Certive Solutions Inc. (CSE: CBP) Announces Strategic Relationship Partner
March 11 2014 - 9:15AM
Marketwired
Certive Solutions Inc. (CSE: CBP) Announces Strategic Relationship
Partner
SCOTTSDALE, ARIZONA--(Marketwired - Mar 11, 2014) - 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.
Certive Solutions Inc.Brian CameronChief Financial
Officer480-922-5327bcameron@certive.com
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