Listing in 12th Annual Healthcare Informatics 100
Contact: Jeff Drake,
Chief Sales and Marketing Officer, (615)661-5657.
July 1, 2005
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.