Precyse Selected as Winner of Venture Summit Mid-Atlantic 100 Top Private Companies
Wayne, PA and Alpharetta, GA Nov 29, 2011 — Precyse, a leader in health information management (HIM) technology and services, is pleased to announce it has been chosen as one of the Venture Summit Mid-Atlantic 100 winners. Inclusion in the Venture Summit Mid-Atlantic 100 signifies leadership among its peers through game-changing approaches, services and technologies that are likely to disrupt existing markets and entrenched players, and creates huge value-created opportunities in the Mid-Atlantic region.
Precyse was nominated for the Mid-Atlantic 100 Life Sciences and Healthcare Services category by NewSpring Capital. ”The importance and complexity of clinical documentation in today’s healthcare delivery systems has become critical. Precyse has become the leader in providing these important technologies and services. Their industry adoption has been impressive and a pleasure to invest behind,” said Brian Murphy, General Partner of NewSpring Health Capital of Radnor, Pennsylvania.
The Venture Summit Mid-Atlantic 100 winners were selected from among thousands of Mid- Atlantic technology companies nominated by investors, bankers, journalists, and greentech industry insiders. Precyse was specially selected by this group and by global industry experts based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.
Precyse President, Chris Powell, will participate in a Healthcare Information Technology (IT) panel discussion during the IMPACT 2011 conference on November 30th at 2:00 p.m. at the Pennsylvania Convention Center. The discussion will outline trends driving record levels of activity in Healthcare IT, key regulatory initiatives, new operating concerns around patient safety, accountable care organizations, healthcare exchanges, and how public and privacy financing alternatives have created industry frenzy.
“Healthcare providers are facing many regulatory and compliance changes and challenges today and seek partners like Precyse with innovative solutions and expert services to help them meet those challenges head on,” said Powell. “From patient care to reimbursement, we strengthen health data integrity, drive EHR adoption, help meet Meaningful Use objectives and support full regulatory compliance for our clients. In fact, we’ve helped over 850 hospital and health systems improve health information workflow, productivity and accuracy, reduce operating costs, stabilize revenue cycle activities and mitigate regulatory and financial risks.”
Precyse and the Venture Summit Mid-Atlantic 100 companies will be honored at the IMPACT Venture Summit Mid-Atlantic event, a two-day executive event at the Pennsylvania Convention Center in Philadelphia featuring CEO presentations and high-level debates on the most promising emerging technologies and new entrepreneurial opportunities on the East Coast. PACT’s annual venture conference, IMPACT 2011, is the most established venture conference in the northeast. For over 20 years, IMPACT has been showcasing the best and most promising investment opportunities in the technology, life sciences, and clean technology sectors. IMPACT’s featured companies have raised more than a $1 billion in venture financing and are some of the region’s most recognizable names.