Certive Solutions Inc. Announces Recent Growth in Knowledge Capital Alliance Inc.
12 Septembre 2017 - 3:49PM
Certive Solutions Inc. (OTCQB:CTVEF) (CSE:CBP) - (“Certive” or the
“Company”), is pleased to provide the following update on growth in
its wholly-owned subsidiary, Knowledge Capital Alliance (KCA).
During the past year, KCA has been focused on
selling its VMSG Dashboard branded performance management system to
public health departments in the United States. The VMSG
Dashboard is a performance management system designed
specifically to assist public health departments in the
development, implementation and performance management of the
Strategic and Operational Planning process. The Dashboard
facilitates quick and accurate planning changes and is
designed to allow both internal and external users to keep their
plans up-to-date in real time. For public health departments
seeking PHAB accreditation, the VMSG Dashboard has been designated
as "fully demonstrated" by the Public Health Accreditation Board
for Standard 9.1 applicable to most U.S. public health
departments.
KCA’s customer base has grown from 27 health
departments in 10 states to 55 health departments in 17 states in
just over 10 months, and the opportunity pipeline has grown
significantly from 45 to over 160 public health departments with an
expected 300% increase in potential annual revenues. The VMSG
Dashboard is a software as a service (SaaS) recurring revenue
business model. As new public health units license the VMSG
Dashboard, the recurring revenue grows. KCA’s recurring revenues
have increased from $77,000 per year to $128,000 per year in the
past 6 months, a 66% increase. KCA’s average client has 24 users.
As a SaaS provider, operating overhead is minimized, and over 60%
of all new gross revenue accrete to EBITDA and grow as revenue
grows. An additional benefit as SaaS provider is KCA can
continuously upgrade its service to all clients, responding quickly
to the client’s changing needs. The U.S. healthcare market is
changing as reform initiatives drive to lower costs, improve
outcomes, and improve the general health of the population. U.S.
public healthcare departments will work more closely with local
care providers which Certive believes will provide opportunities
for expanded services for both Certive and KCA.
As KCA expands its presence throughout the
nation, it is also expanding its presence at major annual
conferences such as the National Association of City and County
Health Officials which is attended by over 1,300 public health
leaders. Recently the Company was invited to present to 44 health
departments at TACCHO conference in Austin, Texas.
For more information, please visit our
website at www.certive.com, or
contact Certive directly at 480-922-5327.
Brian CameronChief Financial Officer
bcameron@certive.com
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
This press release
contains forward-looking statements. 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.
Such forward-looking statements reflect our current
beliefs and are based on information currently available to us. In
some cases, forward-looking statements 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
the forward looking statements.
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 ability of the Company and Titan to complete the
transactions contemplated in the settlement agreement and to
complete the repurchase of Titan assets;
- 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.
Although
the forward-looking statements 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 these forward-looking statements, and our
assumptions may prove to be incorrect.
These forward-looking statements are made as of the date
of this press release. Forward-looking statements 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, forward-looking information 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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