Revenue growth continues at Craneware

US healthcare software developer Craneware said first half trading has been positive as increased levels of sales start to contribute to revenue growth.

The group, which provides monitoring and automated revenue systems, said it expects to report revenue growth to $20.1m, up from $18.8m in the same half in 2012 with further growth at the adjusted EBITDA level of around 15% from the same period last year.

Craneware said this performance is in line with management's expectations, "delivering similar first half to second half expectation splits as those seen in the previous financial year."

CEO Keith Neilson commented, "The increased levels of sales activity discussed at the time of our final results in September 2012 have begun to contribute to revenue growth."

"Fiscal and regulatory pressures on US hospitals, including the recently announced expansion of the Medicare Recovery Audit Contractor Programme, continues to drive interest in our suite of software solutions and we are confident in the ongoing strength of our position within this growing area of the US healthcare market."

CJ