Plantation, FL, March 24, 2014 (GLOBE NEWSWIRE) -- Health Revenue Assurance Holdings Inc. (OTCQB: HRAA) ("HRAA") a leading provider of revenue integrity solutions for healthcare organizations, announced today the addition of healthcare sales veteran, Dennis Veasman, as Senior Vice President (SVP) of Business Development and Sales.
Mr. Veasman brings over 30 years of strategic and hands-on healthcare sales and management experience to HRAA. He will be responsible for leading all sales activities and will be instrumental in developing and delivering HRAA's sales strategies for securing new business and in enhancing our relationships with our existing clients.
Previously, Mr. Veasman worked in senior-level sales roles for some of the industry's largest companies including M*Modal, CodeRyte, and Nuance Communications. In these roles, Dennis was responsible for securing major healthcare clients including Tenet Healthcare, HCA, Banner Health, Sutter Health, and Universal Health.
"I am excited to join HRAA and look forward to working with this incredibly talented organization. HRAA's services are adding value and benefit to our clients as they meet the challenges of ICD-10 and beyond," said Veasman.
During in his career, Mr. Veasman built and owned a number of healthcare businesses which provided services to major hospitals and state hospital associations around the nation. He sold one of his companies to Nuance Communications after receiving the Best in KLAS award. Additionally, one of his businesses made the INC 500 list of fastest growing companies.
"Dennis is a consummate professional with immense knowledge of the healthcare industry. With his years of experience, Dennis is poised to make an immediate impact on our business," said Tim Lankes, HRAA's CEO.
About HRAA
Health Revenue Assurance Associates, Inc. (OTCQB: HRAA) assists healthcare organizations provide the best possible care by maximizing productivity through a unique blend of technology and services. The preferred business for hospitals, providers and other healthcare organizations, HRAA ensures customers receive best-in-breed revenue cycle tools and services. Encompassing over 10 years of healthcare provider industry experience, HRAA is a leader in the field in gathering data to understand costs of care and revenues past, present and future. HRAA trains and supplies a proficient, high-tech, high quality workforce to generate the predictive data used by the entire healthcare system. HRAA delivers a full suite of solutions including medical coding services, revenue cycle audit services, ICD-9 and ICD-10 education, revenue cycle consulting, and ICD-10 transition solutions. For more information visit: http://www.hraa.com.
Caution Regarding Forward Looking Statements
Certain statements in this news release and such conference call are forward-looking, including (without limitation) expectations or guidance respecting customer contract expansion, growing revenues and profits through organic growth and acquisitions, attracting new business that will increase HRAA's revenues, continuing to maintain costs and consummating any transactions. Undue reliance should not be placed on such forward-looking statements because the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond the Company's control. The Company's actual results, performance and trends could differ materially from those indicated or implied by such statements as a result of various factors, including (without limitation) the continued strengthening of HRAA's selling and marketing functions, continued customer satisfaction and contract renewal, new product development, continued availability of capable dedicated personnel, continued cost management, the success and availability of acquisitions, availability of financing and other factors, as well as by factors applicable to most companies such as general economic, competitive and other business and civil conditions. Information regarding certain of those and other risk factors and cautionary statements that could affect future results, performance or trends are discussed in HRAA's most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and other filings made with the Securities and Exchange Commission from time to time. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements.
###