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Health Market Science Selects Portico Systems' Integrated Provider Management to Manage More Than 2,500 Streams of Provider Data

Posted on: Thursday, 11 September 2008, 12:00 CDT

Health Market Science, the healthcare industry's leader in reference information 4.5 million providers and 1 million healthcare organizations, is turning to Portico Systems' single, unified platform for managing their reference data products and supporting service offerings.

Health Market Science will be implementing Portico's Integrated Provider Management (IPM) solution to support internal workflow, data management and emerging customer needs. The solution will accelerate how Health Market Science compiles and reports on up-to-the-minute changes, melding more than 2,500 separate data sources in a common scalable platform. Customers - which include payers, pharmacies, pharmacy benefit managers, pharmaceutical, biotech and medical device manufacturers - rely on this constantly changing data to run their businesses, drive claims processing and comply with government regulations.

"Our customers count on us to deliver the most comprehensive, up-to-date and reliable healthcare provider, organization and affiliation information available," said Matt Reichert, CEO and President of Health Market Science. "Integrating our unique proprietary matching, loading and consolidation rules with Portico's advanced technology platform will help us accelerate and enrich our product offerings to meet our customer's needs."

Health Market Science evaluated many offerings, including major database and master data management vendors, before selecting Portico.

"Health Market Science was faced with having to build a solution to handle the complexity of managing its provider information before assessing our IPM solution," said Ned Moore, CEO of Portico. "Our integrated framework, which combines master data management with workflow and analytics, coupled with our deep provider domain expertise were exactly what Health Market Science was looking for, and we're incredibly excited to be helping them advance their business."

About Portico Systems

Portico Systems' innovative solutions enable health plans to reduce administrative, medical and IT costs. Portico's exclusive focus on provider operations and 500+ staff-years of provider experience has allowed Portico to design the only modular end-to-end provider platform. Portico invites you to explore our website (www.porticosys.com) to learn how our commitment to customer service, quality and technology innovation can accelerate the evolution of your health plan's provider operations. Portico Systems is a partner company of Safeguard Scientifics, Inc. (NYSE:SFE) www.safeguard.com.

About Health Market Science

Health Market Science is the leading source for healthcare provider data and advanced analytics in the United States. Health Market Science has developed unique technology and expertise to continuously acquire, analyze, and integrate over 2,500 distinct data sources to create and maintain the single most comprehensive and accurate source of healthcare provider information available today. The HMS MasterFile(TM) includes detailed reference information for over 4.5 million individual providers and 1.0 million healthcare organizations.

Serving all segments of healthcare, including pharmaceutical manufacturers, biotechs, device manufacturers, payers, providers, and pharmacy chains, Health Market Science is the only company that offers claims information, advanced analytics and the reference data that powers them. This unique combination results in dramatically higher data accuracy and reliability, enabling our customers to increase revenues, drive operational efficiencies, achieve regulatory compliance, and maximize market opportunities.

Recognized on the Inc. 5000 as one of the fastest growing private companies in the United States and 10th on Deloitte's Technology Fast 50 Program for Greater Philadelphia, our more than 200 customers include 20 of the top 20 pharmaceutical manufacturers, 10 of the 15 largest device manufacturers, and 3 of the top 5 pharmacy chains. Health Market Science is a privately held company located in King of Prussia, PA. For more information, visit www.healthmarketscience.com.

Source: Business Wire

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