Princeton Corporate Solutions CEO James Scott Gives Insights into the Healthcare IT Industry
PHILADELPHIA, Aug. 15, 2013 /PRNewswire/ -- James Scott, CEO of Princeton Corporate Solutions, a consulting firm specializing in all aspects of IPO facilitation and strategic growth, is pleased to announce the recent podcast of an interview with Mark Brown, CEO of BrownIT Corporation. This podcast captures the expertise of a highly seasoned company in the trenches of one of the largest and fastest growing industries in today's market – healthcare IT.
Healthcare in general will generate spending in excess of $3 trillion in 2013 in the United States, and is expected to be 1/5 of the nation's GDP by 2017. This immense market, that has a customer base of more than 300 million, produces vast amounts of data and a myriad of service demands going well beyond simple patient care and hospital beds. Behind the scenes is an endless oasis of technology services companies providing the backbone that keeps this industry standing upright. With the influx of new demands stemming from movements such as universal healthcare, treatment facilities are continuously turning to innovations in technology to keep up.
One such company in the heart of this "Wild West" market is BrownIT Corporation. BrownIT was founded by Mark Brown in 1999 in Owings Mills, MD; just outside the epicenter of federal spending headquarters – Washington, D.C. BrownIT is a provider of information technology solutions to the federal government healthcare sector in the United States. BrownIT offers configuration management and quality assurance, data mining and analytics, system implementation, independent verification and validation testing, database administration, requirements generation and analysis, software development, and professional technical support services.
When questioned about BrownIT's position in the market, Mr. Brown said, "We certainly know there are numerous players in this industry, but fortunately for us demand is at an all time high for an assortment of IT services and the competition in the federal healthcare market is far less than with our commercial counterparts."
Differing from mere hospitals or treatment centers, companies in the federal healthcare sector like BrownIT work with extremely large organizations such as The Centers for Medicare & Medicaid Services (CMS), Department of Health and Human Services (HHS), and National Institute of Health (NIH). In markets such as these, companies like BrownIT have the ability to compete for very large, multi-year contracts to provide IT services to the federal government.
Throughout the interview with Mr. Brown, a number of topics were discussed such as the effects of Obamacare, evolutions in the industry, and what companies like BrownIT are doing to grow in this marketplace. "This podcast can be found on our popular iTunes podcast channel," explains James Scott, CEO of Princeton Corporate Solutions, "as well as numerous other podcasts that discuss highly topical concerns for today's business leader."
About Princeton Corporate Solutions
Princeton Corporate Solutions specializes in offering a unique approach to ramping up and facilitating corporate development strategies. We focus on such things as growth via mergers and acquisitions, initial public offering facilitation, founder and executive exit strategies, increasing valuation and finding overlooked ways to expedite your company's path to the next level. Our basic approach uses sales and growth strategies we developed over years of working with government contractors, IT firms and cutting edge entrepreneurial leaders.
What's unique about Princeton Corporate Solutions?
Princeton Corporate Solutions was created by a group of strategists spanning multiple countries and years of 'in the trenches' experience in corporate finance, capital structuring, IPOs and mergers and acquisitions. Since 2000, our company's focus has been to develop strategies and revenue building models for the government market. This experience combined with our background in finance and our thorough understanding of how to grow companies over time gives Princeton Corporate Solutions a unique perspective and gives us the ability to offer creative solutions to help virtually any company--public or private--increase its revenue dramatically. For more information, please visit www.princetoncorporatesolutions.com.
SOURCE Princeton Corporate Solutions