TORONTO, July 23, 2015 /CNW/ - Syncordia Technologies and Healthcare Solutions, Corp. (TSXV: SYN) ("Syncordia" or "the Company") today announced that its wholly owned subsidiary Health Services Integration ("HSI"), a leader in Emergency Medical Services ("EMS") Revenue Cycle Management ("RCM"), has recently entered into contracts with The East Texas Medical Center Regional Healthcare Systems ("ETMC") in Texas and with Nye, Elko and Eureka Counties in Nevada. The ETMC contract is for air ambulance RCM billing services and the three Nevada contracts are for ground ambulance RCM billing services. HSI's proprietary software platform will be instrumental in helping these clients maximize revenue from EMS operations. Combined these four contracts are anticipated to contribute $500,000 of annual revenue to the RCM Business of Syncordia.
"These contracts expand our geographic customer base in the States of Nevada and Texas and add a significant revenue base to HSI," said Michael Franks, Syncordia's CEO. "By utilizing HSI's powerful real-time software and a dedicated team of experts, these clients have gained additional transparency and critical trend and performance analysis, allowing them to save time and maximize their revenue. We look forward to continuing to build on this momentum with additional contract wins."
ABOUT SYNCORDIA TECHNOLOGIES AND HEALTHCARE SOLUTIONS, CORP.
Syncordia is a technology enhanced revenue cycle management company focused on underserved niche segments of the healthcare industry. 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.
Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Corporation assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Corporation. Additional information identifying risks and uncertainties is contained in the Corporation's filings with the Canadian securities regulators, which filings are available at www.sedar.com.
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SOURCE Syncordia Technologies and Healthcare Solutions, Corp.
For further information: Syncordia Technologies and Healthcare Solutions, Corp., Michael Franks, CEO, t: 647.949.2663, e: [email protected]; Nicholas Badder, Director of Corporate Development and Investor Relations, t: 647.308.1201, e: [email protected]