This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CTG Announces Four Major Healthcare IT Contracts

BUFFALO, N.Y., June 29, 2012 /PRNewswire/ -- CTG (NASDAQ: CTGX), an IT solutions and services company, announced today the award of four contracts totaling $16 million in revenue over a two-year period.  The new projects include:  

  • A two-year application management outsourcing engagement for a major university-affiliated children's hospital. 
  • Business process re-engineering and application implementation services for a regional health insurer for HealthEdge, a leading enterprise-class software vendor for healthcare payers 
  • A two-year project to expand CTG's IT medical management model for a healthcare provider organization
  • A one-year consulting engagement to provide implementation support for a statewide health information exchange (HIE)

"While anticipated, we are pleased to see these four major projects move from our pipeline to billable work," said James R. Boldt, CTG chairman and chief executive officer.  "These new engagements also reflect that growth in our healthcare business is coming from multiple, diverse sources.  This latest HIE project brings us into a new state and builds on the work we have already done for state and regional HIEs.  The medical management tool is part of our comprehensive suite of analytics solutions for healthcare providers and payers that support better and lower cost healthcare. The new payer project expands our HealthEdge vendor practice to three large health insurers. CTG is a HealthEdge partner and based on the growing popularity of HealthEdge's HealthRules suite as an enterprise-class software platform for healthcare payers, we see significant additional growth opportunity for new health payer business."

Mr. Boldt added, "The new outsourcing engagement supports the maintenance of multiple outgoing and ongoing provider applications. Application management outsourcing is already a significant part of CTG's healthcare business and we see further growth in this area as more healthcare organizations move toward permanently outsourcing some of their application portfolio."   

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs