Press Releases

PHNS Ranked in Top 5 Hospital IT Outsourcers

DALLAS, TX- October 20, 2006 –PHNS Inc. announced that it was rated as one of the top 5 hospital information technology outsourcing companies in a recent survey conducted by Modern Healthcare magazine.  Modern Healthcare conducts its study on hospital outsourcing annually.

Information technology outsourcing by hospitals experienced a 10.1% increase in 2005 according to the survey.  Overall the top 20 outsourcing companies in the Modern Healthcare survey reported 10,227 healthcare clients, up 16% from 8,820 in 2004.  Of the 13 firms that provided financial information, revenue rose 6.4% to nearly $2.8 billion from more than $2.6 billion in 2004.   A complete list and ranking of all respondents to Modern Healthcare’s 2006 Outsourcing Survey can be found on its website at www.modernhealthcare.com.  

In addition to providing information technology outsourcing services for hospitals, PHNS provides outsourcing of health information/medical record management services and receivables management/revenue cycle services.  PHNS’ health information/medical record management services include medical records management and storage, transcription, coding, release of information and electronic medical record services.  PHNS provides services to more than 425 hospitals.   

About PHNS:  PHNS provides comprehensive healthcaring solutions for hospitals including information technology, health information management (including medical record management and storage, transcription, coding, release of information and electronic medical record services) and receivables management services.  Serving more than 425 U.S. hospitals, PHNS creates business-healthy hospitals by improving operations, enhancing technology and increasing cash on hand.  This allows hospitals to focus on their core competency--patient care.  PHNS is a national healthcare services company headquartered in Dallas, Texas.  See www.phns.com for additional information about PHNS.