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China Nuvo Solar Target Acquisition SurgLine Announces Agreement With Western U.S. Distributor
China Nuvo Solar Engy (QB) (USOTC:CNUV)
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Today : Thursday 11 August 2011
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China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that SurgLine, Inc. has signed an agreement with Tandem Receivable Solutions to a western distributorship. Tandem, working as an Independent Revenue and Contracting Consultant, is committed to assisting the Company from sales through collections for their clients and facilities nationwide.
Tom Toland, CEO of SurgLine stated, "As business owners and consultants in the healthcare revenue cycle, Tandem is fully aware of the revenue issues implants present from the contracting aspect through the procurement, billing and collection process. Together, the group brings an excellent result based reputation and proven work ethic and track record that contributes to their overall success. Combined the Tandem team brings over 47 years of healthcare experience and have cultivated relationships within the medical industry that are integral to the Company's success. Tandem currently services over 25 facilities and each facility does up to 2,000 cases per month."
Mike Fischer, President of Tandem, stated, "We are excited about the remarkable opportunity to partner with SurgLine in this solution to high implant costs. Our business ethics parallels that of SurgLine and was a major factor in our decision to combine forces and utilize each of our industry relationships by working together. Not only will our clients benefit from lower hard costs and ultimately greater net revenue but we are able to partner with a management team at SurgLine that is like no other we have been associated with. Their desire to revolutionize the medical implant industry is genuine and their integrity is unmatched."
SurgLine's Independent Consultant, Robin Workman stated, "The outlay of capital to procure devices is punitive to facilities overall and usually the second or third highest expense a facility realizes each year. SurgLine can cut facility expenses significantly resulting in a better bottom line for the facility. Removing the brand premium also allows facilities to contract with more payers, enjoy higher case volume and attract more physician partners."
About SurgLine, Inc.
SurgLine (www.surgline.com) sources and distributes high quality FDA approved medical and surgical products at discount prices, thereby reducing or eliminating the historical brand premium paid by healthcare providers including acute care hospitals, surgery centers, surgical hospital, self insured employers and insurance companies. SurgLine offers high quality medical and surgical supplies and products at substantial savings utilizing stocking distributors and institutional buyers by sourcing products globally without the historical brand premium and industry markup.
About Tandem Receivable Solutions
Located in Woodland Park, Colorado, Tandem Receivable Solutions is a complete Medical A/R specialist that collects medical claims on the medical facilities' behalf faster, better and at less cost than a traditional collection agency. They specialize in payer payment issues and have a vested interest in financial results and do so through honesty, integrity, and hard work.
About China Nuvo Solar Energy
China Nuvo Solar Energy, Inc. is a development stage company that owns unique patent pending solar and photovoltaic related technology. The Company is also seeking other business opportunities.
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
For Further Information Contact:Henry Fong, President(561-514-9042)
SOURCE China Nuvo Solar Energy, Inc.