Tampa-based Workforce Prescriptions was acquired by the New York-based privately-held investment firm Rizk Ventures, and will now be operating under the name RV Healthcare Analytics (RVHA).
The original founders of Workforce Prescriptions, Charlie Dawson and Dean Kristiniak, will remain in RV Healthcare Analytics as Chief Executive Officer and Chief Operating Officer, respectively. Additionally, Jason Palmer, a technology industry veteran, was hired by the company to be the President.
"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."
According to the press release of Rizk Ventures in PR NewsWire, RV Healthcare Analytics provides Software-as-a-Service (SaaS) solutions to the healthcare industry to assist hospitals in decreasing cost and improving outcomes without reducing workforce. The Value Enhancement Program of RV Healthcare Analytics starts with the Operational Efficiency Diagnostic. The Operational Efficiency Diagnostic identifies achievable value potential for over 100 areas of performance. The Value Enhancement Program also engages staff in the identification, planning, and execution of initiatives to reduce costs, increase revenue and improve outcomes, as well as incorporates dozens of proprietary software tools including a cutting-edge, rapid process re-design technology usable by beginners.
"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 nine percent of revenue annually to hospitals' bottom lines, while involving hospital staff in the identification and execution of solutions."
Rizk Ventures, a New York-based privately-held investment firm, focuses on investment activities in the areas of Venture Capital, Private Equity, Real Estate, and Special Opportunities. The firm was founded by Thomas A. Rizk and Linda Rizk.