We are excited and honored to be included on Inc. magazine's list of the fastest growing companies in the country. Our success is a direct result of the people we hire, strong management and sound strategic business practices
Omaha, NE (PRWEB) September 4, 2007
Traveling healthcare staffing company Medical Solutions, Inc. is proud to announce its inclusion in Inc. magazine's first-ever Inc. 5,000 list of the fastest-growing private companies in the country. As the fifth fastest growing company in Nebraska, Medical Solutions ranked No. 625 overall and No. 10 out of all the healthcare staffing firms making the list.
The Inc. 5,000 is an extension of Inc. magazine's annual Inc. 500 list and encompasses many businesses that are too big to grow at the pace required to make the Inc. 500.
Medical Solutions specializes in placing nurses and allied health professionals in temporary travel nursing jobs nationwide. Beginning in 1997, Medical Solutions has become one of the fastest growing companies in the travel nursing industry. Today, 76 internal employees work at Medical Solutions' headquarters in Omaha, NE, a number expected to be over 100 by next year. Medical Solutions currently provides travelers to more than 700 client hospitals in 48 states including Alaska and Hawaii.
In addition to being one of the first travel nursing companies to be JCAHO certified, Medical Solutions also developed several innovative strategies that fueled their growth. Flexible pay and billing structures allow nurses and allied health professionals to personalize their compensation packages. Medical Solutions also broke the industry standard by providing travelers with a dedicated Recruiter for their entire Medical Solutions career. Conversely, they also became one of the first companies to provide their client hospitals with a dedicated Client Manager. These innovations, coupled with a clear and early commitment to providing excellent customer service, have led to Medical Solutions' success.
Another factor contributing to Medical Solutions' success is an ever-growing healthcare personnel shortage. Between the nursing shortage, which is expected to reach 1.2 million by 2010, and the allied health shortage, expected to reach somewhere between 1.6 million to 2.5 million by 2020, the United States is facing a serious healthcare crisis. As a travel nursing company Medical Solutions has an important role to play in combating this shortage.
Medical Solutions has seen explosive growth in the last three years. Sound strategies and the increasing nursing shortage have driven their business. During that time, they have experienced a 519% increase in sales from 2003 to 2006 and are projecting sales growth over 600% from 2004 to 2007. The Inc. 5,000 reported median revenue of $9.4 million and median three-year growth of 140%. At a three-year growth rate of 519% and revenue of $19.3 million in 2006, Medical Solutions is well above the median for both measures.
"We are excited and honored to be included on Inc. magazine's list of the fastest growing companies in the country. Our success is a direct result of the people we hire, strong management and sound strategic business practices," said Medical Solutions president and co-owner Scott Anderson.
Medical Solutions has a clear goal of becoming one of the largest traveling healthcare staffing firms in the country. Towards this end, Medical Solutions has made significant investments in technology and internal staff and has begun staffing allied health and international travelers.
About Medical Solutions, Inc.
Medical Solutions, Inc. was one of the first travel nurse and allied healthcare staffing companies to be JCAHO certified. Its focus is on meeting the urgent and short-term staffing needs of its clients with highly skilled allied health professionals, nurses and technologists. A nationwide network of travelers allows Medical Solutions to help its client hospitals continue to provide excellent patient care amidst a nationwide nursing shortage. Medical Solutions provides travelers to more than 700 client hospitals in over 48 states and is one of the fastest growing companies in the travel nursing industry. Visit MedicalSolutions.com to learn more.
Complete information on this year's Inc. 5,000, can be found at Inc.com. The list features a profile for each company, almost all of them written as a result of Inc. interviews with management. In addition, the list is searchable according to numerous criteria, including industry, city, state, region, and year founded.
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