Patient Flow Software Leader Posts Best Six Months in its History
Newly-named Inc. 5000 Company Among Fastest Growing Private Tech Firms in
NAPLES, FLA., October 8 /CNW/ - TeleTracking Technologies, the leading
producer of software that alleviates hospital overcrowding, announced today
that the six-month period ending June 30 was the best in the company's
history, with a 35% jump in revenue, a 72% increase in units sold to new
customers, and 33% more contracts compared to the same period last year.
TeleTracking CEO Anthony Sanzo told more than 200 clients gathered here
for a semi-annual idea exchange conference that the firm was named one of the
fastest growing private companies in the nation by INC magazine and ranked #1
in its vendor category by market intelligence researcher KLAS, the leading
healthcare vendor performance monitor.
Sanzo said the growth was tied to increased awareness that in-patient
flow problems are the primary cause of the emergency room overcrowding crisis,
and referrals from TeleTracking's growing client base.
The record-breaking mid-year report follows a five-year growth trend
during which the international market leader averaged 160 installations per
year and expanded its client base to more than 700 hospitals and health
systems, including many of America's top-ranked institutions.
That performance resulted in significant industry recognition this year.
Inc. Magazine listed TeleTracking on its first-ever "Inc. 5000" list of
fastest growing private American companies, which the magazine said are "the
backbone of the U.S. economy." TeleTracking was the only firm in its specific
category to make the list.
Healthcare Informatics Magazine called TeleTracking a health industry "Up
and Comer" in naming the firm, for the third straight year, to its "HCI 100"
list of pre-eminent healthcare technology vendors. For the fourth year in a
row, the Pittsburgh Technology Council selected TeleTracking over thousands of
other companies for its Tech 50 list of top regional tech performers. It's
been on the Pittsburgh Business Times list of 100 fastest growing
privately-owned local companies five years in a row.
Market researcher KLAS said TeleTracking ranked No. 1 overall among
competitors in a survey of patient flow automation clients. Ninety-eight
percent of current users would recommend TeleTracking to a friend or peer,
according to KLAS. Other top survey scores for TeleTracking included meeting
deadlines, on-time implementation, fair and complete contracts, keeping
promises and meeting expectations, product performance satisfaction, highest
quality of custom work, proactive service, timely enhancement releases, and
the quality of training, implementation, budget adherence, staff and support.
TeleTracking Technologies is the world leader in improving patient flow
through computer automation. By providing prompts, alerts and real-time,
actionable feedback to managers, its products have been proven to dramatically
reduce patient wait times, decrease emergency department overcrowding and
ambulance diversions so quality care can be delivered in a timely manner. The
privately-held, Pittsburgh-based company has implemented over 1400 solutions
at more than 700 acute care hospitals in the U.S., Canada and the United
For further information:
For further information: TeleTracking Technologies Christopher Anderson,
412-391-6369 Director, Marketing firstname.lastname@example.org or Dennis
Morabito, 412-391-6078 Sr. Mgr., Marketing Communications