Craneware Group | Positive AGM Update
Craneware has released a positive update ahead of the AGM today and announced changes to the Non-Executive Directorate. The company confirmed that the positive momentum seen in FY24 has continued into the current year. Craneware reiterated its confidence in achieving growth acceleration over the near term. The FY24 results confirmed that the full benefits of the transition to the cloud based Trisus platform are beginning to shine through which then prompted us to raise our forecast for revenue growth to an average of c8.5% from c6.0%, including over 9% growth for this year. Today's announcement supports that trajectory, and we maintain our forecasts. Our discounted cash flow-based valuation of 3,073p is still 35% above the current share price. Craneware sits in the sweet spot of the structural transformation underway in the US healthcare market to value-based care which is currently also the hottest area of healthcare SaaS M&A activity.Craneware is engaged in the development, licensing and ongoing support of computer software for the U.S. healthcare industry. Co.'s solutions span four product families: Patient Engagement, Charge Capture & Pricing, Revenue Collection & Retention, and Cost Analytics. The patient engagement segment provides: medical necessity & prior authorization, and patient responsibility. The charge capture & pricing segment provides procedures, pharmacy, and supplies. The revenue recovery & retention segment provides billing & claims analysis, audit management, and denials management. The cost analytics segment provides cost of care.
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