Jan. 20, 2010 (Business Wire) -- Portico Systems, the leader in Integrated Provider Management (IPM) solutions, reports the fifth consecutive year of double digit growth in 2009 as it expands its market presence by helping health insurance companies achieve greater efficiency, administrative cost savings and improved provider relationships. Portico increased its client base to 35+ healthcare companies and has a strong pipeline to drive continued growth throughout 2010.
The growth is attributed to the increasing number of health plans investing in IPM solutions as well as several strategic investments in advanced provider contract management and reimbursement solutions that address impending changes in the healthcare market such as 5010 and healthcare reform.
“The health insurance industry can look to Portico’s substantial assets to capitalize in the post reform world,” said Ned Moore, CEO, Co-founder and Chairman of the Board of Portico Systems. “We offer key building blocks that enable greater flexibility with provider networks so plans can create competitive products and reimburse providers based on the performance and quality of the services provided to their members. That is how plans will thrive in the changing healthcare market.”
Portico Systems has several open positions; please visit www.porticosys.com/porticosys/career_opportunities to learn more.
About Portico Systems
Portico Systems (www.porticosys.com) offers the leading Integrated Provider Management solution for health plans. Our modular end-to-end IPM platform is the result of our exclusive focus on provider management and extensive provider network experience. Portico's platform is used by health plans to reduce administrative, medical and IT costs through automating all provider processes and interactions. Portico also delivers higher levels of provider satisfaction and member loyalty through the improvement of a health plan's provider operations. Portico Systems is a partner company of Safeguard Scientifics, Inc. (NYSE:SFE) www.safeguard.com.
