CHICAGO, Feb. 6 /PRNewswire/ -- Rising Medical Solutions, Inc. (Rising), a leading medical cost containment organization, received honors on the Private Company Index (PCI) "Top Growth Company" list for its fourth quarter performance in 2007.
The PCI, published by Entrex, Inc. (http://www.entrex.net), is a proprietary benchmarking tool that measures revenue growth and activity in the $1-100 million private company sector. Recognized by investment professionals as an authoritative source on private company performance, the PCI allows for objective business activity measurement, historical analysis, comparison, and predictive forecasting.
Each quarter PCI analysts review sales data for its portfolio companies and identify those that represent the greatest quarter-on-quarter growth (current quarter versus the same quarter in the previous year). The six honorees for Q4 2007 experienced an overall average revenue growth of 56.9% over their Q4 2006 performance. Coming in fifth on the list, Rising increased its quarter-on-quarter revenue by 42.9%.
Says Entrex CEO, Stephen H. Watkins, "The Private Company Index closed the year at a high point, despite a myriad of economic indicators and market suspicions pointing towards a recession. This is a refreshing bit of news considering the warnings for many sectors that we hear coming from Wall Street." He continues, "A mature company can plan for cyclical revenue fluctuations without negative effect to the annual bottom line."
Rising CEO Jason Beans comments, "Rising is experiencing tremendous growth which is a reflection of our value proposition to the market and our emphasis on exceptional customer service. Having recently been included in the PCI portfolio, it is a great achievement to be honored with such a diverse and impressive group of companies and we are thrilled to learn that Rising is performing well among our private sector peers."
About Rising Medical Solutions, Inc.
Headquartered in Chicago, Illinois, Rising (http://www.risingms.com) is a leading medical-financial solutions organization that services the auto, workers' compensation and liability markets. Through its comprehensive medical cost containment and care management programs, Rising provides compelling business outcomes to clients nationwide, including insurance carriers, self-insured employers, government organizations, third party administrators, and attorneys.
For more information, contact Rachel Racz at firstname.lastname@example.org / 877-747-4644, x5893.
|SOURCE Rising Medical Solutions, Inc.|
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