Bellevue, WA (PRWEB) September 25, 2012
Edifecs Inc., a recognized leader in healthcare information management, was ranked 5th in Modern Healthcare Magazine’s inaugural Healthcare’s Hottest award. This recognizes the 40 fastest-growing healthcare companies nationwide as measured by revenue growth for the past six years in the following sectors: hospitals/hospital systems, physician group practices, payers/insurers, and suppliers.
“A recent report from the Institute of Medicine cited more than $190 billion in healthcare waste due to administrative costs and inefficient processes—an amount that is unacceptably high,” said Sunny Singh, CEO of Edifecs. “The growth of our business has been fueled by helping our customers, and the industry, modernize information management and simplify administrative processes. Being named to the Healthcare’s Hottest list is an honor, and we are proud to be contributing to the innovations that will strengthen our healthcare system.”
More than 250 healthcare organizations have turned to Edifecs’ solutions to streamline information exchange and modernize transaction processing systems used to help simplify key administrative functions. Edifecs has been a critical player in helping the healthcare industry to both embrace evolving interoperability standards and standardize well-recognized processes for ensuring ongoing adherence, compliance and awareness.
“Being named to Modern Healthcare’s list of the Healthcare’s Hottest for 2012 demonstrates Edifecs’ ability to increase their financial health, despite the economic downturn and tepid recovery,” said Fawn Lopez, Vice President and Publisher of Modern Healthcare.
In addition, Edifecs has been named an honoree for several other industry and regional awards this year for its dramatic growth:
- Healthcare Informatics’ 2012 list of the top 100 healthcare IT vendors nationwide recognized Edifecs based on its 2011 revenue from healthcare IT products and services. (June 2012)
- Inc. Magazine ranked Edifecs in its annual Inc. 500|500 list, highlighting the fastest growing companies nationwide. (August 2012)
- Puget Sound Business Journal’s 50 Eastside Fastest-Growing Private Companies, which ranked Edifecs 4th due to revenue growth between 2009 and 2011. (July 2012)
- Puget Sound Business Journal’s Top 100 Private Companies ranked Edifecs 98th in the list of the region’s largest companies, based on revenue in 2011. (June 2012)
About Edifecs, Inc.
An industry leader since 1996, Edifecs provides healthcare software solutions that improve operational performance by streamlining the exchange of information among health plans, hospitals, and other healthcare organizations, while enabling compliance with current mandates such as HIPAA 5010, ICD-10 and Operating Rules.
Today, more than 250 healthcare customers use Edifecs technology to unify transactions from any information channel source and input mechanism, while automating manual business processes such as enrollment, claims and payments management.
Edifecs is currently recognized as one of the 100 Fastest Growing Private Companies in the state of Washington, 100 Best Places to Work in the state of Washington, an Inc. 5000 fastest-growing private company and one of the 500 Fastest Growing Companies in North America by Deloitte. Edifecs is headquartered in Bellevue, WA. For more information, please visit http://www.edifecs.com.