Another Contract Win Which Continues to Illustrate the Prudence of the Syncordia Vision.
TORONTO, April 14, 2016 /CNW/ - Syncordia Technologies and Healthcare Solutions, Corp. (TSXV: SYN) ("Syncordia" or the "Company") today announced that its wholly owned subsidiary Health Services Integration Inc. ("HSI"), a leader in Emergency Medical Services ("EMS") revenue cycle management ("RCM"), has entered into a five year contract, with 5 year auto renewals, with Jet 911 of Kew Gardens, New York ("Jet911"). Jet 911 is a fixed wing air ambulance service. This contract is expected to provide over $375,000 of revenue per year to HSI before additional partner growth and expansion.
Michael Franks CEO of Syncordia says "there is a quiet revolution taking place in the immense RCM market today. Increasing complexity is causing operators to look outside their walls, to maximize their RCM objectives, with an industry leader, so they may focus on their core business. Syncordia is positioning itself to be one of those leaders. So many of those trying to keep up with the RCM market themselves are falling behind on analytics, collections, operational excellence and it costs them more in the end then outsourcing. Together with Syncordia's Cloud ("proprietary software suite") and execution strategy, Syncordia is and will continue to capitalize on this macro shift to become a company's strategic partner in its future RCM success.
Mr. Franks added "We are yet again pleased to earn the respect and confidence of our new customer and contribute in a meaningful way to their future success. "Consistent with our three-pronged growth strategy, we are focused on: 1) driving organic growth; 2) commercializing our SaaS solutions; and 3) completing accretive acquisitions. This contract is another good example of the core focus of our organic initiatives."
About Jet 911
Jet 911 arranges chartered air ambulance service under the tightest time constraints and understands emergency medical transport can be both emotionally and logistically overwhelming. Jet 911 manages every detail by not only prioritizing proactive, efficient medical management, but also recognizing the most important ingredient to guiding your family through this process: empathy. Jet 911's chartered emergency medical flights are mobile mini intensive care units capable of providing critical care services and a multitude of highly technical, life-saving functions during transport. http://jet911.com/
About Syncordia Technologies and Healthcare Solutions, Corp.
We are a technology enhanced revenue cycle management ("RCM") company focused on underserved niche segments of the healthcare industry. We are focused on using our proprietary software suite as an accelerator for growth. We are building a diversified software and services business by consolidating healthcare billing providers. Our growth strategy is to acquire RCM businesses with and without software and, improve their profitability by increasing revenues and operating efficiencies using our software, and in time, commercializing the Syncordia Cloud, our cloud-based software offering, to provide customer demanded turn-key solutions from a single provider and to address compelling RCM market opportunities.
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Forward Looking Statements
Certain statements herein may be "forward looking" statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Syncordia or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and we assume no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances.
SOURCE Syncordia Technologies and Healthcare Solutions, Corp.
For further information: Michael Franks, Chief Executive Officer, (647) 949-2663, firstname.lastname@example.org