Columbia, MD (July 1, 2010) – Recent NeoTech Incubator graduate, Health Analytics, hosted a ribbon-cutting ceremony and open house, Wednesday, June 16 at 11 a.m. at its new location on Rumsey Road in Columbia, MD.

Health Analytics is a healthcare intelligence firm that conducts and interprets scientific studies to improve healthcare outcomes, provide valuable business insights, and enhance business profitability.  Howard County’s Center for Business and Technology Development’s NeoTech Incubator fostered the company from 2007 until their March 2010 graduation.

“We are proud to have accomplished so much with the support of the NeoTech Incubator and the people who have stood by Health Analytics over the past several years,” said Dr. Charles Ruetsch, President and CSO of Health Analytics. “NeoTech has been essential in providing us the resources and support we need to grow our business.”

Ken Ulman, Howard County Executive, Dick Story, CEO, Economic Development Authority, and Larry Collins, Executive Director, Howard Technology Council, gave remarks regarding Health Analytics, and assisted in the ribbon-cutting marking the company’s milestone achievement.

"Health Analytics' mission to provide health care decision makers resources to overcome business challenges exemplifies the county's diligence to cultivate innovative knowledge and resources in order to support our community," said Ken Ulman, County Executive.

“The Authority’s Center for Business and Technology Development, with its NeoTech Incubator program, is dedicated to accelerating the development of emerging technology companies,” said Story. “We are pleased to have helped launch another thriving community business.”

Another success story for the local business community, this emerging business venture in the field of translational science started with a mere 2 employees in 2005 and has since grown to a team of 14 employees. The flourishing company is a testament to the resources and support offered through the Center’s NeoTech Incubator and Howard County’s dynamic, entrepreneurial climate.

About Health Analytics: Health Analytics was founded by Charles Ruetsch, Ph.D. in 2005 after a 20 year career in managed care and post-market pharmaceutical outcomes research and management. Health Analytics acts as a liaison between health science and business leaders, effectively integrating scientific research with business analysis. Using sound scientific and business methods, the company identifies and interprets data or research findings into relevant and actionable information for health care industry clients. To find out more, please visit www.healthanalytic.com.

About NeoTech Incubator:  The NeoTech Incubator, a program of Howard County’s Center for Business and Technology Development, helps entrepreneurs develop thriving technology companies.  NeoTech accelerates the growth and success of emerging technology businesses through access to resources, information, and a community of excellence.  The NeoTech Incubator is a three-time winner of the National Business Incubation Association’s Innovation Award.  To learn more about the NeoTech Incubator and the Center for Business and Technology Development, visit www.thecenter.biz.

About The Center for Business and Technology Development: Founded in May 2000, The Center is dedicated to the discovery, stimulation, nurturing, growth, and success of entrepreneurship in Howard County. It has gained a reputation for providing valuable assistance to its clients and for creating innovative programs that foster entrepreneurship in the region. The Center provides assistance to approximately 1,000 entrepreneurs annually through its unique combined services platform.  A “one stop shop” for entrepreneurial services, The Center supports small and medium sized businesses through its Business Resource Center, NeoTech Incubator, and Howard Technology Council.  For more information about The Center for Business and Technology Development, visit www.thecenter.biz.

The Center for Business and Technology Development is part of the Howard County Economic Development Authority, a public-private partnership whose primary goal is to promote economic growth and stability by supporting existing businesses, targeting new businesses, and attracting corporate/regional headquarters. The Authority also maintains several programs aimed at the special needs of small, minority-owned, and agricultural business communities. Additionally, the Authority strives to preserve the distinctive quality of life in Howard County. The Authority can be reached at www.hceda.org.

###