Cleveland, OH (PRWEB) June 04, 2013
Explorys, the leader in big data-driven healthcare transformation, today announced it had been selected as a finalist for the Red Herring Top 100 North America award, a prestigious award honoring the year’s most promising private technology ventures from the North American business region.
Finalist selections for the 2013 Red Herring 100 North America award were based on technological innovation, management strength, market size, investor record, customer acquisition and financial health. Red Herring also completed a thorough review of each company’s actual track record and standing, allowing Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry. During the months leading up to the announcement, hundreds of companies in the fields of security, Web 2.0, software, hardware, life sciences, cloud, mobile, and others completed submissions to qualify for the award.
“We are honored to be recognized by a prestigious organization like Red Herring for what really is our singular mission—creating innovative technology and applications that enable the transformation of the healthcare industry,” said Stephen McHale, CEO of Explorys. “Explorys has seen tremendous growth over the past twelve months as more and more provider organizations leverage the potential of our cloud-based big data platform and national Network, and being recognized as a finalist for this award is yet another testament to the both the clinical and economic value of the work we are doing.”
"The finalists list confirms the excellent choices made by entrepreneurs and VCs and the start-ups' solid roots in corporate America, embracing their innovations. By all metrics, it emphasizes the United States’ entrepreneurial excellence," said Alex Vieux, publisher and CEO of Red Herring.
As a finalist, Explorys presented its winning business strategies and recent successes at the Red Herring North America Forum in Monterey, California, from May 21 to 23, 2013.
Red Herring has been selecting the most exciting and promising start-ups and "scale ups" since 1995. Finalists are still evaluated individually from a large pool of hundreds of candidates across North America. Twenty major criteria underlie the scoring and process. They include, among others: the candidate company's addressable market size, its IP and patents, its financing, the proof of concept, trailing revenues, and management's expertise. Each company goes through an individual interview after filling out a thorough submission, complemented by a due diligence. The list of finalists includes the best performing and prominent companies of that year.
Founded in 2009 as an innovation spinoff from Cleveland Clinic, Explorys provides the healthcare industry’s first secure, cloud-based Enterprise Performance Management (EPM) platform that leverages BIG DATA to transform healthcare. While applying the power of massively-parallel data processing, its comprehensive network enables the nation’s leading provider organizations to more effectively leverage their data to drive value-based care and Population Health Management results utilizing both business and clinical intelligence, and meaningful performance evaluation. The Explorys network is made up of over 100 billion data elements encompassing 40 million patients, 200 hospitals, and 14 major integrated healthcare systems with over 100,000 providers who collectively deliver $46 billion of care annually. Deploying solutions comprised of expert resources and exceptional tools, Explorys unlocks the power of BIG DATA to improve healthcare for everyone. http://www.explorys.com