PolicyStat's success in 2009 clearly illustrates the business value healthcare organizations realize by using our solution, and it underscores the benefits our solution delivers in three critical areas within our healthcare system - improved quality, reduced cost, and mitigated risk.
Indianapolis, IN (PRWEB) February 4, 2010
PolicyStat LLC, the leading provider of policy lifecycle management solutions for healthcare organizations, is pleased to announce the close of the most successful year in the company's history in 2009. During a year when the national economy was staggering through one of the worst recessions in history, PolicyStat achieved significant growth and record results.
"We are very proud of our 2009 performance, particularly in light of the challenges faced by healthcare organizations and the economy as a whole during the year," said Steven Ehrlich, President of PolicyStat. "PolicyStat's success in 2009 clearly illustrates the business value healthcare organizations realize by using our solution, and it underscores the benefits our solution delivers in three critical areas within our healthcare system - improved quality, reduced cost, and mitigated risk."
PolicyStat's success in 2009 was illustrated by three key measures - the growth in its customer base, the increase in its contracted revenue, and the expansion of its workforce. In 2009 PolicyStat's customer base more than doubled, adding hospitals and Integrated Health Networks across the United States. At the same time, the company secured record revenue, seeing its new customer bookings increase to more than 200% of 2008 levels. To help manage this growth PolicyStat also made important hires across the company in key areas designed to ensure customer success. Importantly, the company's executive ranks were strengthened with the addition of veteran software professionals, Robert Vaughan as VP Business Development and Mark Boxberger as VP Client Services. PolicyStat's 2009 success laid a solid foundation for continued growth in 2010.
"Our 2009 success as a company is truly a bi-product of our relentless focus on the success of our customers," said Ehrlich. "We know that how well we do depends entirely on the value we deliver our customers in the healthcare market. Without question, their success is our success. Our unwavering commitment to the healthcare market means that we will continue to deliver the best solutions possible for our customers. We look forward to exceeding our 2009 performance in 2010 by outperforming customer expectations, delivering increasing customer value, and creating customer success throughout the year."
ABOUT POLICYSTAT LLC:
PolicyStat LLC is an Indiana-based corporation providing an industry-leading policy lifecycle management solution for healthcare organizations. The PolicyStat solution increases productivity while simultaneously enhancing quality and compliance management. PolicyStat's Software-as-a-Service (SaaS) offering enables short customer deployment timelines by both minimizing IT staff involvement and providing vital implementation services. For more information please visit our website at: http://www.policystat.com.