Monday, 7 September 2009

Craneware in rude health

(By Anthony Miller – Monday 7th September 2009 9:30am). It’s getting to be a moot point whether to class AIM-listed, healthcare software player, Craneware, as a ‘little British battler’ given that all its revenues derive from the US and it refers to itself as being based in Orlando. But Cranware’s roots are well north of the border (see ‘Braveheart’ Craneware conquering US healthcare market) and we should be proud of its success. Indeed, Craneware reported another cracking set of results for its FY (see here), with profits apparently a year ahead of market expectations, helped a little by a stronger dollar (Craneware reports in USD) making UK staff costs cheaper.

While giants like Allscripts/Misys and Sage/Emdeon desperately try to claw their fair share of the ‘bonanza’ stimulus to the US healthcare sector, minnows like Craneware, with a very targeted revenue management proposition, appear to be making better headway. Good on them. Anyway, Phil Carnelley will tell you more after tomorrow’s briefing.

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