Gamble of the week: No.1 billing provider to US hospitals

With the privately-run healthcare system in America so complicated, this provider of billing systems to hospitals should fare well, says Paul Hill.

Unlike Britain's hospitals, America's are privately run. That means they bill patients, healthcare insurers and the government (eg, Medicaid) separately for any treatment costs. This gets complicated, given that an individual hospital can have up to 15,000 different product lines (such as plasters, stitching and wound dressings), which all need to be billed for correctly.

This is where Craneware, the number-one provider of pricing and billing systems to American hospitals (with a market share of about 25%) fits in. The company's software not only saves customers a ton of money in reduced administration time, but it also helps maximise revenues by invoicing customers correctly the first time round.

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Paul gained a degree in electrical engineering and went on to qualify as a chartered management accountant. He has extensive corporate finance and investment experience and is a member of the Securities Institute.

Over the past 16 years Paul has held top-level financial management and M&A roles for blue-chip companies such as O2, GKN and Unilever. He is now director of his own capital investment and consultancy firm, PMH Capital Limited.

Paul is an expert at analysing companies in new, fast-growing markets, and is an extremely shrewd stock-picker.