Precision Health Economics (PHE) recently announced that it will open its fifth U.S. office in Austin to continue the expansion of the company’s corporate footprint, housing executive, administrative and research functions. PHE is a health-centric economic and policy authority, and plans to develop a new space that will draw on the city’s fertile recruitment possibilities. The goal is to expand its technology and recruit highly educated sciences researchers.
“PHE is enjoying continued growth—over 45 percent last year and a projected surge of an additional 50 percent in 2014. We need to be based close to the talent, and provide office locations where people would want to move,” said Chief Executive Officer Glenn Bilawsky.
PHE is focused on healthcare delivery issues, such as measurable improvement in patient outcomes. Composed of elite thought leaders and cited in national and global media, the consultancy integrates technical expertise with practical insights to launch new approaches to healthcare problems.
“In our model, employees can locate to any office; Austin—with its climate, fantastic music and arts scene, top schools, and relatively low cost of living—will be a magnet for talent,” Bilawsky added.
The city has recently attracted more than 300 companies from other tech hubs around the U.S., some of which are listed in the Fortune 500. In February, Forbes magazine listed Austin in the top of the “Fastest Growing Cities” rank for the fourth year in a row. According to the publication, “when governments, universities and business communities work together, the economic vitality is impressive.”
Kiplinger Magazine recently characterized the city as having “Smart people, great ideas and collaboration are the Austin ‘innovation factor’” — all viable reasons why PHE has chosen it as the home of its eighth office.