Innovative Health Solutions Posts Record Fourth Quarter Sales
Posted on: Tuesday, 7 February 2006, 09:01 CST
RED BANK, N.J., Feb. 7 /PRNewswire/ -- Innovative Health Solutions (IHS), an Accuro company and a leading provider of coding, compliance, reimbursement and information systems, today announced that the contract value of new fourth quarter sales exceeded $1.5 million.
Fred Stodolak, president and CEO for the New Jersey-based healthcare IT company, made the announcement. He said the new solutions for comparative and strategic pricing initiatives as well as healthcare compliance, as represented by its CliniGuide Plus(TM) product, led the way. Among several of the major healthcare customers are Boston-based Partners HealthCare, Catholic Healthcare Partners of Cincinnati and Tenet Healthcare Corporation of Dallas.
"Our successful fourth quarter, coupled with our products that address customers' needs for online coding, compliance, pricing and reimbursement solutions, accounted for our positive sales," said Mr. Stodolak. "It is essential in today's healthcare climate that providers maintain coding compliance and defensible yet optimum pricing. This customer acceptance of our solutions, in these areas, is gratifying and we are very pleased."
In other developments, Innovative Health Solutions recently signed licensing agreements with 3M and TriZetto and said other major agreements were in the works. Founded in 2002, the company was acquired by Accuro Healthcare Solutions in October, 2005.
About IHS
Innovative Health Solutions, an Accuro company, is a leader in the development of coding, compliance, reimbursement and information management solutions. Today, over one-fourth of the nation's healthcare providers, major IT vendors and managed care organizations use our systems and solutions to increase revenue, optimize reimbursement, enhance decision support, improve cash flow and ensure coding compliance. Innovative Health Solutions products help customers achieve optimal financial results in an era of ever-diminishing resources and expanding regulatory complexities.
Innovative Health Solutions
CONTACT: Dan Dwyer, Chief Sales Officer of Innovative Health Solutions,ddwyer@ihsinfo.com, +1-732-383-4997
Source: PRNewswire
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