CTG Ranked Eighth Largest on Modern Healthcare's Annual List of the Top 15 Healthcare Management Consulting Firms
October 06 2009 - 10:00AM
PR Newswire (US)
BUFFALO, N.Y., Oct. 6 /PRNewswire-FirstCall/ -- CTG (NASDAQ:CTGX),
an international information technology (IT) solutions and services
company, announced today that CTG HealthCare Solutions (CTGHS), its
business unit serving healthcare providers, was named by Modern
Healthcare to its annual ranking of the 15 largest healthcare
management consulting firms. CTGHS was ranked eighth on the 2009
list, based on its 2008 revenue from the healthcare provider
consulting market. The list appears in the August 31, 2009, issue
of Modern Healthcare, a publication of Crain Communications, a
publishing company providing vital news and information to industry
leaders and consumers. "We are pleased to be recognized by Modern
Healthcare for the third consecutive year as one of the largest
healthcare consulting providers," said James R. Boldt, CTG Chairman
and Chief Executive Officer. "In total, our healthcare business
represents over 25% of CTG's revenue and remains the major focus of
our growth. CTG's significant experience in electronic medical
record (EMR) implementations at both the provider and community
level positions us very favorably as healthcare organizations
increasingly look to EMR systems as a way to improve patient care
and reduce costs. Additionally, the availability of ARRA stimulus
funds to support EMR implementations is further driving demand for
these systems." Thomas Niehaus, Senior Vice President and General
Manager, CTGHS, added, "Our focus on the healthcare market enables
us to provide industry-specific technology and business solutions
to this large and growing market which has unique and highly
specialized needs. In addition to being recognized as an industry
leader in healthcare IT and consulting, CTGHS is also well known
for the high level of expertise and service that we provide clients
as evidenced by our consistently favorable client satisfaction
ratings from KLAS, the leading independent organization evaluating
healthcare IT providers." Modern Healthcare compiled the list based
on 2008 healthcare revenue from provider consulting fees. The
source was Modern Healthcare's fourth annual Management Consultant
Firms Survey. For more information about this list, visit
http://www.modernhealthcare.com/. CTG supports the healthcare
provider market through its business unit, CTG HealthCare Solutions
(http://www.ctghs.com/), which provides clinical, financial, and
operational IT and business solutions to healthcare institutions,
physician practices, and related organizations. Additionally, CTG
serves the healthcare payer and the life sciences market through
separate practices within its healthcare business. Collectively,
these businesses contributed approximately 26% to CTG's total 2008
revenue of $353.2 million. Backed by over 40 years' experience, CTG
provides IT solutions and services to help our clients use
technology as a competitive advantage to excel in their markets.
CTG combines in-depth understanding of our clients' businesses with
a full range of integrated offerings, best practices, and
proprietary methodologies supported by an ISO 9001:2000-certified
management system. Our IT professionals based in an international
network of offices in North America and Europe have a proven track
record of delivering high-value, industry-specific solutions. CTG
serves companies in several industries and is a leading provider of
IT and business consulting solutions to the healthcare market. CTG
posts news and other important information on the Web at
http://www.ctg.com/. Safe Harbor Statement This document contains
certain forward-looking statements concerning the Company's current
expectations as to future growth. These statements are based upon a
review of industry reports, current business conditions in the
areas where the Company does business, the availability of
qualified professional staff, the demand for the Company's
services, and other factors that involve risk and uncertainty. As
such, actual results may differ materially in response to a change
in such factors. Such forward-looking statements should be read in
conjunction with the Company's disclosures set forth in the
Company's 2008 Form 10-K, which is incorporated by reference. The
Company assumes no obligation to update the forward-looking
information contained in this release. Today's news release, along
with CTG news releases for the past year, is available on the Web
at http://www.ctg.com/. ctgx-g DATASOURCE: CTG CONTACT: CTG
HealthCare Solutions: N. Clair Detraz, Vice President, Strategic
Planning & Marketing, CTGHS, +1-513-564-0909, , or CTG: Richard
Dye, Director of CTG Marketing Communications, +1-716-887-7306, Web
Site: http://www.ctg.com/
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