Plantation, FL, March 4, 2014 (GLOBE NEWSWIRE) -- Health Revenue Assurance Holdings Inc. (OTCQB: HRAA) ("HRAA")leading provider of revenue integrity solutions for healthcareorganizations, announced today the selection of Tim Lankes as thenew Chief Executive Officer (CEO). Mr. Lankes will takeresponsibility for all HRAA services and company operationsimmediately and serve as the main link between the board ofdirectors and the corporation. Mr. Lankes brings over 30 years of military and businessleadership experience to HRAA with a track record of successfultransformations, startup operations and creating sustained growthin healthcare services and consulting. Most recently, he wasthe VP and Chief Operating Officer for Parallon TechnologySolutions, an IT outsourcing and consulting subsidiary of HospitalCorporation of America. Tim previously held several seniorleadership positions with Perot Systems Corporation over a 15 yeartenure including managing Perot's International Healthcare Divisionand culminated in his leading their Ambulatory IT and Revenue CycleServices Division. Andrea Clark will continue to serve as Chairman and Founder andassumes new title of Chief Visionary Officer (CVO), sharing herpassion for improving the healthcare industry through her writing,consulting and education initiatives. She will continue tofocus on HRAA client's needs, identifying the impacts of futuretrends and designing solutions. "Tim Lankes is a proven leader and will be a great asset toHRAA. We are confident that he will elevate HRAA to new levels ofgrowth and excellence in everything we do," said Clark. "I am excited to join a firm poised for dynamic growth and Ilook forward to fulfilling my mission as a CEO - to ensure HRAAdelivers great, value add services to clients, attracts and retainsgreat people in the domains HRAA chooses to operate, and execute ona business strategy that creates an economic value forshareholders," said Lankes.
Tim holds a BA degree in Management from Abilene ChristianUniversity and a Master of Business Administration from theUniversity of Tennessee. He has served our country with honor as aFirst Lieutenant in the U.S. Army's Field Artillery and as a FieldArtillery Captain in the Tennessee and Minnesota Army NationalGuard.About HRAA Health Revenue Assurance Associates, Inc. (OTCQB: HRAA) assistshealthcare organizations provide the best possible care bymaximizing productivity through a unique blend of technology andservices. The preferred business for hospitals, providers and otherhealthcare organizations, HRAA ensures customers receivebest-in-breed revenue cycle tools and services. Encompassingover 10 years of healthcare provider industry experience, HRAA is aleader in the field in gathering data to understand costs of careand revenues past, present and future. HRAA trains and supplies aproficient, high-tech, high quality workforce to generate thepredictive data used by the entire healthcare system. HRAA deliversa full suite of solutions including analytics tools, medical codingservices, revenue cycle audit services, ICD-9 and ICD-10 education,revenue cycle consulting, and ICD-10 transition solutions. For moreinformation visit: http://www.hraa.com. Caution Regarding Forward LookingStatements Certain statements in this news release and such conference callare forward-looking, including (without limitation) expectations orguidance respecting customer contract expansion, growing revenuesand profits through organic growth and acquisitions, attracting newbusiness that will increase HRAA's revenues, continuing to maintaincosts and consummating any transactions. Undue reliance should notbe placed on such forward-looking statements because the mattersthey describe are subject to known and unknown risks, uncertaintiesand other unpredictable factors, many of which are beyond theCompany's control. The Company's actual results, performance andtrends could differ materially from those indicated or implied bysuch statements as a result of various factors, including (withoutlimitation) the continued strengthening of HRAA's selling andmarketing functions, continued customer satisfaction and contractrenewal, new product development, continued availability of capablededicated personnel, continued cost management, the success andavailability of acquisitions, availability of financing and otherfactors, as well as by factors applicable to most companies such asgeneral economic, competitive and other business and civilconditions. Information regarding certain of those and other riskfactors and cautionary statements that could affect future results,performance or trends are discussed in HRAA's most recent annualreport on Form 10-K, quarterly reports on Form 10-Q, and otherfilings made with the Securities and Exchange Commission from timeto time. All of the Company's forward-looking statements areexpressly qualified by all such risk factors and other cautionarystatements.