Successful industry veteran, Jim Richards, recently partnered with Cindy Armstrong, Doug Sawyer and Mark Detrick to form Capio Partners, LLC. This experienced team selected Ontario Systems' Artiva product and an integrated VoIP telephony platform to launch and grow their new venture.
Muncie, IN (PRWEB) March 21, 2008 -- Successful industry veteran, Jim Richards, recently partnered with Cindy Armstrong, Doug Sawyer and Mark Detrick to form Capio Partners, LLC. This experienced team selected Ontario Systems' Artiva product and an integrated VoIP telephony platform to launch and grow their new venture.
"We have benefited from a successful partnership with Ontario Systems for more than a decade," said Richards, Capio's president and chief executive. "Ontario Systems consistently provides a platform for us to grow our business, and it is backed by outstanding service."
Capio is focused on buying and servicing healthcare debt. With 40 collectors working in a 30,000 square-foot facility, the business expects to hire 250 employees and invest $100 million in healthcare debt purchases within three years.
"When you are launching a new business with aggressive growth goals, you can't afford to take a chance with your technology platform," said Cindy Armstrong, Capio's chief operating officer. "We are confident that the Artiva platform and Ontario Systems' expertise will enable us to reach our goals, just as they have in the past."
"Ontario Systems is extremely excited to, once again, partner with an industry leader like Jim and his team," said Mike Meyer, Ontario Systems' vice president for sales. "Partnering with companies such as Caprio leverages each company's expertise to produce a win/win environment. Our collective success is mutually linked."
About Capio Partners, LLC
Capio specializes in buying and collecting self-pay debt from hospitals and from hospital affiliates specializing in the areas of pathology, radiology, anesthesiology and emergency room service. Capio's headquarters is in Atlanta and its collection operations are located in Sherman, Texas. The time is right to start anew in health care debt because the industry has a huge service void. Big debt buyers don't quite understand hospitals or healthcare debt. And the people who do understand them don't have the capital typically needed to buy the accounts. Capio works with small to mid-size collection agencies to buy debt from many of their clients and together works to collect on the accounts.
About Ontario Systems, LLC
Ontario Systems provides debt collection software to organizations that manage large volumes of accounts receivables. These include hospitals, collection agencies, collection attorneys and bankcard issuers. As the largest provider of receivables management products, including the Artiva, FACS and Guaranteed Contacts systems, Ontario Systems is recognized throughout the industry as the leader in technology and customer service. With operations in Indiana and Ohio, it is a privately held company headquartered in Muncie, Ind. For more information, visit www.ontariosystems.com.
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