ServRx, Inc., a Leading Electronic Workers' Compensation Prescription Claims Processing Company, Selects The Miller Group as Strategic Advisor
(firmenpresse) - SCOTTSDALE, AZ -- (Marketwired) -- 12/17/14 -- ServRx, Inc., a privately owned company located in Scottsdale, Arizona, works with clients in 38 states to develop customized electronic solutions that are designed to accelerate the revenue cycle. The senior management group has experience with numerous types of clients, including independent pharmacies, non-pharmacy dispensing, and national chains. The Company's executive team has processed over $3 billion in workers' compensation and commercial prescription claims over the last decade.
Todd Delano, President and Chief Executive Officer of ServRx, stated, "We have strived to be leaders in the pharmacy claims processing market and therefore it was extremely important for us to locate the right company to assist us through current and future growth opportunities and take our business to the next level. ServRx recently engaged The Miller Group and we are excited to work directly with Rudy R. Miller, the founder of The Miller Group. He has a proven track record in working with high-growth middle-market companies and truly understands the opportunities and challenges facing expanding businesses."
Randall Prust, MD, Chairman of the Board, remarked, "Mr. Miller's business experience as an entrepreneur, public company CEO, and board member of numerous public companies including New York Stock Exchange corporations, is a major benefit for our growth Company. The Miller Group's ability to work with lending institutions, as well as having the ability to make direct investments with its own capital and bring in co-investors, is a plus. ServRx has an excellent young aggressive senior management team and Mr. Miller's mentorship of our executives is a critical component of our advisor engagement."
Rudy R. Miller, Chairman, President and Chief Executive Officer of The Miller Group, commented, "Our firm is extremely impressed with what Todd and his management team have been able to accomplish thus far and believe the Company's processes, technology, and people skills are setting the standard in their industry. Therefore, our firm is pleased to have been selected by ServRx as its strategic advisor. ServRx is a unique company that has a number of compelling opportunities in their market niche."
Mr. Miller continued, "We are enthused to bring our firm's knowledge and experience to ServRx and look forward to assisting the management team in its efforts to maintain leading edge status in the claims processing market and achieve greater heights through the implementation of new strategies and execution of those plans."
was founded in 2011 by veterans of the pharmacy claims processing industry. Many claims processing companies rely on antiquated technology and IT infrastructure. ServRx uses the most sophisticated IT systems in the industry, which means its clients benefit from real-time adjudication and immediate payment confirmation. ServRx's mission is to work closely with each client to develop solutions that maximize revenue cycle.
, established in 1972 and headquartered in Scottsdale, Arizona, is comprised of several affiliated companies including Miller Capital Corporation, Miller Investments, Inc., and Miller Management Corporation. The Miller Group offers a broad range of services including venture capital, private equity investing, debt financing, financial advisory, management consulting, and investor relations to public and private middle-market companies throughout North America, Europe, and Asia. A select group of current and past clients include: America West Airlines, Bowlin Travel Centers, Inc., Capital Title Group, Inc., DELSTAR Companies, Inc., Legal Broadcast Network, LLC, McMurry, Inc., NJOY, Ritz Carlton Magazine, Sequence Media Group, Sunshine Minting, Inc., Telgian Corporation, US Air Express, and VirTra Systems, Inc.
7025 North Scottsdale Road, Suite 235
Scottsdale, Arizona 85253-3675
Tel (602) 225-0505
Fax (602)225-9024
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Datum: 17.12.2014 - 14:30 Uhr
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News-ID 360149
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