These are the most innovative, dynamic, fast-growing companies in the nation -- the ones coming up with solutions to some of our knottiest problems, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition.
Chicago, IL (PRWEB) August 27, 2008
Specializing in medical claims processing and data entry, MedValue – a solutions provider focused on Business Process Outsourcing services – was recently ranked 431 on the Inc. Magazine list of America’s 500 Fastest-Growing Private Companies. The list is the most comprehensive look at the most important segment of the economy – America’s independent-minded entrepreneurs.
“If you want to find out which companies are going to change the world, look at the Inc. 500,” said Inc. Editor Jane Berentson. “These are the most innovative, dynamic, fast-growing companies in the nation -- the ones coming up with solutions to some of our knottiest problems, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition.”
In addition to its overall ranking of 431st, MedValue ranked 53rd on Inc.'s list of the Top 100 Business Services Companies for 2008 and 23rd overall in the Chicago area. Based in Oak Brook, Illinois, MedValue brings Business Process Outsourcing services including data entry and medical claims processing to the agile small to midsize companies, delivered within the parameters of time, budget, and accuracy that its clients look for. BPO projects are on the rise, and MedValue has established itself as the leader in this field.
“Being honored on the Inc. 500 is a huge accomplishment for us and reflects our commitment to delivering the best solutions possible to our customers,” said Raj Vaswani, President and CEO, MedValue. “Data entry services and other Business Process Outsourcing services for midsize companies are rapidly moving from the realm of nice-to-have capabilities to becoming a competitive must-have service. This change, combined with our extensive experience and dedication to excellence, has made us the BPO firm of choice for companies in a variety of industries.”
The 2008 Inc. 500, as revealed in the September issue of Inc. magazine (on newsstands August 26 - September 30), reported aggregate revenue of $13.7 billion and median three-year growth of 1,046%. Total sales for Inc. 500 companies were 14 percent below last year's combined revenue of $16 billion; still, it was a stellar year for many companies. Not only did sales for this year's top 50 growers outstrip those of last year's top 50 by $541 million, but this year's fastest 50 also boasted a staggering 47 percent jump in average three-year growth from last year's top of the class. Additionally, the 2008 Inc. 500 companies were engines of job growth, having created more than 51,414 jobs since those companies were founded.
Complete information on this year's Inc. 500, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region, can be found at http://www.inc5000.com.
Hottest Industries for Fastest-Growing Businesses
The largest business category is IT Services, with 67 Inc. 500 companies. Business Services (59 companies), Advertising & Marketing, and Government Services (35 companies each), and Software (28 companies) round out the top five industries ranked on the 2008 Inc. 500.
Industries reporting the highest total revenue from 2004 to 2007 are Computers & Electronics ($2.1 billion), Energy ($1.3 billion), Government Services ($1.2 billion), IT Services ($974.2 million), and Real Estate ($909.3 million).
The 2008 Inc. 500/5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, 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.
Companies can apply for next year's Inc. 500/5000 by registering with "IncBizNet, Business Network for Private Companies," at http://www.incbiznet.com.
4,500 Reasons to Quash Your Recession Fears
Last year Inc. Magazine celebrated the 26th anniversary of the Inc. 500 by expanding the list tenfold, creating the first-ever Inc. 5000. Complete results of the Inc. 5000 can be found at http://www.inc5000.com, where readers can scan profiles of honorees, view lists of the fastest-growing companies by industry and region, and sort the data according to personalized parameters.
About Inc. magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC., Inc. magazine (http://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 724,110, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
MedValue provides Business Process Outsourcing services and solutions based on creative leverage of technology, people, and processes for small to midsize enterprises and public sector organizations. The company provides optimized data entry and medical claims processing solutions among other services and creates value for customers that increase Revenue or decrease costs and improve customer satisfaction by solving critical business problems. The MedValue team, one of the largest collections BPO experts in the world, has completed hundreds of successful implementations for highly satisfied enterprise customers across industries and Regions. Featured on Inc. Magazine's 500 Fastest Growing Companies in 2008, MedValue was founded in 2003 and serves customers across the United States from offices in Oak Brook, IL and cost-effective and secure Delivery & Operations centers in India. For further information please visit us at MedValueBPO.com or email us at info@MedValueBPO.com
For more information on data entry, medical claims processing and other Business Process Outsourcing services, visit http://www.MedValueBPO.com .
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