum Healthcare Intelligence, an innovative pharmacy and financial analytics company focused on utilizing real-world data to deliver objective evidence for hospitals, life sciences companies and payers.
With the deal, Craneware serves nearly 40% of U.S. hospitals and over 10,000 hospitals, clinics and retail pharmacies.
As a result of this acquisition, Craneware now serves nearly 40 percent of U.S. hospitals and more than 10,000 clinics and retail pharmacies across all the major pharmacy brands as well as local community pharmacies and clinics. With the quality and extent of the combined solutions from both companies, Craneware will deliver far-reaching actionable insights for better operational and strategic decisions, enabling further efficiencies in provider performance so they can focus on serving their communities and healthcare missions.
"Faced with increasing pressure to better manage costs and improve patient outcomes, U.S. healthcare providers must effectively use automation to generate actionable insights that enhance operational efficiency and compliance resulting in sustainable margins that can be re-invested in providing better care for those who are in need," said Craneware CEO Keith Neilson. "We're thrilled to add the healthcare industry's leading 340B platform along with end-to-end compliance and performance improvement software to our robust value cycle solutions suite. These complementary additions provide healthcare organizations with innovative new ways to measurably impact operational and financial performance."
Neilson continued, "Sentry Data Systems shares our core values and unwavering commitment to serve the U.S. healthcare market. This acquisition resents a tremendous opportunity for us to work together to transform the business of healthcare."
Craneware's Pharmacy ChargeLink solution helps U.S. healthcare providers ensure that administered hospital medications are accurately coded, billed and reimbursed at an optimal level. Business algorithms compare units purchased with the volume billed and reimbursed to help organizations more quickly identify charge capture problems and better manage potential compliance risks.
Thousands of hospitals and care locations across the country rely on Sentry's integrated platform to simplify the complexities of pharmacy procurement, utilization and compliance. As a result, these organizations are able to capture more revenue through advanced NDC mapping and flexible configuration options that optimize existing business processes and meet 340B program requirements.
"I'm excited that Sentry will now be part of Craneware to continue the mission of improving healthcare quality and reducing the total cost of care," said Travis Leonardi, RPh, CEO of Sentry Data Systems. "The combined Sentry and Craneware organization represents a powerful opportunity to truly impact healthcare in a meaningful way by building upon our solid foundation of leading talent, innovative technologies and proven reputation across the spectrum of care."
The value cycle is the environment where healthcare providers seize every opportunity to achieve the best outcome for the best cost. This is accomplished through optimization of clinical, operational and financial functions so margins are protected and grown to support a healthcare provider's mission to provide quality care to their communities.
About Sentry Data Systems, Inc.
About Agilum Healthcare Intelligence
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