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FRANKLIN, Tennessee –
Passport Health Communications, Inc.®
one of the nation’s leading healthcare information technology companies, has
been named as one of Healthcare Informatics Top 100 Healthcare Companies by
Revenue released earlier this month.
“It’s an honor to be recognized,” states
James V. Lackey, Jr., Passport’s
President and Chief Executive Officer. “We have been successful in fueling our
growth with increasing new sales through our core business combined with
strategic acquisitions to enhance our product offering to existing and new
clients,” stated Lackey. In 2004, Passport acquired Proservices of Wisconsin and
added electronic claims submission to its growing list of revenue cycle related
healthcare products.
Robert D. Brown, Passport’s CFO commented, “Passport is a leading resource for
healthcare providers to obtain access to crucial, real-time information to
maximize efficiencies in their daily administrative and financial activities.”
Brown went on to say, “We continue to execute our acquisition strategy in 2005
as evidenced by our purchase of Healthworks Alliance, Inc. (HWA), a recognized
leader in medical necessity healthcare compliance.” Passport acquired HWA in
May, 2005.
The Healthcare Informatics 100 data-gathering process began in mid-March when
the publication asked more than 1,800 companies in their database to complete an
online survey for their annual ranking of Top 100 IT companies’ revenue growth.
The top IT companies sold more than $24 billion in IT products and services in
2004.
About Passport Health Communications
Passport Health Communications, Inc., based in Franklin, Tennessee, is focused
on the delivery of world-class technology solutions to assist health care
providers in maximizing their revenue cycle performance. Healthcare
professionals in over 1200 hospitals in 45 states utilize Passport products as a
source for obtaining access to crucial, real-time patient information. Passport
offers real time access to data and proprietary technology essential for
accurate patient registration, billing, collections, self- pay reimbursement,
claims submission and medical necessity compliance. These financial and
administrative tools help to reduce claim denials and improve cash flow. The
company offers health care providers insurance information on more than 175
million covered lives, including access to Medicaid and Medicare in most states.
Services are provided through a real-time browser, electronic batch, and point
of service terminal or integrated within the providers health information
system. For more information regarding Passport Health Communications and its
services, please visit us at
www.passporthealth.com.
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