Carefx Named an Innovative Information Access ‘Company to Watch’ By Leading Market Research Firm
Report on technology companies under $100 million cites Carefx’s delivery of ‘innovative solutions for unified access and management to clinical content and data’; In separate news, Carefx ranks #166 on Deloitte LLP’s 2009 Technology Fast 500™
SCOTTSDALE, AZ- October 28, 2009 - Carefx Corporation, a leading provider of interoperable workflow solutions to advance the quality and safety of patient care, is listed among the "Innovative Information Access Companies Under $100 Million to Watch" by IDC, a leading IT market research and advisory firm. The October 2009 study (IDC #220450), unveiled by IDC on Monday, Oct. 26, profiles companies "with the vision and technology to have an impact on the IT marketplace" and those that exemplify trends such as "unified management of and access to all information types - both data and content -across applications and repositories."
Carefx was selected for inclusion in the Information Access report (IDC #220450) based on IDC's solicitation of entries from companies of less than $100 million in revenue in 2008 that exemplify trends driving change in information access markets. Analysts who cover information access software completed a first round of judging followed by a second round of judging involving IDC research executives. (Click here for an excerpt of the report.)
Based on the drivers of change cited in "Worldwide Information Access, Analysis, and Management Software 2009 Top 10 Predictions" (IDC #215811), this "Companies to Watch" report (IDC #220450) alludes to typical health IT challenges such as data integration, application interoperability and government requirements for meaningful use of EMRs. It acknowledges that meaningful use depends on "architectures and solutions that facilitate unified access to healthcare data stored and maintained in a variety of formats and data types by heterogeneous applications."
"Organizations have come to realize that utilizing their information assets is a key to competitive advantage, but a challenge to execute," says Henry Morris, Senior Vice President for Software and Services, IDC. "Innovative solutions are coming from a group of young companies with fresh approaches to access and manage all types of information. These innovations are having their impact on the industry and will spur technology growth in the coming years."
The "Companies to Watch" report (IDC #220450) stated that Carefx's Fusionfx Solution Suite is a noteworthy strategy because it uses a graphical, role-based portal system to provide an innovative and secure way for healthcare organizations to connect and integrate data sources and applications within healthcare organizations.
(IDC's "Companies to Watch" reports are a qualitative evaluation of a set of vendors within a specific market - they are not a stack ranking nor do they represent an exhaustive evaluation of all companies in a segment or a comparative ranking of the companies in the report.)
Fusionfx, now in use at more than 600 organizations across North America and Europe, including The Johns Hopkins Health System, Virginia Mason Medical Center, Fletcher Allen Health Care, Boston Medical Center, Trillium Health Centre, Catholic Healthcare West and Cambridge University Hospitals, streamlines clinical and business workflow and connects providers to needed information by managing care transitions and information gaps between diverse systems, departments and facilities.
In addition, Carefx is ranked #166 on Deloitte's 2009 Technology Fast 500TM, Deloitte LLP's ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America, based on percentage of fiscal year revenue growth during the five year period from 2004-2008. Carefx grew 807 percent during that period. For more information on Deloitte's 2009 Technology Fast 500, visit http://www.deloitte.com/us/fast500/.
For more information on "Innovative Information Access Companies Under $100 Million to Watch," (IDC #220450) visit: http://www.idc.com. For an excerpt of the report, visit http://idcdocserv.com/220450E.
About Carefx Corporation
Carefx supports healthcare organizations in achieving their vision of advancing the quality and safety of patient care delivery through its Fusionfx solution suite. Fusionfx streamlines and simplifies clinical and business workflow and connects care providers to the information they need - where, when, and how they need it. By managing care transitions and information gaps between diverse systems, departments and facilities, Fusionfx delivers crucial patient information with speed, efficiency and logic. Carefx supports more than 600 hospitals, health systems, regional health information organizations (RHIOs) and health information exchanges (HIEs) across North America and Europe.
For more information, visit www.carefx.com, or contact Carefx at (480) 833-5010 or by email at info@carefx.com.
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KNB Communications
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