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.
SALT LAKE CITY (Business Wire EON) August 22, 2008 -- 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
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