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Avisena Announces Major Increases in Profit for Second Quarter 2009
Date:8/18/2009

Revenue Cycle Management Specialists, Avisena, Announces Increased Earnings for the Second Quarter, Including Positive Operating Profit for the Year-to-Date.

Miami, FL (PRWEB) August 18, 2009 -- Avisena, Inc., a revenue cycle management (RCM) company servicing the health care industry that offers a proprietary, Internet-based technology platform, announced strong second quarter results driven by a growing demand in healthcare practice management solutions. Avisena cites consistent sales productivity, technology enhancements as well as operational improvements as the reason for the companies continued financial success.

Operating profit was up 148 percent compared to the same quarter in 2008. Avisena continues to thrive in the midst of a struggling US (Global) economy and is well on track to deliver an eighth consecutive year of steady financial growth.

"Even in these economically difficult times, Avisena is continually hiring and creating opportunities in the communities we do business; we also are increasing shareholder value by steady growth and projected increases in revenue," said Mike Maseda, Avisena President and CEO. "Avisena has experienced a 20 percent growth in year-to-date claims revenue from '08 to '09. These metrics can be attributed to our continued innovation, relentless focus on client service, and superior client collection results," explained Maseda.

According to the Medical Group Management Association 73 percent of practices are dealing with operating costs that are rising more rapidly than revenue. Traditionally run medical practices are being squeezed by increasing cost pressure coupled with declining payer reimbursement resulting in significant reduction in profits. In order to combat these on-goin
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Source: PRWeb
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