DALLAS, Sept. 26, 2013 /PRNewswire/ -- CTG Health Solutions, a leading healthcare information technology (IT) consulting firm and a business unit of CTG (NASDAQ: CTG), an IT solutions and services company, announced today that it placed seventh on the Modern Healthcare annual ranking of the largest healthcare management consulting firms, continuing its steady rise up the ranking. The company jumped three levels this year from last year's 10th place ranking, which was up three levels from 2010. The list was published in the September 2, 2013 issue of Modern Healthcare, which ranked 83 firms based on their 2012 provider revenue.
"We are gratified by our steady rise on Modern Healthcare's 'Largest Healthcare Management Consultants' list, and with also being recently named one of 'Healthcare's Hottest for 2013', Modern Healthcare's list of 40 of the healthcare industry's fastest growing companies and to the publication's list of the 2013 Best Places to Work in Healthcare," said James R. Boldt, CTG chairman and chief executive officer. "Our organization's strong ranking in Modern Healthcare's lists reflects the continued growth and success in health IT and business consulting that have solidified CTG as an industry leader and place us among the most successful companies in the competitive health IT industry. In total, our healthcare business, which supports organizations in the provider, payer, and life sciences markets, now represents about one-third of CTG's revenue and remains the major focus of our growth efforts."
Ted Reynolds, vice president of CTG Health Solutions added, "CTG Health Solutions' growth underscores our success in providing the highly specialized IT and business consulting services that our health system, hospital, group practice, pharmaceutical, and payer clients need to succeed during the transformation of our nation's healthcare delivery system. This recognition further validates that our services and products align with our clients' needs and priorities and why most of our client engagements evolve into long-term partnerships. We are also very proud that our excellent reputation and unique corporate culture attracts the most talented, experienced consultants, as evidenced by our recent naming as a 2013 Best Places to Work in Healthcare by Modern Healthcare."
CTG Health Solutions offers advisory, technology, and business consulting services and tools that enable health providers and payers to address system implementation and optimization, quality improvement, spiraling costs, regulatory requirements, operational efficiency, effective care delivery, patient satisfaction, and member service.
About CTG Health Solutions
CTG Health Solutions (CTGHS), the healthcare division of CTG (NASDAQ: CTG), is a leading information technology consulting firm dedicated solely to helping healthcare institutions, physician practices, payers, and related organizations achieve clinical and financial goals through effective technology and business solutions. In 2013, Modern Healthcare named CTGHS as one of the best places to work in healthcare and one of 40 "Healthcare Hottest" fastest growing companies in the industry as measured by revenue growth. CTGHS also ranked 54th in the Healthcare Informatics 100 (HCI 100), the annual ranking of the top 100 healthcare IT vendors based on 2012 U.S. healthcare revenue. Over the last 25 years, CTGHS has provided healthcare IT, and operational and strategic consulting support to more than 600 healthcare organizations. CTG is a publicly-traded IT services and solutions company that was founded in 1966, operates in North America and Western Europe, and generated revenue of $424.4 million in 2012. For more information, visit www.ctghs.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 2012 Form 10-K, which is incorporated by reference. The Company assumes no obligation to update the forward-looking information contained in this release.
SOURCE CTG Health Solutions