Certive Solutions Inc. (CSE:CBP) Announces Strategic Relationship Partner
12 March 2014 - 12:15AM
Marketwired Canada
The Board of Directors of Certive Solutions Inc. (the "Company") (CSE:CBP) is
pleased to announce a strategic alliance with Titan Health Care Management
Solutions ("Titan Health") of Tucson Arizona. The partnership is comprehensive
in scope given Titan Health's deep domain experience and knowledge of the
intricacies associated with revenue life cycle management in the U.S. Hospital
market. The combination of this expertise and connectivity combined with the
Company's workflow software solutions specifically designed for hospital revenue
recovery, will be a significant enabler to scaling new business opportunities
identified by both partners.
Titan Health specializes in partnering with hospitals to enhance their revenue
cycle management success. Titan Health provides a wide range of services,
including zero balance audit and recovery, denial management, early out /
insurance A/R collections, third party liability collections, and billing and
collection support services. Titan Health has developed expertise and unique
processes that enhance revenue and assist hospital financial services staff,
recovering over US$10 million annually for its hospital partners. Titan Health
has established credibility as a valuable resource to hospitals and works
diligently to identify and recover previously unidentified sources of revenue
without impacting the hospital's already overburdened administrative staff. With
over 40 employees engaged in the revenue cycle process at Titan Health's Arizona
offices, and over 25 hospitals currently under contract, Titan Health is a
valuable resource to its hospital partners. Titan Health was proud to celebrate
its 12th year of operations in February.
The alliance is significant for both companies insofar as revenue lifecycle
recovery is becoming an ever more critical survival strategy for U.S. hospitals.
Outsourcing to responsible and trusted third parties is the most viable option
for hospitals seeking to generate additional cash flow with no inherent costs
other than those associated with collection. Demonstration of scaling capability
is the key to securing significant market share. Certive's workflow solutions
provide all of the necessary tools to facilitate the scaling process.
Thomas Hoehner, CEO of Titan Health commented that "the partnership with Certive
will significantly enhance our internal capacities and efficiencies with the
result that our collection and audit timeframes will be reduced, our recovery
rates will increase, and our ability to service a very large population of
national hospital systems will be immediately effective. The increased
scalability and performance efficiency will set the foundation for an aggressive
stage of growth in the immediate future. We at Titan Health look forward to a
long and prosperous affiliation with Certive."
Van Potter, CEO of the Company noted that "for our Company, Titan delivers
access to our target markets, an existing base of customers from which we can
both leverage additional revenues, and a deep rich understanding of the highly
complex and ever changing U.S. hospital marketplace. We are very optimistic of
the potential in this alliance."
ON BEHALF OF THE BOARD OF DIRECTORS OF CERTIVE SOLUTIONS INC.
Van Potter, President, CEO, Director
About Certive Solutions Inc.
Certive Solutions Inc. (Scottsdale, Arizona) provides cloud revenue cycle
management solutions to U.S. hospitals, delivered collaboratively, utilizing
proprietary workflow document management and analytics technologies tailored to
healthcare business processes. Certive is currently focused on the denied claim
segment of revenue cycle management. Certive's solutions enhance the efficiency
and effectiveness of denied claims recovery in a revenue sharing relationship
that improves hospital net operating results.
The forward-looking information contained in this press release is made as of
the date of this press release and except as required by applicable law, the
company does not undertake any obligation to update publicly or to revise any of
the included forward-looking information, whether as a result of new
information, future events or otherwise. By its very nature, such
forward-looking information requires the company to make assumptions that may
not materialize or that may not be accurate. This forward-looking information is
subject to known and unknown risks and uncertainties and other factors, which
may cause actual results, levels of activity and achievements to differ
materially from those expressed or implied by such information. Neither the
Canadian Securities Exchange) accepts responsibility for the adequacy or
accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Certive Solutions Inc.
Brian Cameron
Chief Financial Officer
480-922-5327
bcameron@certive.com
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