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Health Analytics Doubles Staff, Expands Operations

September 16, 2008

COLUMBIA, Md., Sept. 16 /PRNewswire/ — Health Analytics — a healthcare intelligence firm that conducts and interprets scientific studies to improve healthcare outcomes, provide valuable business insights, and enhance business profitability — has more than doubled its revenue and number of employees in recent months and has expanded its operations as a result. The company joined Howard County’s Center for Business and Technology Development’s NeoTech Incubator in 2007.

After being awarded a contract last month to evaluate the client’s new approach for healthcare treatment and develop strategies for expanding patient access and market penetration, Health Analytics added several new positions to its ranks. The company brought on more project management and support staff to service the contract, which is valued at more than $2 million. Health Analytics is expanding to additional office space to accommodate its growth.

Charles Ruetsch, Ph.D., chief science officer and founder of Health Analytics, reports that the growth of the organization is in line with his expectations.

“I’m thrilled that Health Analytics is meeting its projections for steady, healthy growth. A year ago, we anticipated that we would likely double in size by 2009. We’re a few months ahead of schedule, but certainly in line with where we had planned to be,” said Ruetsch.

“We are pleased that Health Analytics has had the opportunity to grow its business and we are happy to provide needed space and resources to meet their needs,” said Carol Morrison, director at the NeoTech Incubator at the Center for Business and Technology Development. “We look forward to Health Analytics’ continued growth and success.”

About Health Analytics: Health Analytics acts as a liaison between health science and business leaders, effectively integrating scientific research with business analysis. Using sound scientific and business methods, the company identifies and interprets data or research findings into relevant and actionable information for health care industry clients. Health Analytics serves organizations large and small, from national managed care organizations to start-up medical technology, pharmaceutical manufacturers and biotech companies. Health Analytics is a member company of the Howard County Center for Business and Technology Development. For more information about Health Analytics, please visit http://www.healthanalytic.com/.

About The Center for Business and Technology Development: Founded in May 2000, the Center is dedicated to the discovery, stimulation, nurturing, growth, and success of entrepreneurship in Howard County. It has gained a reputation for creating innovative programs to foster entrepreneurship in the greater Washington/Baltimore region. Among its many service offerings, the Center provides assistance to over 1,000 entrepreneurs annually through its Business Resource Center and facilities for NeoTech Incubator companies. A “one stop shop” for entrepreneurial services, the Center is one of the few facilities in the nation that combines a business incubator and business resource center under one roof. For more information about The Center for Business and Technology Development, please visit http://www.thecenter.biz/.

   Contact:    Christine Schoenberger, MHS   Marketing Director, Health Analytics   410-997-3314   christine.schoenberger@healthanalytic.com    

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/.

Health Analytics

CONTACT: Christine Schoenberger, MHS, Marketing Director of HealthAnalytics, +1-410-997-3314, christine.schoenberger@healthanalytic.com

Web site: http://www.healthanalytic.com/http://www.thecenter.biz/




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