(1888PressRelease)
March 21, 2008 - HTP, Inc., a leading developer of software for the healthcare industry, signed contracts totaling more than $2.8 million for its HTP RevRunner™, HTP MedRunner™ and HTP Transaction Manager™ software in the first quarter of 2007. Overall revenue increased 63 percent compared to the same quarter in 2006, and by the end of the quarter the company was processing a record 30 million electronic health transactions per month.
CEO Ray Shealy credited the company's continued growth to its ability to listen to customers and use their feedback to develop real solutions to their business challenges. "HTP RevRunner’s ability to accelerate revenue collection, support pricing transparency initiatives, enable patient-friendly bill estimation and increase patient satisfaction is a direct result of the continued collaboration between HTP and our customers," he said.
"HTP is transforming the business of healthcare by enabling our customers to seamlessly integrate the secure and efficient exchange of healthcare information into their existing workflow. The resulting efficiency and cost savings support both the hospital's bottom line and patient satisfaction."
Significant accomplishments of the quarter included:
HTP RevRunner™ was recognized as the 2006 Outstanding Product of the Year for its role in accelerating revenue management and increasing price transparency for the nation's hospitals. HTP was honored for the third consecutive year by TechColumbus at its annual TopCAT awards in January.
HTP processed more than 90 million exchanges of healthcare information during the quarter, ranking it among the largest processors of healthcare data in the country. HTP's subscription pricing model allows customers to process an unlimited number of transactions without incurring additional costs.
The company signed new contracts for HTP RevRunner covering hospitals in California, North Carolina, Georgia, South Dakota and Ohio.
Dayton, Ohio-based HealthLink RHIO selected HTP MedRunnerTM to support the electronic exchange of administrative data for members of its Regional Health Information Organization, making HTP MedRunner one of only a few software platforms installed in more than one operational RHIO. HTP MedRunner was developed as a platform for the Utah Health Information Network (UHIN), recognized as the country's first successful RHIO.
About HTP, Inc.
HTP develops award-winning software that improves efficiency, profitability and patient satisfaction for hospitals, insurance companies, managed care organizations and Regional Health Information Organizations. HTP software is used by 227 hospitals and 25 health plans in 23 states. Notable customers include Catholic Health Partners, Ohio Medicaid, The Midland Group, OhioHealth, Redlands Community Hospital, Condell Medical Center, Ernst & Young, The Ohio State University Medical Center and the Utah Health Information Network — the nation's first successful RHIO.
For more information on HTP or to learn how its software is transforming healthcare information exchange for providers, payers and RHIOs, call 888.487.8010 or go to www.htp-inc.com.
HTP Inc. Media/Industry Analyst Contact:
Cheryl Claypoole
Fahlgren Mortine Public Relations
Tel: 614.825.1721
Email: cheryl.claypoole @ fahlgren.com
Rob Krohn
HTP
Tel: 614/396.4537
Email: rkrohn @ htp-inc.com
