Certive Solutions (Certive Solutions) Accounts Payable & Accrued Expense : $6.26 Mil (As of Feb. 2024)

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What is Certive Solutions Accounts Payable & Accrued Expense?

Certive Solutions's quarterly accounts payable & accrued expense increased from Aug. 2023 ($5.57 Mil) to Nov. 2023 ($5.90 Mil) and increased from Nov. 2023 ($5.90 Mil) to Feb. 2024 ($6.26 Mil).

Certive Solutions's annual accounts payable & accrued expense increased from May. 2021 ($2.62 Mil) to May. 2022 ($3.87 Mil) and increased from May. 2022 ($3.87 Mil) to May. 2023 ($5.07 Mil).

Certive Solutions Accounts Payable & Accrued Expense Historical Data

The historical data trend for Certive Solutions's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Certive Solutions Accounts Payable & Accrued Expense Chart

Certive Solutions Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Accounts Payable & Accrued Expense

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1.75

1.86

2.62

3.87

5.07

Certive Solutions Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															5.15	5.07	5.57	5.90	6.26

Certive Solutions Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Certive Solutions (Certive Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Certive Solutions Inc (OTCPK:CTVEF) » Definitions » Accounts Payable & Accrued Expense

Comparable Companies

Traded in Other Exchanges

CBP:Canada

Address

8149 North 87th Place, Scottsdale, AZ, USA, 85258

Website

https://www.certivehealth.com

Certive Solutions Inc is a service provider in the Revenue Cycle Management (RCM) segment of the United States healthcare industry. The company provides claims audit and recovery solutions. Along with its subsidiaries, the Titan and Omega divisions provide retrospective claim audits against payer contracts, identify underpayments, and rebill and collect revenues for hospital customers. Its lines of business include billing support, claim audit and recovery, consulting services and chargemaster/lost charge recovery. The Company currently provides services to hospital clients enhancing the efficiency and effectiveness of lost charge recovery services, in revenue-sharing relationships that improve hospital clients' net operating results.

Certive Solutions (Certive Solutions) Headlines

From GuruFocus

Certive Announces Annual General Meeting Results and Offering

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Certive Announces Expanded Partnership with TechSlayers to Provide Cybersecurity Solutions

By ACCESSWIRE ACCESSWIRE • 03-08-2022

Certive Announces Expanded Scope of Work with Major Client

By ACCESSWIRE AccessWire • 04-12-2019

Certive Announces New Hospital Client

By ACCESSWIRE ACCESSWIRE • 07-16-2021

Certive Announces New Board Member and AGSM

By ACCESSWIRE ACCESSWIRE • 09-01-2021