Certive Solutions, a provider of revenue cycle management solutions, reported revenue of $568,821 for the month ended June 30.
The company said it is the highest month’s revenue in Certive’s history.
Of the $568,821 total revenue, $454,203 was generated by the company’s Titan Division, with an operating margin of $301,648 or 66 percent of revenue.
Certive Solutions said its Omega Division continues to expand its hospital footprint in the northwestern part of the country and expects significant near-and long-term growth over the coming months.
Van Potter, CEO of the company, stated in a news release, “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.”
More articles on healthcare finance:
7 hospital bankruptcies so far in 2016
5 reactions to CMS' new mandatory bundled payments for cardiac care
4 ways healthcare organizations can reduce claim denials