| Home : May 17 2014 Computer News : Titan Health Wins USD$2,100,000 Capital Cost Recovery Contract |
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Titan Health Wins USD$2,100,000 Capital Cost Recovery Contract |
May 17, 2014
SCOTTSDALE, ARIZONA--(Marketwired - May 16, 2014) - Certive Solutions Inc. (the "Company or Certive") (CSE:CBP) is pleased to announce that Titan Health Management Solutions Inc. (Titan Health) has won a significant contract to recover over USD$2,100,000 in capital cost expenditures made by a regional US hospital for costs incurred to build a new hospital facility. The recovery will net approximately USD$500,000 to Titan based upon the contractual relationship with the customer. The claims will be made against 15 commercial insurance providers, in strict compliance with legislation that requires these capital cost recoveries to be paid. New hospitals are eligible to make claims similar to the currently contracted recovery, based upon bed utilization over a pre-determined period of time. Capital cost recovery provides for a one-time recovery of a portion of capital costs invested into new hospitals for a period of up to three years after completion of the investment.
Link: http://www.marketwired.com/mw/release.do?id=1911494&sourceType=3
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