CitiusTech Grows Revenue 65 Percent in 2012
Celebrates fifth consecutive year of more than 50 percent year-over-year growth
PRINCETON, NJ, Feb. 26, 2013 /CNW/ - CitiusTech, a leading healthcare technology solutions and services provider, today announced that its corporate revenue increased by 65 percent in 2012. This marks the fifth consecutive year that the company has recorded more than 50 percent year-over-year revenue growth, driven by client relationships across North America and Europe.
CitiusTech's Software Engineering practice partnered with healthcare technology vendors to implement new technologies (e.g., cloud, mobile) and support compliance with new market initiatives (e.g., Meaningful Use and ACOs). In addition, the Professional Services practice collaborated with health information exchange (HIE), electronic medical records (EMR) and RIS/PACS organizations to assist in scaling their worldwide business initiatives.
CitiusTech's BI-Clinical platform gained significant market acceptance and is being used in more than 1,200 provider locations-delivering advanced business intelligence, analytics and reporting. BI-Clinical conforms to all Meaningful Use Stage 1 and Stage 2 requirements, and is a Qualified EHR Data Submission Vendor (DSV) for 2012 PQRS. The company also launched BI-Clinical Cloud to provide hosted advanced BI/analytics capabilities.
"Our success in 2012 was driven by our long-standing partnerships with healthcare technology organizations," said Rizwan Koita, CEO of CitiusTech. "We all know that the healthcare industry is going through a transformation and we are excited to help accelerate this innovation, consistently delivering best-in-class solutions and an unmatched cost advantage to our clients."
CitiusTech was awarded the "Best Places to Work - 2012" award by the Great Places to Work organization and became a Foundation Member of the prestigious CHIME organization. In addition to its superior financial performance, CitiusTech increased its hiring to reach 1,100 employees worldwide. With more than 400 HL7 certified professionals, CitiusTech retains the distinction of having the largest number of HL7-certified professionals.
CitiusTech is a specialist provider of healthcare technology services and solutions to healthcare IT vendors, providers, ACOs, and health plans. CitiusTech offers a wide range of healthcare technology services including healthcare software development, healthcare interoperability, Meaningful Use compliance, BI / analytics, care management and consumer health. CitiusTech brings strong healthcare domain expertise across technologies, applications and standards. CitiusTech delivers best-in-class solutions with an unmatched cost advantage to global healthcare clients. For more information, visit http://www.citiustech.com.
SOURCE: CitiusTech Inc.For further information:
Source: CitiusTech Inc.