ATLANTA, Feb. 4, 2020 /PRNewswire-PRWeb/ -- Capio® today announced record sales performance for the year 2019, generating a 25% increase over 2018 results. This marks the second straight year of achieving unprecedented sales performance, providing a 78% increase in sales over the two-year period.
"Thanks to the dedication, efforts, and enthusiasm of our team, Capio delivered another year of record overall results. We finished the year strong, and carry great momentum and opportunities to achieve further successes in 2020," said Mark Detrick, co-founder and Chief Executive Officer, Capio. "Looking ahead, we will continue our focus to serve patient financial needs, build upon strategic partnerships, and deliver positive results to our valued provider clients."
"As high deductible insurance plans and patient financial responsibilities continue to increase, hospitals and physician organizations are looking at alternative ways to address and resolve these growing challenges," notes Dan Kutchel, Chief Sales Officer. "Our provider clients benefit from Capio's unique receivable funding solutions, and trust in our commitment to serve their patients with dignity and respect as we engage with them to resolve their healthcare financial obligations".
Capio assists healthcare providers and physician organizations increase cashflow, while also lowering their bad debt expense. To date, Capio has acquired and provided consumer services to over $30B in patient accounts receivable, via partnerships alongside more than 450 provider clients across the United States. To learn more about Capio, please visit http://www.capiopfw.com.