PHX named one of America's Fastest-Growing Private Companies-the Inc. 5000

Online, October 22, 2009 (Newswire.com) - Inc. magazine recently named Premier Healthcare Exchange, Inc "PHX" to it's third annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy. The list of 5000 was chosen by Inc. after receiving over 50,000 nominees.

Inc. also ranked PHX as number 88 on the list of the fastest growing companies in the critically important healthcare sector of the economy. Geographically, PHX came in as the 93rd fastest growing company in the New York City metro area.

"Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate," said Inc. 5000 project manager Jim Melloan. "That's why our list is so eagerly anticipated every year."

"Inc's recognition of PHX as one of 'corporate America's supercharged performers' is a testament to all the hard work we've done," said Robert C. Malone, President and CEO of PHX. "During these tough economic times, when companies are looking at every single penny they spend, we are extremely proud of the millions of dollars of savings our advanced cost management solution has provided to our clients."

The 2009 Inc. 5000, unveiled on Inc.com, serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list perhaps the best example of the impact private, fast-growing companies can have on the economy.

Methodology

The Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales.

About PHX

PHX delivers advanced cost management solutions for health plans. The company combines claim processing automation with professional services to deliver a centralized approach to cost management, increasing savings in both the near and long term while dramatically reducing errors and turnaround time. The firm's solutions are used by a number of the industry's leading insurance companies, Health Maintenance Organizations (HMOs), and Third Party Administrators (TPAs). Services included in the PHX solution include bill review and audit, secondary repricing/claims negotiations, fraud and abuse detection, and health benefits trend analysis and reporting. All services are handled in-house for maximum privacy and legal and regulatory compliance. PHX also supplies full technology implementation, training and support for quick, seamless integration into any organization. Visit www.phx-online.com for more information. Contact: Clara Pachomski (888) 311-3505 x267 [email protected]

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. www.inc.com is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com