Medical Billing Software Company Reports Three-Year Sales Growth of 320%
NEW YORK, August 22, 2008 – Inc. today ranked CollaborateMD, a leading provider of Internet practice management and medical billing software for the healthcare industry, No. 1173 on its annual ranking of the 5,000 fastest-growing private companies in the country. The list, which ranks CollaborateMD as 86th of the top 100 software companies nationwide, is the most comprehensive look at America’s independent-minded entrepreneurs. "We are proud of our accomplishments and pleased to be recognized as a stand-out in an industry brimming with so many talented software providers," commented Douglas Kegler, CollaborateMD president and CEO. "Our ranking is in part attributable to our software’s hybrid platform, which combines the best of both browser - and server-based solutions to provide a more cost-effective and intuitive solution from which our customers greatly benefit." Ranked as 5th out of 15 software companies in Florida, Kegler is planning for more regional and national growth in the coming months.
CollaborateMD offers an on-demand, Internet-based medical practice management software that allows medical billers, billing services and over 3,000 physicians—across all 50 states—the opportunity to harness the power of the Web to save time, lower costs, streamline efficiencies and get doctors paid faster. The application is a hybrid Software as a Service (SaaS) model that combines the advantages of a browser-based program with the benefits of a locally run Windows-based program. Utilizing this proprietary hybrid model, CollaborateMD offers a solution that is faster and more efficient than a browser-based program, and yet more flexible than a stand-alone, locally run application.
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, for profit, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
"Our second annual Inc. 5000 continues the most ambitious project in business journalism," said Inc. 5000 Project Manager Jim Melloan. "The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth."
Headquartered in Orlando, FL, CollaborateMD provides the health care industry with a HIPAA compliant, Internet practice management and electronic medical billing software and Revenue Cycle Management application that has the speed of a local PC application and the "use anywhere" flexibility of a Web browser application. CollaborateMD is a 100% Java application utilizing Sun Microsystems Java Platform. CollaborateMD offers physician offices and medical billing services the opportunity to become more efficient and flexible. For more information, visit www.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.