Medical Billing Software Provider Moves Up 48 Positions in 2009 with 280% Revenue Growth
NEW YORK, NY. & ORLANDO, FL. – August 13, 2009 – Inc. Magazine today ranked CollaborateMD, a leading provider of hybrid SaaS practice management and medical billing software for physician offices and third-party billing services, No. 1125 on its annual ranking of the 5,000 fastest-growing private companies in the country. The 2009 list, which ranks CollaborateMD as 77th out of over 300 health industry companies nationwide, represents the most comprehensive look at America’s independent-minded entrepreneurs.
Ranked as 4th out of 26 health companies in Florida, and recently awarded as a Top 100 Company for Working Families by the Orlando Sentinel, CollaborateMD has a notable presence in the southeast US where they are headquartered. Serving nearly 4,000 providers across all 50 states, their growth continues nationwide. Utilizing their proprietary hybrid Software as a Service (SaaS) model, CollaborateMD perpetuates this growth by offering a unique solution that is faster and more efficient than a browser-based program, and yet more flexible than a stand-alone, locally run application.
The Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. To qualify, companies must be U.S.-based, privately held, for profit, and independent, with 2005 revenue totaling at least $200,000 and 2008 revenue totaling at least $2 million.
“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.”
“Last year’s ranking indicated that our Company had reached an important growth milestone,” commented Douglas Kegler, CollaborateMD president and CEO. “The fact that we have advanced our position at both the state and national level illustrates how vital a high-value, feature-rich, and cost-effective medical billing solution is to our industry. We are fortunate to serve such a critical need in the health information technology arena.”
CollaborateMD has been helping medical practices and billing services optimize clinical and financial workflow for increased revenue and net profit improvement since 1999. Serving thousands of providers nationwide, CollaborateMD offers the healthcare industry a HIPAA-compliant, 100% Java, hybrid SaaS practice management and medical billing software application, which easily integrates with several leading EHR and laboratory solutions, and offers ePrescribing and secure patient-to-provider communications. For more information, visit CollaborateMD.com, Blog.CollaborateMD.com, or call 888.348.8457.
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.