Portico(TM) Systems Charts Another Period of Ra... ( Major Customers Accelerate ...)

Portico(TM) Systems Charts Another Period of Rapid Growth

Date:11/1/2007

Major Customers Accelerate Roll-outs of Portico Solution

PHILADELPHIA, Nov. 1 /PRNewswire/ -- Portico Systems, the leader in Provider Network Management solutions, capped a nine-month period of rapid growth, with revenue climbing 67% year-over-year.

Customers -- including five of the top 30 health plans -- are accelerating roll-outs of Portico's solution, based on tangible evidence that the software dramatically increases bottom-line performance by optimizing provider network operations.

This growth is driving significant company expansion, including new hires and larger corporate headquarters, in Blue Bell, PA, where the company expects to hire more than 50 employees in the next 12 months.

Market Pressure Speeds Customer Roll-Outs

Health care plans are grappling with tighter regulations, tougher cost pressures and an absolute demand for transparency. This 'trifecta' makes accurate information a key business issue and a major factor in satisfaction as measured by patients, doctors and hospitals. Portico's current and future products are targeting the estimated addressable annual market of greater than $1 billion spent by health plans on obtaining, maintaining and servicing their provider networks.

"Health care plans have a tremendous challenge around managing their provider networks, and they are looking for ways to increase productivity and reduce errors and cost," said Ned Moore, CEO of Portico Systems. "We ensure that the data that is at the core of every transaction is clear, current and accurate. Our customers are the proof. They are looking at those numbers and noticing a dramatic improvement in their performance."

This broad market endorsement is reinforced by three major industry awards Portico received in the last 45 days: The Philadelphia 100(R), the 2007 Deloitte Greater Philadelphia Technology Fast 50 and the Inc. 5000.

50 New Hires

Portico, which already expanded its workforce 20 percen
'/>"/>

0

GOOD

Page: 1 2 3
Related medicine news :

1. New Computerized Imaging Systems Help In Better Dental Treatment Planning
2. Painkilling Patch As Effective As Intravenous Delivery Systems
3. WHO says damage to eco systems are affecting human health
4. LINK Applied Genomics Programme Promises To Revolutionize Healthcare Systems
5. Ventilation Systems Not Effective in Blocking Tobacco Smoke
6. Poland: Parental warning systems are likely to be adopted in video games.
7. A booster for immune systems: unhygienic environs?
8. Will Baby Jabs Play Truant? NHS Says “No”, Alternate Systems in Plae
9. 3-D Imaging For Monitoring Reactor Systems, Power Plants
10. Global Seagrass Decline Affects Shallow-water Ecosystems
11. Meira Kumar Suggests Monitoring Systems To Check Drug Abuse

Post Your Comments:

Portico(TM) Systems Charts Another Period of Ra...( Major Customers Accelerate ...),Health