Rochester, NY (PRWEB) March 2, 2010
eHealth Global Technologies, Inc. (eHGT), a leading medical records and imaging services provider, announced today that revenues nearly doubled in 2009 compared to 2008, and that it has secured a multi-million dollar investment from Milestone Venture Partners and Stonehenge Growth Capital to support continued growth.
Moving into 2010, company officials said, eHGT is experiencing monthly double-digit revenue growth because of strong market demand for two products.
Much of eHGT’s growth has come through the addition of top national and regional medical centers, whose oncology, cardiology, neurology and surgery departments are utilizing the first-of-its-kind Access record retrieval service. These customers are discovering the ability to speed patient care, reduce duplicate exams and procedures, and save costs. “In addition, our customers are linking their information systems into our record retrieval process, creating a very efficient round-trip process for requesting outside records in a HIPAA-compliant manner, then delivering these records digitally into their EMR systems and PACS,” stated Michael Margiotta, CEO of eHGT. “As Meaningful Use guidelines are finalized, our ability to ensure that all the relevant problem lists and active diagnoses are available, including those from external sources, will make the service even more valuable,” he added.
Stonehenge Growth Capital’s and Milestone Venture Partners’ multi-million dollar investment into eHealth Global will provide the capital required to grow the company to its next level. “We are expecting that both eHealth Access Record Retrieval Service and eHealth Connect Diagnostic Image Exchange will see continued dramatic growth, in an environment where the exchange and management of digital records is directly in-line with improving the efficiency of health care and supported by the current efforts of the U.S. administration,” stated Richard Dumler, Partner, Milestone Venture Partners. “We are excited to be partnered with eHGT and support their efforts to grow the company by expanding their unique abilities in the marketplace to share health care information thus improving patient care and lowering overall health care costs,” added Brian Model, Managing Director, Stonehenge Growth Capital.
About eHealth Global Technologies, Inc. (eHGT)
eHGT is a leading medical record retrieval and diagnostic image exchange service provider, serving more than 28 of the nation’s top 100 hospitals and leading health information exchanges (HIEs). The company’s services include eHealth AccessTM Record Retrieval Service and eHealth Connect® Diagnostic Image Exchange. Both help users to improve patient care while increasing productivity and reducing costs. Each service utilizes innovative health information technology to access medical records and diagnostic images in any format, and then securely delivers them to providers and clinicians in a digital format to improve continuity of care. Please visit http://www.eHGT.com for more information.
About Stonehenge Growth Capital
Stonehenge Growth Capital ("SGC") manages the growth equity and debt investment assets of Stonehenge Capital Company, LLC. SGC’s growth equity team invests in high potential, technology-enabled services companies based in the Northeast, the Southeast, and Texas. SGC is focused on regions where there is an abundance of innovation and entrepreneurial activity and a relative dearth of local growth equity investors. With operating offices and long-nurtured networks in each region, Stonehenge Growth Capital has developed a historically successful investment track record by combining deep local presence with a national scale. For more information, visit http://www.StonehengeGC.com.
About Milestone Venture Partners
Milestone Venture Partners, located in New York City, is an early-stage venture capital fund with $70 million under management. Milestone's investment strategy is focused on capital-efficient, technology-enhanced services businesses in the Greater New York region. Areas of expertise include healthcare IT, media and marketing services, and financial services IT. For more information about Milestone, visit http://www.milestonevp.com.