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Carefx Reports 200% Year-Over-Year Revenue Growth in 2008 as Demand Grows for Solutions Focused on Clinical Decision Making
Date:1/20/2009

HIE and hospital IT pioneer doubles annual revenues, brings on hundreds of new provider organizations

SCOTTSDALE, Ariz., Jan. 20 /PRNewswire/ -- Carefx Corporation today announced 200 percent revenue growth in 2008. Carefx has increased its penetration of the hospital, health system, integrated delivery network (IDN) and health information exchange (HIE) markets with an 80 percent increase in client bookings and the addition of some 200 hospitals to its already impressive roster.

"We see our strong growth as continued validation that organizations can no longer settle for proprietary or monolithic systems that do not support clinical workflow or cognitive tasks and force clinicians to sift through enormous bundles of data from disparate sources," says Andrew Hurd, Chairman and CEO of Carefx. "We built the Fusionfx solution suite to address the information gaps that occur between disparate systems in order to simplify clinical and business workflow, and to ultimately improve the quality of care delivery."

Hurd's comments are echoed in a January 9, 2009 National Research Council (NRC) report, which offers a critical evaluation of current healthcare IT solutions' performance in the areas of data sharing, integration and management. NRC's Computational Technology for Effective Health Care: Immediate Steps and Strategic Directions advises organizations to "develop the necessary data infrastructure for healthcare improvement by aggregating data concerning people, processes and outcomes from all sources" and to "organize incentives, roles, workflow, processes and supporting infrastructure to encourage, support and respond to opportunities for clinical performance gains."

"The company's Fusionfx solution suite parallels the NRC's recommendations by aggregating data from multiple sources and presenting it to clinicians in a way that fits their role, workflow and l
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SOURCE Carefx Corporation
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