In a very recent article titled ‘Cloud Revenue Cycle Management’ I introduced you to Certive Solutions CSE – CBP.
Over the past week since I published ‘Cloud Revenue Cycle Management’ Certive has put out two news releases… and added 22 new hospital clients, and thereby a clear path to a significant increase in projected cash flow per month!
The first release, dated August 26th was in regards to a four hospital system zero balance revenue share contract. Zero Balance recoveries represent one of the highest margin lines of business and securing these contractual relationships is a key part of Certive’s growth strategy.
On August 28th Certive published news regarding closing of another contract - an 18 hospital system to provide billing support services and identify underpayment recoveries.
Before last week’s two news releases Certive had 25 hospitals under contract.
After last week’s news Certive added 22 hospitals.. . It will take time for Certive to realize the cash flow from the new hospital relationships but clearly Certive is progressing to its stated target of $6mm in revenue by year’s end.
As they grow from approximately $250,000 in monthly revenue to $500,000 per month and more, they will achieve certain economies of scale and should reach a critical mass where margins improve. This is without factoring the ongoing efficiencies attributable to their technology and its ability to enhance the performance of the hospitals to recoup a greater percentage of denied claims, generating more income for the hospitals and for Certive.
Conclusion
In my first Certive report I said; “Searching for a company that is launching into a fast-growth period in an attractive market? If getting ‘in’ at the start of building something special is what you are looking for then look no further then Certive Solutions CSE-CBP.”
At the end of that report I told you Certive Solutions CSE – CBP should be on everyone’s radar screens.
Is it on yours?
If not, it should be!
Richard lives with his family on a 160 acre ranch in northern British Columbia. He invests in the resource and biotechnology/pharmaceutical sectors and is the owner of Aheadoftheherd.com. His articles have been published on over 400 websites, including:
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Legal Notice / Disclaimer
This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.
Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified.
Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Richard Mills only and are subject to change without notice. Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission.
Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.
Richard does not own shares of Certive Solutions CSE – CBP. Certive is an advertiser on Richard’s site aheadoftheherd.com.
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