CTG (Nasdaq: CTGX), an international information technology (IT) solutions and services company, announced today that CTG HealthCare Solutions (CTGHS), its business unit serving healthcare providers, was named by Modern Healthcare to its annual ranking of the 15 largest healthcare management consulting firms. CTGHS was ranked eighth on the 2009 list, based on its 2008 revenue from the healthcare provider consulting market. The list appears in the August 31, 2009, issue of Modern Healthcare, a publication of Crain Communications, a publishing company providing vital news and information to industry leaders and consumers.
"We are pleased to be recognized by Modern Healthcare for the third consecutive year as one of the largest healthcare consulting providers," said James R. Boldt, CTG Chairman and Chief Executive Officer. "In total, our healthcare business represents over 25% of CTG's revenue and remains the major focus of our growth. CTG's significant experience in electronic medical record (EMR) implementations at both the provider and community level positions us very favorably as healthcare organizations increasingly look to EMR systems as a way to improve patient care and reduce costs. Additionally, the availability of ARRA stimulus funds to support EMR implementations is further driving demand for these systems."
Thomas Niehaus, Senior Vice President and General Manager, CTGHS, added, "Our focus on the healthcare market enables us to provide industry-specific technology and business solutions to this large and growing market which has unique and highly specialized needs. In addition to being recognized as an industry leader in healthcare IT and consulting, CTGHS is also well known for the high level of expertise and service that we provide clients as evidenced by our consistently favorable client satisfaction ratings from KLAS, the leading independent organization evaluating healthcare IT providers."
Modern Healthcare compiled the list based on 2008 healthcare revenue from provider consulting fees. The source was Modern Healthcare's fourth annual Management Consultant Firms Survey. For more information about this list, visit www.modernhealthcare.com.
CTG supports the healthcare provider market through its business unit, CTG HealthCare Solutions (www.ctghs.com), which provides clinical, financial, and operational IT and business solutions to healthcare institutions, physician practices, and related organizations. Additionally, CTG serves the healthcare payer and the life sciences market through separate practices within its healthcare business. Collectively, these businesses contributed approximately 26% to CTG's total 2008 revenue of $353.2 million.
Backed by over 40 years' experience, CTG provides IT solutions and services to help our clients use technology as a competitive advantage to excel in their markets. CTG combines in-depth understanding of our clients' businesses with a full range of integrated offerings, best practices, and proprietary methodologies supported by an ISO 9001:2000-certified management system. Our IT professionals based in an international network of offices in North America and Europe have a proven track record of delivering high-value, industry-specific solutions. CTG serves companies in several industries and is a leading provider of IT and business consulting solutions to the healthcare market. CTG posts news and other important information on the Web at www.ctg.com.
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