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07/27/16
Wednesday
Today's Choice: CTVEF
Certive Solutions Inc.
>From Marketwire: The operating results for the month ended June 30, 2016,
>totalled $568,821, the highest month's revenues in the Company's history.
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Sector: Health Care
Industry: Billing Services
SCOTTSDALE, ARIZONA--(Marketwired - July 26, 2016) -ÂCertive Solutions Inc.
(CTVEF)(CSE:CBP) - ("Certive" or the "Company"), is pleased to announce
that operating results for the month ended June 30, 2016, totalled $568,821,
the highest month's revenues in the Company's history. Of this total,
$454,203 was generated by the Titan Division, with an operating margin of
$301,648 or 66% of revenues. Divisionally, Titan was profitable for the
month. Revenues for the month of May 2016 totalled $468,228, of which the Titan
Division accounted for $314,954 with an operating margin of $148,028
or 47%. The increase in Titan Division's operating margin between May and June
is due to the Company's continued focus on the core, high margin, zero
balance business, earned as a percentage of total collections for our clients.Â
The Omega Division continues to expand its hospital footprint in the
northwestern United States and anticipates significant near and long term growth
over the coming months.
The previously disclosed acquisition is also proceeding as planned. Additional
details will be made available at such time as the Company is not bound
by agreements as to confidentiality.
Van Potter, CEO of the Company stated that "operationally Certive is converging
into a full service outsourcing alternative for U.S. hospitals. Our
growth in revenues over the past few months is a significant indicator of the
confidence shared by our clients. Our focus on high margin revenues
segments and the provision of much needed services ensures not only our growth
but the continued growth of our clients."
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-LOOKINGÂAND OTHER STATEMENTSÂ
This press release containsÂforward-lookingÂstatements. These statements relate
to future events or future performance and reflect our expectations
and assumptions regarding our growth, results of operations, performance and
business prospects and opportunities. SuchÂforward-lookingÂstatements
reflect our current beliefs and are based on information currently available to
us. In some cases,Âforward-lookingÂstatements can be identified by
terminology such as "may", "would", "could", "will", "should", "expect",
"plan", "intend", "anticipate", "believe", "estimate", "predict",
"potential", "continue" or the negative of these terms or other similar
expressions concerning matters that are not historical facts.
A number of factors could cause actual events, performance or results,
including those in respect of the foregoing items, to differ materially from
the events, performance and results discussed in theÂforwardÂlookingÂ
statements.Â
Factors that could cause actual events, performance or results to differ
materially from those set forth in theÂforward-lookingÂstatements include,
but are not limited to:Â
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;Â
the ability to obtain sufficient and suitable financing to support operations,
development and commercialization of our services;Â
the risks associated with the development of our technology;Â
the risks associated with the increase in operating costs from additional
development costs and increased staff;Â
the timing and nature of feedback from customers;Âand
our ability to successfully compete in our targeted markets.
Although theÂforward-lookingÂstatements contained in this press release are
based on what we consider to be reasonable assumptions based on
information currently available to us, there can be no assurance that actual
events, performance or results will be consistent with
theseÂforward-lookingÂstatements, and our assumptions may prove to be
incorrect. TheseÂforward-lookingÂstatements are made as of the date of this
press release.ÂForward-lookingÂstatements made in this press release are made
as of the date of the original document and have not been updated by
us except as expressly provided for in this press release. As required by
securities legislation applicable to reporting issuers, it is our policy to
update, from time to time,Âforward-lookingÂinformation in our periodic
management discussions and analyses and provide updates on our activities to
the public through the filing and dissemination of news releases and material
change reports.
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