CareTechNews

CareTech Solutions selected as Future 50 award recipient by Detroit Regional Chamber

Healthcare information technology services company recognized for economic impact and employment growth in Southeast Michigan

Troy, Mich. – September 30, 2005 – CareTech Solutions, Inc., an information technology (IT) and health information management (HIM) services company for hospitals and healthcare systems, announced today that is has been selected as a winner of the 2005 Future 50 of Greater Detroit competition for the second year in a row.

This annual award recognizes successful emerging companies across the Detroit Region. Each company is selected based on revenue and their impact on the economy of Southeast Michigan through growth in employment, investments, community enhancement, revenues and acquisitions. Winners were announced today during an awards luncheon at the Troy Marriott, which was hosted by WJBK Fox 2 business reporter and 5:30 p.m. anchor Murray Feldman and featured a keynote speech by Denise Illitch, president of Illitch Enterprises.

“It is a privilege for CareTech to be once again recognized as one of Metro Detroit’s corporate leaders,” said James Giordano, president and chief executive officer for CareTech Solutions. “While our goal is to help advance healthcare information technology capabilities, we also pride ourselves on being an employer of choice for IT and HIM professionals. We have our exceptional team members to thank for their dedication to continue lowering healthcare costs while creating a better patient and clinician experience for our client hospitals.”

Among the core criteria for the award, CareTech has responded to the growing needs of its clients by enhancing its IT and HIM offerings and adding Web services, revenue cycle services and structured cabling services to its roster. These service line additions have provided CareTech’s client hospitals with a comprehensive set of services that address needs across the entire patient data lifecycle and assists hospitals and healthcare systems to improve the quality of patient care while reducing the cost of care delivery.

In addition, CareTech offers a strong annual growth rate with a solid, satisfied client base and a variety of job opportunities and continued professional development for skilled IT workers in southeast Michigan. CareTech currently employs more than 700 people throughout the United States and expects this growth to continue over the next five years, as technology becomes more embedded in the healthcare industry. As an employer, CareTech offers an exciting and motivating workplace for its employees by valuing such ideals as mutual trust and respect, fairness, teamwork, tolerance and commitment to family and community – all of which CareTech believes provides added value to its clients.

The Future 50 of Greater Detroit is awarded by the Detroit Regional Chamber in conjunction with BDO Seidman LLP, LaSalle Bank and WWJ Newsradio 950.

About CareTech Solutions
CareTech Solutions, Inc., an information technology (IT) and health information management (HIM) outsourcing provider for hospitals and health systems, is committed to creating value for healthcare clients through customized, flexible outsourcing solutions that contribute to improving patient care while lowering healthcare costs. Based in Troy, MI, CareTech Solutions offers clients expert services in virtually every facet of information technology from implementing emerging technologies to supporting day-to-day IT and HIM operations for hospitals nationally. For more information please visit: www.caretechsolutions.com.

CONTACT:

Kevin Sangsland
Airfoil Public Relations, Inc.
(313) 887-7205
sangsland@airfoilpr.com

Jody Meehan
CareTech Solutions, Inc.
(248) 233-3080
jody.meehan@caretechsolutions.com