Certive Solutions Inc. (CSE:CBP) Announces Six Hospital System Closing
21 July 2014 - 11:25PM
Marketwired Canada
The Board of Directors of Certive Solutions Inc. (the "Company") (CSE:CBP), is
pleased to report that effective July 21, 2014, the Company is implementing Zero
Balance collection for a multi hospital system located in California.
Preliminary file testing has been successfully conducted during the past 30 day
period, and with the concurrence of our customer, implementation will proceed
effective immediately. Initially the claim inventory will consist of over 10,000
files that will be audited for recovery.
Additionally, we are pleased to advise that a well-respected regional community
hospital located in Arizona has, effective today, confirmed our appointment to
collect zero balance claims.
Zero balance recoveries represent one of the highest margin lines of business
for our Company. Securing these types of contractual relationships is germane to
our growth strategies. Furthermore, these customer acquisitions typify the blend
of independent community hospitals and larger hospital systems that we continue
to target for growth.
We are proud to add these two significant customer acquisitions to our growing
base of satisfied relationships.
Investors seeking additional information are asked to contact Scott Thomas, Vice
President, Market Functions, at 480 922-5327.
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
health care 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
company nor the Canadian Securities Exchange accepts responsibility for the
adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Certive Solutions Inc.
Scott Thomas
Vice President, Market Functions
480-228-5881
Certive Solutions Inc.
Brian Cameron
Chief Financial Officer
480-922-5327
bcameron@certive.com
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