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Craneware lifts its performance
CRANEWARE, the Livingston-based firm whose software helps healthcare providers reduce billing errors, has reported a strong rise in revenues and profits.
The company said profits before depreciation, amortisation and share-based payments rose to 2.6 million in the year to the end of June, compared to 2.2m last year.
Revenues increased by just under a quarter to 10.6m.
Keith Neilson, Craneware's chief executive, said: "Our first year as a public company has seen Craneware increase its customer base, broaden its product set and maintain its market-leading position in the US healthcare financial performance improvement market."
He added that legislation and fiscal pressures are forcing US hospitals to improving financial management, helping its growth.
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