Certive Solutions Inc. (CSE:CBP) and e5 Workflow Inc. Announce Strategic Technology Partnership
April 07 2014 - 2:45PM
Marketwired Canada
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Certive Solutions Inc.
Brian Cameron
Chief Financial Officer
480-922-5327
bcameron@certive.com
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