Premise Corporation Ends Fiscal Year With Record-Breaking Growth and Recognition as Market Leader

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Patient Flow software provider achieves more than 500% growth in healthcare market.

Premise delivered strong results and successfully executed our strategic and operational goals for 2006

Premise Corporation, http://www.premiseusa.com, a leading provider of software solutions to optimize patient flow, ended its fiscal year in February with record growth in new contracts and implementations, key additions to its leadership team, unprecedented market expansion and recognition as an industry leader:

  • 100% in revenue, representing doubled revenue growth
  • 275% increase in new business
  • 500% market growth, based on new implementations
  • 100% expansion of employee team

In increasing new business by 275%, Premise secured key contracts with many of the nation's top hospitals such as Robert Wood Johnson University Hospital, Banner Health System, The University of Texas M. D. Anderson Cancer Center, Methodist Healthcare System, and Children's Hospital of Central California, the 13th largest freestanding pediatric hospital in the nation. In addition, Premise Corporation completed 26 implementations of its patient flow software, which represents more than 500% growth in the market.
"Premise delivered strong results and successfully executed our strategic and operational goals for 2006," states Kevin Fahey, chief operations officer and chief financial officer for Premise Corporation. "Our financial foundation, client base, products and team of employees have never been stronger, and we will continue to prove ourselves as healthcare's leader for patient flow solutions."
Additionally, Premise expanded its market leadership and presence in several key ways:

  • Strategic alliances with PCTS and Stryker Corporation
  • Expansion of leadership team in sales and client support
  • Winner of Microsoft Healthcare User Group (MS-HUG) Technology Innovation Award 2007

In particular, Dick Hull recently joined Premise's leadership team as the new Vice President of Sales. Hull brings nearly 20 years of healthcare industry experience to Premise. Most recently, he served as Vice President of Sales for Surgical Information Systems for eight years. He also spent eight years with DeRoyal Industries, serving as Business Manager for DBS, which later became iPath, now owned by GE as Centricity. Jennifer Wittstein has also joined Premise as Vice President of Client Services and Training. Wittstein was formerly with AMS Services, a division of Vertafore, Inc., where she led a seventy-member professional services division for the company's high-end agency automation solution. Prior to AMS, Wittstein worked at Aetna Life & Casualty in various support and training roles.

"The facts and numbers prove that Premise Corporation's growth is not just aggressive - it's also steady and well-supported," states Eric Rosow, chairman and chief executive officer. "In our final quarter this year, we more than quadrupled the number of new implementations as compared to the previous year. The number of hospitals now using Premise, as well as our continued investments in staff, infrastructure, support and product development, reinforces our commitment to being the leader in patient flow solutions."

About Premise
Premise Corporation (http://www.premiseusa.com) is a leading provider of integrated and clinically-focused software solutions that optimize patient flow, streamline communications, enhance operational efficiency, and empower knowledge-based decision making. Premise optimizes the delivery of healthcare services by prompting workflow and facilitating the widespread use and visualization of real-time operating data. Premise offers the industry's most intuitive systems for bed placement, management and turnover; transport, environmental services, and decision support, and has been serving the healthcare industry for over 10 years.

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Lora Schwenk Quinn
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