Rizk Ventures has acquired Workforce Prescriptions, a Tampa-based provider of SaaS solutions for the healthcare sector. No financial terms were disclosed. As a result of the transaction, WRx will be rebranded RV Healthcare Analytics.
NEW YORK, Jan. 7, 2016 /PRNewswire/ — Rizk Ventures (www.rizkventures.com), a privately held investment firm, has announced that it has acquired Workforce Prescriptions (“WRx”) and that the company will be renamed RV Healthcare Analytics (“RVHA”) (www.rvhanalytics.org). Headquartered in Tampa, RVHA is a provider of Software-as-a-Service (SaaS) solutions to the healthcare industry with a focus on assisting hospitals in significantly decreasing costs and improving outcomes without reducing staff. Original founders Charlie Dawson and Dean Kristiniak maintain positions as Chief Executive Officer and Chief Operating Officer respectively and the company has hired Jason Palmer, a technology industry veteran, as President.
“RV Healthcare Analytics (RVHA) helps healthcare organizations identify unnecessary expenses, remediate costly practices, and develop healthy alternatives to misaligned legacy methodologies,” said Co-Founder, and Chief Executive Officer, Charlie Dawson. “Our Value Enhancement Program has returned an average of 9% of revenue annually to hospitals’ bottom lines while involving hospital staff in the identification and execution of solutions.”
RVHA’s Value Enhancement Program begins with a proprietary Operational Efficiency Diagnostic which identifies achievable value potential for over 100 areas of performance. The program engages staff in the identification, planning, and execution of initiatives to reduce costs, increase revenue and improve outcomes, and incorporates dozens of proprietary software tools including a cutting-edge, rapid process re-design technology usable by novices.
“RV Healthcare Analytics has already successfully worked with over 300 hospital systems and is poised for significant growth in 2016,” said Thomas A. Rizk, Rizk Ventures’ Co-Founder, Chairman, and Chief Executive Officer. “Rizk Ventures will leverage its deep expertise in healthcare technology to help expand RVHA’s services, and our strong healthcare network will enable RVHA to grow its reach.”
About Rizk Ventures: Rizk Ventures is a privately-held investment firm based in New York, founded by Thomas A. Rizk and Linda Rizk. Rizk Ventures focuses on investment activities in the areas of Venture Capital, Private Equity, Real Estate, and Special Opportunities. Rizk Ventures adds value post-investment by strengthening consumer relationships, advising management teams, broadening technology platforms, and providing operational expertise. www.rizkventures.com