March 16, 2014
-- Today, TriCap Technology Group, LLC
announced that Cuzco Capital Investment Management, LLC
has joined the growing list of firms participating on TriCap’s ARxChange Receivables Clearinghouse
As highlighted in Forbes, Inside Patient Finance and HFMA, the ARxChange Receivables Clearinghouse organizes receivables in a central repository, corrects inaccurate demographic information, scores each account, and then allows healthcare providers to redeem or “clear” all or selected receivables for their current cash value, all under compliant and safeguarded servicing terms. In doing so, the ARxChange system transforms outmoded accounts receivables collections processes and strengthens the financial performance of physician networks and health systems nationwide.
“We believe that the ARxChange system affords Cuzco Capital a valuable opportunity to form mutually successful relationships with various national sellers of medical receivables, including both health systems and physician groups,” said Jay Barsky, Managing Member of Cuzco Capital.
“By utilizing the ARxChange to effectuate both receivables dispositions and new asset acquisition, Cuzco represents another in our growing ARxChange community of leading capital firms that are dedicated to strengthen medical receivables performance nationwide,”
said Joseph E. LaManna, CEO of TriCap Technology Group.About TriCap Technology Group
TriCap Technology Group, LLC is a high-growth financial technology company founded in late 2005 to transform the US debt and receivables sector into a more fully articulated liquid market place. With over $10 billion in listings, TriCap's keystone and patented platform, the ARxChange, is the nation's largest and most robust marketplace for medical debt and receivables in the United States. TriCap holds the patents and intellectual property rights on the most essential processes used throughout the US receivables and debt markets to organize, rank, score, value and trade receivables accounts, including those in the medical receivables market segment.About Cuzco Capital
Cuzco Capital Investment Management, LLC is a New York based firm primarily focused on investing in portfolios of performing, as well as charged-off and delinquent, consumer and commercial receivables. The Managing Members of Cuzco Capital are Judah Kaplan and Jay Barsky.