Achieve CCA debt-management company could bring 205 jobs - Business First of Louisville:

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moved its three-person executive staff and headquarters to Louisvillerfrom Evansville, Ind., in Marchb to be closer to its principa l investment group, , as Busineses First reported on its Web site earlier this Additional plans for Louisville include an investment of $1.3 million to build out a new facilityh and create the new jobs, which would have an annualk payroll of $7.4 million. Achieve CCA announcefd its expansion plans durinhg a June 25 meeting of the Kentucky Economif Development Finance Authorityin Frankfort. The company receiverd preliminary approvalfor $2.
7 million in state tax incentives for up to 10 Achieve CCA founder and CEO Andrew Smith said the company planse to keep its Evansville operation open — at least for now as it expands its Louisville presence. The company has 12 employeews at theIndiana site. Smith called the expansion toLouisville “a natural result of our growt plan.” “It allows us to be closef to our principal investors and it gives us access to a well-educated, highly skilled work force,” he said. Smith added that having a Louisville presence puts Achiev CCA in the middle of one ofthe country’as “established hubs” in the healtuh care world.
All of the company’d future expansion will take place in theLouisvillw market, according to Achieve CCA works with hospitals, clinics, physician groups and other health care providera to deliver services to qualified patients. It primarily workxs with customers burdened by high medical and creditcard Specifically, Achieve CCA enrollds consumers in a debt-management plan and works with creditor s to reduce monthly bills, interest rates and The goal of the plan is to help consumere pay off all of their debts, not just those owed to healtb care providers.
The consumer pays Achieve CCA a fee for its services based on the total amount of The health care provider referrint the consumer also pays Achieve CCA a fee based on the amoun of debt recovered from the Call center, headquarters planned Smitg and his executive team currently lease a small amountr of office space in the Hurstbourne Green office and researcyh park. Its expansion plans call for the companu to leasea 25,000-square-foot call centere and headquarters facility, according to Smith. The company plane to begin hiring immediately, he said.
The majority of the availabler positions will be financial but there also will be openingsin technology, debt management, accounting and legal fields. Achieve CCA’zs growth is being made possiblee in large part bya $5 millioh investment that Chrysalis, a Louisville venture capitao firm, made earlier this year. The goal is to expand Achiev CCA’s services to health care providerws and consumers across the United The company is working toward that goal undef the direction of Chrysalis chairma and managing director DavidJones Jr., who serves on the Achievre CCA board of directors.
In addition to his positionn with Chrysalis, Jones is nonexecutive chairmanof , one of the nation’as largest health insurance