DALLAS, Sept. 2 /PRNewswire/ -- RemitDATA Inc., the industry expert in reimbursement and utilization data and analysis solutions in the outpatient healthcare market, today announced it was recognized in Inc. magazine's fourth annual Inc. 5000 list, an exclusive ranking of the nation's fastest-growing private companies.
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RemitDATA achieved an overall ranking of No. 1725 and a healthcare industry ranking of No. 134. Also ranked in 2009, RemitDATA's higher 2010 ranking is a result of its three-year sales growth of 161 percent. The Inc. 5000 ranking measures revenue growth between a three-year span – 2006 through 2009. RemitDATA generated $2.4 million in annual revenue in 2006. By 2009, the company's annual revenue climbed to $6.2 million.
"We're thrilled that RemitDATA has been named as one of the fastest-growing private companies by Inc. magazine for the second year in a row," said Dave Ellett, chief executive officer of RemitDATA. "We continue to experience significant growth as we add more innovative solutions to our product line and stay focused on the needs of our customers and partners in the ever-changing healthcare industry."
RemitDATA is the leader in real-time, SaaS-based reimbursement and utilization solutions, providing transparent data, actionable insights, comparative analysis and digital document management to the outpatient healthcare provider market through channel partners.
Founded in 2000, RemitDATA started as a single idea created by Bently Goodwin, CPA. Goodwin envisioned success from creating a company that could help outpatient healthcare providers improve financial performance through increased reimbursements, improved business practices and operational efficiencies.
About RemitDATA
Founded in 2000, RemitDATA Inc. helps more than 75,000 healthcare providers improve revenue and cash collections by identifying and correcting performance issues in the post-adjudication stage of the revenue cycle. The company provides a range of system-agnostic solutions with patented, proprietary technology offered in Software as a Service (SaaS) form for immediate value-add implementation, resulting in a faster return on investment. The end result is more enlightened providers with better educated practice management teams, improved employee productivity and increased profitability. Based in Memphis, Tennessee, and Dallas, Texas, the company has enjoyed a more than 90 percent client renewal rate since its inception. For more information, please visit www.RemitDATA.com.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
SOURCE RemitDATA Inc.
For further information: Lauren Griffin, +1-972-499-6621, lauren.griffin@hck2.com, or Erin Groover, +1-972-499-6641, erin.groover@hck2.com, both for RemitDATA Inc.
