HRAA Appoints Tim Lankes as New CEO
March 04 2014 - 5:40PM
Health Revenue Assurance Holdings Inc. (OTCQB: HRAA) ("HRAA")
leading provider of revenue integrity solutions for healthcare
organizations, announced today the selection of Tim Lankes as the
new Chief Executive Officer (CEO). Mr. Lankes will take
responsibility for all HRAA services and company operations
immediately and serve as the main link between the board of
directors and the corporation.
Mr. Lankes brings over 30 years of military and business
leadership experience to HRAA with a track record of successful
transformations, startup operations and creating sustained growth
in healthcare services and consulting. Most recently, he was
the VP and Chief Operating Officer for Parallon Technology
Solutions, an IT outsourcing and consulting subsidiary of Hospital
Corporation of America. Tim previously held several senior
leadership positions with Perot Systems Corporation over a 15 year
tenure including managing Perot's International Healthcare Division
and culminated in his leading their Ambulatory IT and Revenue Cycle
Services Division.
Andrea Clark will continue to serve as Chairman and Founder and
assumes new title of Chief Visionary Officer (CVO), sharing her
passion for improving the healthcare industry through her writing,
consulting and education initiatives. She will continue to
focus on HRAA client's needs, identifying the impacts of future
trends and designing solutions.
"Tim Lankes is a proven leader and will be a great asset to
HRAA. We are confident that he will elevate HRAA to new levels of
growth and excellence in everything we do," said Clark.
"I am excited to join a firm poised for dynamic growth and I
look forward to fulfilling my mission as a CEO - to ensure HRAA
delivers great, value add services to clients, attracts and retains
great people in the domains HRAA chooses to operate, and execute on
a business strategy that creates an economic value for
shareholders," said Lankes.
Tim holds a BA degree in Management from Abilene Christian
University and a Master of Business Administration from the
University of Tennessee. He has served our country with honor as a
First Lieutenant in the U.S. Army's Field Artillery and as a Field
Artillery Captain in the Tennessee and Minnesota Army National
Guard.
About HRAA
Health Revenue Assurance Associates, Inc. (OTCQB: HRAA) assists
healthcare organizations provide the best possible care by
maximizing productivity through a unique blend of technology and
services. The preferred business for hospitals, providers and other
healthcare organizations, HRAA ensures customers receive
best-in-breed revenue cycle tools and services. Encompassing
over 10 years of healthcare provider industry experience, HRAA is a
leader in the field in gathering data to understand costs of care
and revenues past, present and future. HRAA trains and supplies a
proficient, high-tech, high quality workforce to generate the
predictive data used by the entire healthcare system. HRAA delivers
a full suite of solutions including analytics tools, medical coding
services, revenue cycle audit services, ICD-9 and ICD-10 education,
revenue cycle consulting, and ICD-10 transition solutions. For more
information visit: http://www.hraa.com.
Caution Regarding Forward Looking
Statements
Certain statements in this news release and such conference call
are forward-looking, including (without limitation) expectations or
guidance respecting customer contract expansion, growing revenues
and profits through organic growth and acquisitions, attracting new
business that will increase HRAA's revenues, continuing to maintain
costs and consummating any transactions. Undue reliance should not
be placed on such forward-looking statements because the matters
they describe are subject to known and unknown risks, uncertainties
and other unpredictable factors, many of which are beyond the
Company's control. The Company's actual results, performance and
trends could differ materially from those indicated or implied by
such statements as a result of various factors, including (without
limitation) the continued strengthening of HRAA's selling and
marketing functions, continued customer satisfaction and contract
renewal, new product development, continued availability of capable
dedicated personnel, continued cost management, the success and
availability of acquisitions, availability of financing and other
factors, as well as by factors applicable to most companies such as
general economic, competitive and other business and civil
conditions. Information regarding certain of those and other risk
factors and cautionary statements that could affect future results,
performance or trends are discussed in HRAA's most recent annual
report on Form 10-K, quarterly reports on Form 10-Q, and other
filings made with the Securities and Exchange Commission from time
to time. All of the Company's forward-looking statements are
expressly qualified by all such risk factors and other cautionary
statements.
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CONTACT: Katerina Jones, Director of Marketing
954.472.2340