'Homegrown companies like hc1.com continue to spur innovation, pushing Indiana’s economy forward by contributing to the growing investment and job creation in our state,' said Governor Mike Pence.
Indianapolis, IN (PRWEB) May 02, 2014
hc1.com®, Inc., the Healthcare Relationship Cloud™ company, will further expand its headquarters in Indianapolis, creating up to 175 new jobs by 2019.
Gartner estimates that vertical specific software spend in the healthcare and other major vertical markets is approximately a $60B opportunity on its own, and that spend on vertical specific software accounts for roughly 29% of the total software market, or roughly $110B.
To meet this growing need, the company will invest $2.5 million to lease and renovate an additional 9,466 square feet, expanding its 16,626 square-foot headquarters facility at the Northwest Technology Park in Boone County by the end of the year. This is hc1.com’s third major expansion in Central Indiana in the last three years.
“hc1.com is expanding rapidly as we work with healthcare organizations to transform the healthcare experience for people across North America and around the globe,” said Brad Bostic, Chairman and Chief Executive Officer of hc1.com. “As we expand, the support provided by the state of Indiana and Boone County has been instrumental in our decision to locate our headquarters and growing team here in Indiana.”
Along with the growth of its team, hc1.com has also experienced a surge in subscription revenue averaging more than 100 percent over the past two years. Under Bostic’s leadership, the company has become the global leader in healthcare relationship management technology, securing a high-profile partnership with technology giant Beckman Coulter Diagnostics, a global leader in lab diagnostic products. hc1.com has been recognized with numerous awards, including the 2013 Indiana Companies to Watch Spotlight award, 2013 Mira award for health IT excellence & innovation, and the Red Herring Global 100 award in which it was the only healthcare IT company to win.
“Homegrown companies like hc1.com continue to spur innovation, pushing Indiana’s economy forward by contributing to the growing investment and job creation in our state,” said Governor Mike Pence. “With our world-class universities, business-friendly tax policies and highly-skilled workforce, technology companies from around the state and across the country are deciding that Indiana is the best place to grow and succeed.”
In support of hc1.com’s initiatives, the Indiana Economic Development Corporation has offered up to $2,985,000 in conditional tax credits and up to $100,000 in training grants based on the company’s job creation plans.
“The fact that hc1.com is growing again, adding 175 new, high-paying jobs in Zionsville, is a testament to the continued success of the company," said Jeff Papa, Zionsville town council president. "hc1.com is relentless in its quest to be at the forefront of the industry, and we’re proud hc1.com calls Zionsville its home.”
The company is also nominated for awards in the Health Tech and Emerging Tech Company of the Year categories at this year’s TechPoint Mira Awards.
The hc1.com® Healthcare Relationship Cloud™ creates an amazing healthcare experience for providers and patients by optimizing the way laboratories, radiology groups and health systems manage their provider and patient experience across the continuum of care. A winner of the 2013 Red Herring Top 100 Global Award, hc1.com is in use across 500 healthcare locations globally. Learn more at hc1.com.