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All Press Releases for September 5, 2002 Subscribe to this News Feed    
 

PLEXIS Healthcare Systems Has Record Year

Fiscal year operating metrics are best in companys history

Ashland, Oregon -- September 04, 2002 -- http://www.plexisweb.com">PLEXIS Healthcare Systems, Inc. announced today record operating metrics for the fiscal year ending 8-31-02. This year's revenue increased 98 percent over last year's revenue, and pre-tax profits exceeded $1,000,000 for the first time in the company's history. Outstanding debt was also reduced by 75 percent. Total installations of PLEXIS Healthcare products increased over 50 percent and the company increased staffing by 25 percent.

PLEXIS Healthcare System's core claims processing software, Claims Manager, provides a suite of products that offers payers, benefit administrators and health plans the functionality to facilitate accurate and automatic claims adjudication, referral authorizations, benefit administration, and contract management, while meeting all present HIPAA compliance requirements.

Jorge Yant, President and CEO of PLEXIS Healthcare Systems, attributed the banner year results to hard work by the entire PLEXIS team. "We have a very superior software product that has produced excellent results for our clients, and it is supported, in my estimation, by the best team of employees in the healthcare industry. These two factors, superior product and hard work, produced our record year-end results," Mr. Yant said.

About PLEXIS Healthcare Systems
PLEXIS Healthcare Systems, Inc., a healthcare technology company based in Ashland, Oregon, has been developing high-end claims processing software since 1996. PLEXIS Healthcare Systems provides advanced technology tools that enable healthcare organizations to streamline and automate their claims payment and medical case management requirements. For more information, please call toll free (877) 475-3947 or visit http://www.plexisweb.com">www.plexisweb.com.

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Jay Hammond or Abram Holmlund
PLEXIS Healthcare Systems, Inc.
877-475-3947
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