Certive Solutions Inc. (CSE: CBP) and e5 Workflow Inc. Announce Strategic Technology Partnership
April 07 2014 - 2:45PM
Marketwired
Certive Solutions Inc. (CSE: CBP) and e5 Workflow Inc. Announce
Strategic Technology Partnership
SCOTTSDALE, ARIZONA--(Marketwired - Apr 7, 2014) - The Board of
Directors and Management of Certive Solutions Inc. (the "Company or
Certive") (CSE:CBP) and e5 Workflow Inc. ("e5 Workflow") are
pleased to announce a strategic relationship to develop unique
workflow solutions for Certive. Certive's solutions will be based
on e5 Workflow's proprietary LEAN thinking principles, delivered in
a dashboard format incorporating intuitive mapping process software
and will be targeted at the U.S. hospital market, specifically
Certive's focus on revenue lifecycle and recovery of denied
insurance claims. These workflow solutions will enable Certive to
achieve significantly greater capture rates on denied claims for
its customers and hence greater revenue share with hospitals. The
collaboration will be an ongoing process of improving the use of
this software technology in the provision of Certive's cloud
solutions to its customers throughout the United States. e5's
Adaptive Business Workflow is particularly applicable to medical
claims processing and medical billing, where the people process
requires constant monitoring and improvement.
The enactment of the Patient Protection and Affordable Care Act
(PPACA) of 2010 is just beginning to affect the way healthcare
organizations, such as U.S. hospitals operate. Significant focus on
efficiency, forming collaborative health delivery models, and
investing in low-cost, high-value technology solutions will be a
key driver to ensuring hospital viability. e5 Workflow tools
optimize people, processes, existing systems, data, documents,
policies, and protocols. Certive's objective, being to maximize
recovery of insurance claims denied to hospital providers, will
utilize e5 to analyze internal hospital processes thus improving,
automating and controlling the re-engineered tasks, work, and
processes for tomorrow.
e5's platform is currently being used by 20 of the 25 healthcare
payers in Australia and has significant credentialed depth in
medical claims processing, medical billing, medical records and
patient accounting and billing records, making the platform an
ideal tool for Certive as new opportunities to improve financial
performance become vital to hospital administration.
In the collaboration, e5 will develop workflow tools targeted at
unique aspects of hospital revenue cycle management. Certive will
own the rights to all solutions developed within the collaboration.
The e5 platform will be the basis for all workflow tool development
and accordingly, e5 will be compensated on commercial terms for the
development work undertaken and periodic license payment as
required to support the use of the platform within each workflow
solution.
Certive recently announced its intention to acquire the assets
of Titan Health Management Solutions, Inc. ("Titan"). Titan
specializes in partnering with hospitals to enhance their revenue
cycle management. The collaboration between Certive and e5 Workflow
recently commenced with a detailed analysis of Titan's workflow
process and the data requirements to build a scalable and
expandable workflow tool for use in denied claims management and
revenue recovery. The goal objective is to design workflow
processes that facilitate rapid scaling of Titan's established
presence in the denied claims recovery market.
Tony Mudie, President of e5 Workflow, stated that "the strategic
partnership with Certive provides e5 with immediate access to the
U.S. hospital market, a key segment for us. Insofar as we have a
strong presence in healthcare in Australia and have developed
medical billing workflow solutions in that market, we were seeking
a viable entry into the U.S. market and this relationship provides
that opportunity."
Van Potter, CEO of Certive, noted that "the e5 Workflow team are
experienced in our chosen market, their culture matches with ours
in terms of developing and implementing relevant solutions for the
U.S. hospital market, and we believe that these factors will enable
us to maintain a competitive advantage as a cloud solution provider
in the recovery of denied insurance claims."
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.
About e5 Workflow Inc.
e5 Workflow Inc. (San Francisco, California, Sydney, Australia)
is an innovator and enabler of process-based solutions that are
Built for Business. With capabilities for Document Processing,
Dynamic Case Handling and Work Management, e5 provides a singular
platform for building new and extended process solutions while
fully leveraging existing line-of-business systems and
applications. Using e5 Workflow, our customers can quickly
transform their business interaction, transaction and service
delivery processes to get work done faster, better & cheaper.
e5 was founded in 1989 and is based in San Francisco, California
with offices in Sydney, Australia.
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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