WorldDoc Ranks No. 103 on the 2007 Inc. 500
LAS VEGAS, Sept. 7 /PRNewswire/ -- Inc. magazine today ranked WorldDoc, Inc. No. 103 on its 26th annual Inc. 500 list of the fastest-growing private companies in the U.S. The Las Vegas based company, that ranks #1 in Nevada in that same category, achieved a record three year sales growth of 1,526.6% resulting in their debut appearance on the list.
"If you want to find out which companies are going to change the world, look at the Inc. 500," said Inc. Editor Jane Berentson. "These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition."
"It's gratifying to all of us at WorldDoc, to know that our efforts have resulted in improved health for our members and reduced health care costs for our clients. Our growth is a direct reflection on the quality and commitment of our team," said Rahul Singal, MD, President and CEO of WorldDoc, Inc. "WorldDoc would like to thank all our clients who have believed in our vision of reshaping healthcare through member engagement and use of technology."
Equipped with interactive consumer health tools, WorldDoc's care management system utilizes data integration to influence positive behavior change, promote self-care and decrease members' healthcare costs. WorldDoc's clients include regional health plans, third party administrations and self-insured employer groups. WorldDoc clients have experienced improved health especially for members with diabetes and heart disease as well as decreased hospital admissions and lower pharmacy costs.
"I congratulate WorldDoc on this great recognition," said United States Senator Harry Reid (D-NV). "The company is a prime example of the innovative businesses that are thriving in Nevada's strong business climate," Reid continued.
The 2007 Inc. 500, as revealed in the September issue of Inc. magazine (on newsstands August 28 -- October 2), reported aggregate revenue of $16 billion and median three-year growth of 939 percent. Most important, the 2007 Inc. 500 companies were engines of job growth, having created more than 64,064 jobs since those companies were founded.
Complete information on this year's Inc. 500, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at http://www.inc.com/inc5000.
Hottest Industries for Fastest-Growing Businesses
The most notable median growth categories among Inc. magazine's list of the 500 fastest-growing businesses is in the Environmental Services category (which grew by 1,425.4 percent on average), followed by Food & Beverage (which grew by 1336.8 percent on average), Media (which grew by 1,179 percent on average), Health (which grew by 1,105.5 percent on average), and Telecommunications (which grew by 1,056.5 percent on average).
Industries reporting the highest total revenue from 2003 -- 2006 are Health ($3.2 billion), Real Estate ($2.1 billion), Advertising & Marketing ($1.14 billion), Human Resources ($883 million), and Retail ($873.6 million).
The 2007 Inc. 500 list measures revenue growth from 2003 through 2006. To qualify, companies had to be U.S.-based and privately held, independent -- not subsidiaries or divisions of other companies -- as of December 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006.
Companies can apply for next year's Inc. 500 and Inc. 5,000 by registering with IncBizNet, the new social network for private companies that will launch this fall on Inc.com.
About WorldDoc, Inc.
WorldDoc, Inc. provides an advanced Care Management System for Payers, Purchasers, and Providers of healthcare, improving health and reducing costs. Employing a fully hosted model, WorldDoc offers a suite of fully integrated products. WorldDoc's products support each other with data and provide synergy effects by integrating medical, prescription and personal health data, contributing to effectiveness and cost savings in the areas of demand and disease management, pharmacy cost containment and disease prevention.
About Inc. magazine:
Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC., Inc. magazine (http://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 681,421, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
|SOURCE WorldDoc, Inc.|
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