CitiusTech Completes Another Milestone Year: Revenues Grow by 59% in 2011
Feb 15, 2012, 12:30 ET
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 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 healthcare clients worldwide.
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