HTP Continues Expansion with Opening of New Corporate Offices

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Added space supports planned staffing increases of 200 percent.

HTP, Inc., a leading developer of software for the healthcare industry, today announced it has moved its Columbus, Ohio headquarters to a new office at 8720 Orion Place to accommodate its expanding staff.

HTP, which has seen revenue increases of more than 1,300 percent since 2000, moved into the new 13,237-square-foot office suite in April. The well-designed space will accommodate an expected 100 percent increase in new employee hires, enabling the company to augment its customer support and account management staff to better serve its growing customer base. The company has an 18-month option to add adjacent office space totaling 4,008 square feet, which will allow HTP to double the number of employees in Columbus.

The move comes on the heels of an announcement by the Ohio Department of Development that HTP was to receive $889,000 in Job Creation Tax Credits from the Ohio Tax Credit Authority. The credits are expected to help HTP expand its corporate headquarters by more than 100 positions during the next three years. Within the past six months, the company has also opened regional offices near Los Angeles and in Chicago.

“Our continued expansion reflects the increasing adoption of HTP’s software by hospitals, health plans and Regional Health Information Organizations (RHIOs) across the country,” said CEO Ray M. Shealy. “HTP is transforming the way these organizations exchange information related to patient care and insurance claims.”

Much of the company's recent growth can be attributed to HTP Sentinel, its newest product for healthcare providers. This innovative software is helping hospitals recover hundreds of thousands – in some cases, millions – of dollars by identifying and verifying insurance coverage.

Shealy noted that HTP stands at the forefront of the national movement to improve healthcare using IT. "We designed the technology that powers the Utah Health Information Network (UHIN), which has been recognized as the country's first successful RHIO," he said. "In the next few years, every area of the country will need to create a RHIO to connect to the National Health Information Network." HTP is currently consulting with RHIO efforts in seven states.

HTP has been recognized as one of the fastest-growing companies in central Ohio and the nation. In 2005, it ranked 8 on Business First's Fast 50 list of privately held companies, was recognized as the fastest-growing Ohio technology company on the Deloitte Technology Fast 500, and was included in the Inc. 500 list of emerging privately held companies for the second year in a row.

About HTP, Inc.

HTP develops software for the healthcare industry that improves efficiency, profitability and service quality for hospitals, insurance companies, physician groups, managed care organizations, third-party administrators and public sector health plans. The company's software also enables secure information exchange through Regional Health Information Organizations (RHIOs).

Based in Columbus, Ohio, HTP supports 180 customers, including 100 hospitals and 60 health plans, by translating and moving more than 15 million transactions per month. HTP technology powers the Utah Health Information Network (UHIN), the nation's first RHIO. A 2004 and 2005 Inc. 500 company, HTP and its executives have been recognized for leadership by the Ohio Third Frontier Project, The Deloitte Technology Fast 500, the Ernst & Young Entrepreneur of the Year program and the Columbus Technology Council. Notable HTP customers include Ohio Medicaid and Utah Health Information Network.

For more information on HTP or to learn how its software is transforming healthcare information exchange for providers, payers and RHIOs, call 614.885.1272 or go to http://www.htp-inc.com.

HTP, Inc. Media/Industry Analyst Contact:

Cheryl Claypoole, Fahlgren Mortine Public Relations

Tel: 614.825.1721

Rob Krohn, HTP

Tel: 614/396.4537

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