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| Healthcare IT and Biotechnology News Release |
| News Home :: Healthcare IT and Biotechnology News Releases :: More News Releases on this day |
| Date of Publication: Monday, September 10, 2007 |
Premise Corporation Makes Strides in Leadership and Market Growth During First Two Quarters of 2007 |
| Patient flow software provider doubles live client base, secures $6.3 million in financing and expands company leadership. |
Farmington, CT -- Premise Corporation, a leading provider of software solutions to optimize patient flow, ended its first half of the year with steady growth in new contracts and implementations, high marks in client satisfa ction, employee growth and strategic expansion of its leadership team.
• Total live client base doubled over prior year
• More than 200% increase in product activations (comparison of Q1-Q2 statistics from 2006)
• 100% of clients would purchase Premise again, as surveyed by KLAS
• Nearly 100% employee growth over the past year
Many of the nation's top hospitals began using Premise during the first two quarters of this year, representing an increase in Premise product installations of more than 200%. Hospitals now using Premise include Children's Hospital of Madera, California; Methodist Healthcare System in Memphis, Tennessee; Medical University of South Carolina Hospital; the VA Hospital of Pittsburgh; and UCLA Medical Center.
Premise was also recognized by KLAS® as a leader in the patient flow market. One hundred percent of Premise clients surveyed by KLAS indicated they would purchase Premise again and 97 percent indicated they would recommend Premise to a friend - the highest marks received by any patient flow vendor KLAS evaluated.
Additionally, Premise expanded its market leadership and presence in several key ways:
• Secured $6.3 million in Series B financing
• Expanded the leadership team, including the addition of Chief Technology Officer, Craig Gravina
• Developed a corporate board that includes key healthcare and technology leaders such as Joseph A. Zaccagnino, former president and CEO of Yale-New Haven Health System
"As Premise Corporation experiences steady growth and market expansion, we're taking steps to ensure this growth is coupled with strong leadership in key areas such as product development and client support," states Eric Rosow, chairman a nd chief executive officer. "The $6.3 million in funding we've received, as well as our new board and expanded leadership team, are all indicators that reinforce our position as healthcare's leading provider of patient flow solutions."
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