BUFFALO, N.Y., July 11, 2012 /PRNewswire/ -- CTG, (NASDAQ: CTGX), an information technology (IT) solutions and services company, announced today that it was ranked 59th in the 2012 Healthcare Informatics 100 (HCI 100), the annual ranking of the top 100 healthcare information technology (HIT) vendors based on revenue. The company's continued growth of its healthcare business has moved CTG from its 2010 ranking of 69th and 2011 ranking of 65th to its current position. In addition to other large healthcare IT consulting firms, the list includes the leading hospital information systems companies and other healthcare-related software firms.
"This recognition reflects our success in partnering with clients to effectively address their clinical, business, financial, and operational needs and challenges," said CTG's CEO and Chairman James R. Boldt. "CTG's climb up the HCI 100 rankings over the past three years also demonstrates that healthcare providers and payers recognize the value of our IT and business consulting expertise. In total, our healthcare business now represents about 30% of CTG's revenue and remains the major focus of our growth efforts."
The HCI 100 list is published by Healthcare Informatics, a leading magazine for chief information officers, chief medical information officers, and other C-suite IT leaders who are responsible for the planning, development, and implementation of new technologies at hospitals and other healthcare organizations. Healthcare Informatics compiled the HCI 100 list in collaboration with two market research companies − Evanston, Ill.-based ST Advisors and Atlanta-based Porter Research, which reviewed revenue figures submitted by HIT companies. For companies that did not provide revenue for fiscal year 2011, Porter and ST Advisors developed estimates based on public and private information from financial reports, news releases, and healthcare industry consultants."The HCI 100 recognition is the result of our ability to help clients use IT to achieve quantifiable benefits and a tribute to the hard work, dedication, and commitment of CTG's outstanding employees," said Ted Reynolds, vice president of CTG Health Solutions, the healthcare division of CTG. "We are proud to be named among the most successful HIT companies in the U.S. and look forward to continued market growth and performance." CTG Health Solutions offers technology and business consulting services and tools that enable health providers and insurers to address system implementation and optimization, quality improvement, spiraling costs, regulatory requirements, operational efficiency, effective care delivery, patient satisfaction, and member service.