Carmel, Indiana (PRWEB) May 01, 2014
PolicyStat LLC, (http://www.policystat.com) a leading provider of policy lifecycle management solutions for healthcare organizations, has just closed the books on another record breaking quarter.
“I am pleased to highlight that in Q1 2014 we experienced one of the best bookings performances in PolicyStat’s history, with new bookings growing more than 100% over the first quarter 2013. Our Q1 2014 total contract value doubled from Q1 2013, and we now have close to 500 customers using our flagship policy management solution,” said Steven Ehrlich, President of PolicyStat.
Building on 2013’s financial success, PolicyStat turned in another profitable quarter during the first three months of 2014, and the company plans to reinvest these profits in areas that ensure customer success. The first half of 2014 will see significant headcount growth within the company’s Client Services and Product Development teams to service its growing customer base and to continue the trend of ongoing product expansion and enhancement. The company had strong recognized revenue growth for the quarter, increasing more than 60% when compared to the same quarter last year and setting the stage for a very successful 2014.
Mark Boxberger, PolicyStat Vice President of Client Services commented, "Our continued success has allowed us to invest heavily in Client Services over the past 12 months. We have added tools, technology and most importantly people who consistently score near 100% satisfaction ratings and keep our clients delighted with their PolicyStat system.”
One customer commented, “We have rolled out PolicyStat to almost all of our health system, which includes more than 30 hospitals and numerous physician offices, clinics and rehabilitation facilities. We have done this in remarkable time given the lack of consistency and organization across all of our facilities. Our employees love the new system and I cannot say enough about the professionalism and expertise of the PolicyStat Implementation Team.”
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.