CitiusTech Announces H1 2012 Results - 65% Growth in Half Year Revenues

PRINCETON, NJ, July 25, 2012 /CNW/ - CitiusTech Inc., a leading provider of healthcare technology services and solutions, announced its results for the half year ended 30 June 2012. Revenues grew by 65% compared with the equivalent period in 2011. CitiusTech now has over 850 employees worldwide and serves half of the top 20 technology organizations in healthcare.

In H1 2012, CitiusTech expanded its software product engineering business and developed strong capabilities in new healthcare initiatives (Meaningful Use Stage 2, ACOs, Payment Reforms and HIEs) and emerging technologies (BI/Analytics, mobile health and cloud computing). With close to 400 HL7 certified healthcare interoperability professionals, CitiusTech professional services group retains the unique distinction of having the highest number of HL7 certified professionals worldwide. CitiusTech expanded its operational presence through a new software delivery center at Mindspace Airoli.

BI-Clinical, CitiusTech's leading platform for healthcare BI and Analytics, today supports over 1,200 provider facilities - the largest deployment of a third-party ONC-ATCB 2011/2012 certified BI/Analytics solution in the US market. BI-Clinical now supports complete cloud-based deployment including clinical quality measures for ACO, PQRS, HEDIS and Meaningful use initiatives.

CitiusTech received the 'Best Places to Work 2012' Award by the Great Places to Work Institute, the world's leading human resources consulting, research and training firm. CitiusTech has recently been invited to join the prestigious CHIME Foundation.

"2012 is emerging as a pivotal year for the healthcare IT industry," CitiusTech's Chief Executive Officer, Rizwan Koita, said, "In addition to managing our accelerated business growth, we have established strong partnerships with leading healthcare organizations. We continue to invest heavily in R&D - key for our next phase of growth".

About CitiusTech

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's BI-Clinical platform is a market leader in healthcare BI / analytics. CitiusTech brings strong healthcare expertise across technologies, applications and standards. Our ability to provide this expertise, together with world-class service quality and a global resource base, enables us to deliver best-in- class solutions and an unmatched cost advantage to clients worldwide.

SOURCE: CitiusTech Inc.

For further information:

Manager Corporate Marketing
CitiusTech Inc.
sujay.pal@citiustech.com
Tel: +1-877-CITIUS 1

Profil de l'entreprise

CitiusTech Inc.

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