|[January 24, 2013]
API Healthcare Announces 60 Percent Year-Over-Year Sales Growth in 2012
HARTFORD, Wis. --(Business Wire)--
Healthcare, the leader in healthcare-specific workforce management
technology, today announced a 60 percent year-over-year increase in
sales bookings. The Company's 30th year of operation was also
a record year in a long line of successful growth years. Record bookings
in the fourth quarter of 2012 were a result of the Company signing
dozens of health systems and staffing agencies seeking to optimize their
"Our strong financial performance in 2012 is highlighted by double-digit
growth in sales bookings, revenue and EBITDA," said J.P.
Fingado, president and chief executive officer, API Healthcare.
"That growth positions API Healthcare to continue to deliver innovative
solutions and our distinctive strong service levels to the market. As
the healthcare industry continues to adapt to the dynamic challenges of
healthcare reform, we anticipate the increased demand for innovative workforce
management solutions will carry over into 2013 and well beyond."
"The growth trajectory can be attributed to a number of factors.
Decreasing reimbursements, increasing health system operating expenses
and more focus on quality have directed healthcare executives to place a
great deal of attention on the labor pool," said Fingado. "With labor
costs amounting to an estimated 60 percent of these operating costs, and
the need to optimize the placement of staffing resources from both a
financial and quality perspective, many leading healthcare systems are
shifting to API Healthcare's integrated platform of staffing, time an
attendance, human resources and payroll and talent management solutions."
"Like every hospital, Kadlec
Regional Medical Center is committed to delivering quality patient
care," said Dave Roach, vice president IT/CIO,
CPHIMS, Kadlec Regional Medical Center, Richland, WA. "API Healthcare
helped us combine this commitment to quality with innovative, workforce
technology solutions to develop the electronic employee record for our
organization - providing for better efficiency of our entire workforce.
Kadlec looks forward to many more years of successful partnership as we
collaborate to ensure our mutual success."
A sample of the healthcare systems recently signed include:
The year was also highlighted by API Healthcare being named "Category
Leader" for Staff/Nurse Scheduling and for Time and Attendance
categories in the 2012 Best in KLAS Awards: Software and Services report.
About API Healthcare
API Healthcare (www.apihealthcare.com)
is the largest healthcare-specific vendor focused on workforce
management solutions for the healthcare industry. Driven by the mission
to elevate quality and performance across the healthcare community
through innovative workforce solutions and services, API Healthcare has
been dedicated to the healthcare industry for more than 30 years. The
company's staffing and scheduling, patient classification, human
resources, talent management, payroll, time and attendance, business
analytics, and staffing agency solutions are used by more than 1,600
hospitals and staffing agencies. Founded in 1982, API Healthcare has
been rated by KLAS in the Top 20 Best in KLAS Awards Report (www.KLASresearch.com)
as the top time and attendance provider system for the last 11 years
(2002-2012) and the top staffing and scheduling solution in 2012.
KLAS is a research firm on a global mission to improve healthcare
delivery by enabling providers to be heard and to be counted. Working
with thousands of healthcare executives and clinicians, KLAS gathers
data on software, services, medical equipment, and infrastructure
systems to deliver timely reports, trends, and statistical overviews.
The research directly represents the provider voice and acts as a
catalyst for improving vendor performance. KLAS was founded in 1996, and
their staff and advisory board average 25 years of healthcare
information technology experience. Follow KLAS on Twitter (News - Alert) at www.twitter.com/KLASresearch.
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