AdvancedMD Named to Inc. 5000 List of America’s
Fastest-Growing Companies
Web-based Software Leader Ranked No. 44 in the Top
100 Software Companies
SALT LAKE CITY (Business Wire EON/PRWEB ) August 22, 2008 --
AdvancedMD Software Inc. (www.advancedmd.com),
the leading provider of Web-based
practice management solutions for physician offices, management
services organizations and medical billing services, today announced
that for the second consecutive year they have been named to Inc.
Magazine’s distinguished list of America’s
fastest growing privately held companies. AdvancedMD was ranked
675 on the magazine’s tribute to American
business ingenuity and ambition with a three-year growth rate of more
than 500 percent.
AdvancedMD specializes in providing software used by medical
professionals in three general categories –
solo practices, group practices and third-party billing services. The
system is used nationwide and across all major specialities mirroring
the general distribution of physicians. The company continues to build
on its market position in the growing Web-based Software as a Service
(SaaS) category and has established itself as a preferred solution in
the broader medical practice management category. As of July 2008,
AdvancedMD provides services for more than 8,500 providers, and over 1
million claims transactions a month.
“We are pleased to again be recognized as one
of the fastest growing companies in America,”
said Eric Morgan, president and CEO of AdvancedMD. “Having
achieved the first major milestone as a technology start-up by proving
that we have a viable product and business model, we are proud to now be
recognized as one of the fastest growing companies in the country. This
growth validates that we have been able to build the market leading
product while establishing our profitability and scalability for the
future.”
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007.
To qualify, companies had to be U.S.-based, privately held independent –
not subsidiaries or divisions of other companies. Additionally,
companies must have been founded and generating revenue by 2004 with at
least $200,000 and revenue in 2007 must have been at least $2 million.
“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.”
About AdvancedMD Software
AdvancedMD Software, Inc.,
headquartered in Salt Lake City, Utah, is the leader in Web-based
practice management and medical
billing software. AdvancedMD Software brings to market AdvancedMD, a
full-featured billing and scheduling solution and AdvancedEMR,
a flexible electronic medical records management system. AdvancedMD
solutions include free technical support, world-class security, and
fully HIPAA
compliant accessibility. Winner of the 2007
CODIE AWARD for “Best Healthcare
Management Solution (Vertical)” and the 2007 “Best
in KLAS” award for customer satisfaction,
AdvancedMD maintains a 98% customer retention rate and serves thousands
of providers nationwide. For more information please visit www.advancedmd.com.
See the original story at: http://eon.businesswire.com/releases/advancedmd/software/prweb1239424.htm
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