Inc. Magazine Unveils Its Annual Exclusive List of America’s Fastest-Growing Private Companies- the Inc. 5000
ORLANDO & NEW YORK, August 29, 2011 -- Inc. magazine today ranked CollaborateMD, a leading provider of cloud-based medical practice management and medical billing software for medical practices and billing services, NO. 2276 on its fifth annual Inc. 500|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—America’s independent entrepreneurs. Online retailer ideeli tops this year’s list. CollaborateMD joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, makers of the Rabbit corkscrew, among other prominent brands featured on this year’s list.
CollaborateMD is headquartered in Orlando, FL and has been in business since 1999. Since its commencement, the software has enabled medical providers to more efficiently manage their offices and lower their accounts receivable. CollaborateMD provides a simple practice management and medical billing solution that assists in making office managers’ lives easier and in helping physicians get paid faster.
“We are all very pleased to have continued growth during the downturn in the economy”, mentioned Douglas Kegler, CEO of CollaborateMD. “I’m very proud of our employees and thankful for our loyal customers that have made this possible. We all look forward to another great year. ”
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. magazine Editor Jane Berentson.
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
Since 1999, CollaborateMD’s cloud-based healthcare solution has been a disruptive factor in how medical businesses manage their medical practice and medical billing. CollaborateMD’s 100% Java solution, with its simplicity, no contracts and affordable monthly fees, allows 5,000 active medical providers to see a true return on investment. CollaborateMD customers enjoy fast implementation, exceptional and unlimited support and most importantly, increased office efficiency and reduced accounts-receivable. For more information, visit www.CollaborateMD.com or call 888.348.8457.
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 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
At CollaborateMD we are obsessed with getting your medical claims paid fast. All of us at CollaborateMD are here and ready to help make your life easier.
Give us a call at 877.480.6517 for more information.