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Health Market Science Named 42nd Fastest Growing Private Company in the United States; Leading Provider of Healthcare Information Solutions Named to the Inc. 500

Posted on: Tuesday, 15 November 2005, 09:00 CST

Inc. magazine named Health Market Science, Inc. (HMS) the 42nd fastest-growing private company in the nation in the 24th annual Inc 500. HMS is the leading provider of scientifically-engineered healthcare information solutions, including provider reference data, targeting and segmentation solutions, data integration software and services, and dynamic simulation models.

"Being named in the top 10% of the Inc. 500 is a great credit to our employees," said Mark Brosso, HMS founder and CEO. "We have exceptional people who have proven their ability to develop and deliver valuable healthcare information solutions that customers can rely on to run their businesses."

HMS has developed and continuously maintains the single most comprehensive and accurate census of healthcare providers in the United States. The HMS Provider Master File(TM), which includes detailed information on over 4.2 million healthcare practitioners and 1.0 million organizations, is the reference data used by leading healthcare companies to power their sales, marketing, and regulatory compliance efforts. To remediate poor data quality and ensure the ongoing integrity of customer information, healthcare companies turn to HMS for data integration software and services that allow them to enrich their provider master files with verified, trusted reference information. In addition, by combining the HMS Provider Master File(TM) with additional data sources, such as healthcare claims, HMS creates products that help pharmaceutical and medical products companies with customer targeting and segmentation, clinical trial investigator selection, and the shift toward account-based selling.

Founded in 1999, HMS has established a world class customer roster of over 125 healthcare organizations, including 19 of the top 20 global pharmaceutical companies and 10 of the top 15 medical products companies. Additionally, HMS is working with major pharmacy chains, PBMs, healthcare payers and providers, and distributors to continue to improve healthcare data quality across the enterprise. Over the past four years, the market has rewarded the company's unique ability to solve the most difficult information challenges with a sales growth rate of 1,547%, more than double the average in this year's Inc 500 list.

HMS continues to innovate with new offerings to help healthcare companies manage through the implementation of two major government initiatives - Medicare Part D and the National Provider Identifier (NPI). HMS MedicareSim(TM) is an on-line dynamic simulation model that enables pharmaceutical manufacturers to understand, plan, and proactively manage their businesses in light of the new federal prescription drug benefit, Medicare Part D. NPI Right(TM) provides healthcare payers and providers the reference data and integration solutions required to comply with the NPI Final Rule.

According to Matt Reichert, HMS Chief Operating Officer, "Through our tremendous growth over the past four years, we have proven our ability to scale the organization. Now with our core team in place, we look forward to strengthening our position as an important participant in the domestic healthcare industry."

About Health Market Science

Health Market Science (HMS) is the leading provider of scientifically-engineered healthcare information solutions, including provider reference data, targeting and segmentation solutions, data integration software and services, and dynamic simulation models.

By acquiring, managing, and integrating over 2,500 sources of healthcare data, HMS has developed and maintains the HMS Provider Master File(TM), the single most comprehensive and accurate census of healthcare providers in the United States. With the continuously changing nature of healthcare information and the proliferation of enterprise information management initiatives, the HMS Provider Master File(TM) delivers the reference data used by leading healthcare companies to power their sales, marketing, and regulatory compliance efforts. With innovative solutions powered by verified reference data, HMS solves the most complex healthcare information challenges, delivering actionable insights for healthcare companies to increase revenues, drive operational efficiencies, achieve regulatory compliance, and rapidly identify and adapt to changing market dynamics.

Nationally recognized by the Inc 500 as one of the fastest-growing privately held companies, HMS is helping over 125 of the world's leading healthcare companies solve their most complex information problems. On the web at www.healthmarketscience.com.

Source: Business Wire

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