PRINCETON, NJ, Feb. 15, 2012 /CNW/ - CitiusTech, a leading healthcare
technology solution provider, announced that it has completed the
calendar year 2011 with 59% growth in revenues. 2011 is now the fifth
consecutive year that CitiusTech has recorded over 50% Y-o-Y revenue
growth. In 2011, CitiusTech won the Red Herring Award for leadership in
healthcare technology. CitiusTech was selected as a finalist at the
2011 American Business Awards for being one of the fastest growing
technology companies in the United States.
Growth in 2011 has been driven by existing customer relationships (93%
customer retention) and by new customer additions across North America
and Europe. CitiusTech also enhanced its capabilities across its key
service offerings - software product engineering, professional services
and healthcare BI/analytics. CitiusTech's BI-Clinical platform became
the only modular BI solution to be ONC-ATCB 2011/2012 certified for all
Eligible Hospital (EH) and Eligible Professional (EP) Meaningful Use
Clinical Quality Measures. BI-Clinical was also one of the first
BI/analytics platforms to comply with all 33 ACO quality measures that
were released by CMS.
During 2011, CitiusTech's software engineering practice enabled many
leading healthcare IT vendors to enhance and architect their solutions
(e.g., for mobile and cloud computing) and comply with new technology
and regulatory needs (including Meaningful Use, ACO etc.). In addition,
CitiusTech professional services team formed strategic partnerships
with HIE, EMR and clinical application organizations to help them scale
their professional services organizations worldwide. With over 250 HL7
certified professionals, CitiusTech retains the distinction of having
the largest number of certified interoperability professionals
worldwide. CitiusTech also expanded its reach, with new offices in
Princeton NJ, Singapore and India.
"2011 has been an excellent year for CitiusTech. Our ability to form and
grow long-term partnerships with healthcare technology organizations
and support their business growth has been key to our success," said
Rizwan Koita, CEO, CitiusTech. "Our BI-Clinical platform has been
strongly received by our partners for population health management,
care coordination and quality reporting."
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
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 healthcare clients worldwide.
SOURCE CitiusTech Inc.
For further information:
Manager - Corporate Marketing