SCOTTSDALE, ARIZONA--(Marketwired - Aug. 2, 2016) - Certive Solutions Inc. (OTCQB:CTVEF)(CSE:CBP) - ("Certive" or the "Company"), is pleased to announce that effective July 26, 2016, the Company's Omega division executed an agreement with a major U.S. hospital to review outpatient pharmacy accounts for undercharges related to waste and inaccurate allocation of pharmacy units to patient accounts. Pursuant to the terms of the agreement, the Company will identify accounts to be reviewed, bill the denied claims with appropriate documentation and perform appropriate follow-up for payment.
The agreement is an expansion of a current customer relationship and a new segment of charge accuracy and chart review for the Omega division, representing opportunities across multiple Certive customers in all divisions.
Van Potter, CEO commented that "the opportunities for recovery of lost charges on pharmacy accounts is not only a new segment of business for Omega but one that leverages over 20 years of identifying missing charges in outpatient surgeries nationwide. Certive will deploy its resources to expand the scope of this "blue ocean" opportunity." Brian Cameron, CFO noted that "the technology developed by Omega and used internally to conduct these reviews will continue to significantly enhance the scale and accretive nature of the cash flow generated by the Omega division."
For more information, please visit our website at www.certive.com, or contact Certive directly at 480-922-5327.
About Certive Solutions Inc.
Certive Solutions Inc. (Scottsdale, Arizona) provides revenue cycle management solutions to the U.S. healthcare market. Certive's claim audit and recovery services, billing services, and software solutions help providers work with payers to efficiently manage the reimbursement process and improve financial performance. Certive's highly skilled and experienced management team, combined with proprietary workflow and analytics, audit and identify, and bill and collect, underpayments in accordance with contractual obligations between the public or commercial insurance carrier and the designated provider. The healthcare market is changing. Certive works with clients to provide efficient and effective solutions aligned with reform initiatives to improve healthcare and reduce costs.
FORWARD-LOOKING AND OTHER STATEMENTS
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Factors that could cause actual events, performance or results to differ materially from those set forth in the forward-looking statements include, but are not limited to:
• the effect of continuing operating losses on our ability to obtain, on satisfactory terms, or at all, the capital required to remain a going concern;
• the ability to obtain sufficient and suitable financing to support operations, development and commercialization of our services;
• the risks associated with the development of our technology;
• the risks associated with the increase in operating costs from additional development costs and increased staff;
• the timing and nature of feedback from customers; and
• our ability to successfully compete in our targeted markets.
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