Portico Systems Reports Strong Revenue Growth and Promotes Job Creation in the State of Pennsylvania
Portico Systems, the leader in Integrated Provider Management (IPM) solutions for payers, today announced outstanding double digit growth for the sixth consecutive year.
- Philadelphia, PA-NJ (1888PressRelease) January 27, 2011 - In 2010, revenues increased 21 percent, staff size increased 32 percent, and Portico's client list grew to 40 healthcare companies.
• Double digit growth in revenue, employees, client list
• New CFO and COO named: http://bit.ly/fKTzFw
• Five business and industry awards in 2010: http://bit.ly/fLe6A3
• Integrated Provider Management Solutions for healthcare payers: http://bit.ly/geaxm0
"The many changes taking place in our industry have helped Portico's Integrated Provider Management gain tremendous traction in the market with leading health plans," stated Ned Moore, CEO, co-founder and chairman of the board of Portico Systems. "These payers are using Portico's solutions to gain competitive advantage through new product design, automated operational processes, hybrid reimbursement models and new delivery environments."
Adding to Portico System's growth, the company announced the executive appointments of Mark S. Pollock as chief financial officer and Tim Kowalski as chief operating officer. Mark previously served as chief financial officer for Avanceon LP, Vertical Alliance, Inc., and Novasoft Information Technology Corporation. Tim joins Portico with 18 years of previous healthcare payer experience, and he is now responsible for all product management and development, customer delivery, IT infrastructure, and project management operations. Tim previously worked for ICT Group, Independence Blue Cross, Computer Sciences Corporation, and Formation and Gould.
Portico Systems has also been recognized for its growth by the Inc Magazine 5000, Healthcare Informatics 100, Deloitte Technology Fast 50, and Philadelphia 100 award programs. The company was also named a Best Place to Work for the second consecutive year by the Philadelphia Business Journal.
For more information on Portico, please visit www.porticosys.com, subscribe to the RSS feed at http://blog.porticosys.com, and follow the company on Twitter at ( @ ) porticosys and Facebook at http://www dot Facebook dot com/porticosys dot Portico Systems has several open positions; visit www dot porticosys dot com/porticosys/career_opportunities to learn more dot
About Portico Systems
Portico Systems' innovative solutions enable health plans to reduce administrative, medical and IT costs. Portico's exclusive focus on provider operations and 500+ staff-years of provider experience has allowed Portico to design the only modular end-to-end provider platform. Portico invites you to explore our website (www.porticosys.com) to learn how our commitment to customer service, quality and technology innovation can accelerate the evolution of your health plan's provider operations. Portico Systems is a partner company of Safeguard Scientifics, Inc. (NYSE: SFE) www.safeguard.com. For more information on Portico, please visit www.porticosys.com, subscribe to the RSS feed at http://blog.porticosys.com, and follow the company on Twitter at ( @ ) porticosys and Facebook at http:// www.Facebook.com/porticosys.
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