HTP Expands Hospital Revenue Cycle Enhancement and RHIO Solutions in Second Quarter

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Increasing revenue, a strategic partnership and new employees reflect continued momentum for rapidly growing technology company.

HTP, Inc., a leading developer of software for the healthcare industry, continued its commitment to leading edge technology innovation in the second quarter of 2006. Major highlights of the quarter included product updates for HTP MedRunner™, which supports information exchange in regional health information organizations (RHIOs), and HTP RevRunnersm, which offers hospital revenue cycle enhancement.

The Utah Health Information Network (UHIN) adopted an expanded version of HTP MedRunner to support the electronic exchange of clinical information among healthcare providers across the state.

"UHIN, which has been recognized as one of the only financially self-sustaining RHIOs in the country, originally built its administrative processes on our HTP MedRunner platform," said HTP CEO Ray Shealy. "The addition of clinical exchange capabilities makes HTP MedRunner the most complete and cost-effective network platform available for healthcare information exchange."

During the quarter, the company saw strong adoption of HTP RevRunner by healthcare providers across the country.

The company also introduced HTP Advocate, a new module of HTP RevRunner, to simplify and improve financial interactions between healthcare providers and their patients, resulting in improved cash flow and patient satisfaction.

In addition, HTP announced a strategic partnership with UNI/CARE Systems, Inc., a leading provider of software and related services for the behavioral healthcare industry, to integrate HTP RevRunnerSM into UNI/CARE's Pro-FilerTM software system. The integrated products offer a unique tool for managing eligibility for reimbursement by third-party payers and improving revenue management for behavioral healthcare providers.

HTP's strong financial growth continued in parallel with its product line, as revenue increased 51 percent over the same quarter in 2005, and it added 10 employees to its professional staff.

Shealy credited the company's continued growth to its focus on customer needs, development of innovative software and investment in quality employees. “We are well positioned to meet the needs of the rapidly evolving healthcare industry,” he said. “By listening to our customers and investing in the right people, we deliver software that helps healthcare organizations realize the benefits of automating their processes."

Other highlights of the quarter included:

  •     The company's April move into new corporate offices at 8720 Orion Place in Columbus.
  •     In April, HTP co-founder and CTO Fred Richards was a featured faculty member at the 12th National HIPAA Summit, speaking on how organizations can effectively fund RHIOs by leveraging their HIPAA investments.
  •     HTP was recognized as a finalist in the Innovations category of the Healthcare Heroes awards sponsored by Business First in May.
  •     In June, Blair Baker was promoted to vice president of Customer Care, overseeing software implementations, customer support and payer connectivity. Baker joined HTP in April and previously held positions with CareMedic Systems, Inc. and Omega Health Systems.
  •     Richards contributed to, "Funding RHIO Startup and Financing for Life: The Survey of Regional Health Information Organization Finance," a study released in June by the Healthcare IT Transition Group.

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 for Regional Health Information Organizations (RHIOs).

Based in Columbus, Ohio, HTP supports more than 170 customers, including 110 hospitals and 48 health plans, by translating and moving more than 17 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 Deloitte Technology Fast 500, the Ernst & Young Entrepreneur of the Year program, the Ohio Third Frontier Project, and the Columbus Technology Council. Notable HTP customers include Ohio Medicaid, Utah Health Information Network, OhioHealth and The Ohio State University Medical Centers.

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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