SCOTTSDALE, ARIZONA--(Marketwired - Oct. 11, 2016) - Certive Solutions Inc. (OTCQB:CTVEF)(CSE:CBP) - ("Certive" or the "Company"), is pleased to announce that effective September 29, 2016, the Company and the principals of Omega Technology Solutions Inc. (Omega) agreed to convert a total of US$600,000 in Certive's original purchase price for the assets of Omega into a minimum of 3,000,000 common shares of Certive. The Company purchased the assets of Omega on July 14, 2015 for and in consideration of cash, promissory notes in favor of Omega and its principals, common shares, and convertible preferred shares subject to earn out provisions.
Ann Whatley, founder of Omega, reiterated the comments made by Thomas Hoehner and Todd Hisey, co-founders of the Titan Division, stating that "the goals and objectives we collectively set for ourselves in the early Certive days have come to pass and we look forward with nothing but excitement at the future opportunities for all stakeholders in this high energy, young minded, enterprise. I am personally delighted to accept the conversion of the Omega purchase price into shares of Certive."
Van Potter, CEO, and Brian Cameron, CFO, stated that "Omega Division represents Certive's entrance into the Lost Charge Recovery category of revenue cycle management. Omega has a 20-year history in delivering quality services to its clients identifying provider charges that were not captured in the original bill to health payors for a variety of reasons. We believe that the Omega Division will be a significant contributor to overall net performance of Certive given its unique offering and the competency upon which it services are delivered to its clients."
For more information, please visit our website at www.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.
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