AdvancedMD Named to Inc. 5000 List for Third Consecutive Year
SALT LAKE CITY, Oct. 22 -- AdvancedMD® Software, Inc., a leader in web-based practice management, billing and EMR applications for medical practices and medical billing services, today announced that for the third consecutive year the company has been named to the prestigious Inc. 5000 list of America's fastest growing, privately-held companies. Of the 5,000 honorees, AdvancedMD was ranked 1,047 with a three-year growth rate of 295 percent. For the second year in a row, the company was named among the Top 100 Software Companies, in 66th position.
AdvancedMD has consistently demonstrated a leadership role in pioneering the software-as-a-service (SaaS) delivery of practice management solutions that are easier to use and more profitable for medical practices and billing companies of all sizes.
For medical practices looking to outsource their billing, AdvancedMD works with a national network of technology-advanced billing service providers, who have combined advanced technology with their billing expertise, customer service and regional locations. Billing services equipped with AdvancedMD software are able to offer a new level of operational efficiency to physicians experiencing high claim rejection rates due to outdated client-server/onsite- based billing software.
As of September, 2009, AdvancedMD had more than 13,000 providers on its web-based system, representing 85 specialties and had processed 1.45 million claims through the company's clearinghouse that month. Currently, the company partners with more than 270 billing services. AdvancedMD's success signals a continued market retreat from premises-based billing software, which can be difficult to maintain and costly to update. Additionally, AdvancedMD, as a shared hosted system, can quickly identify the latest changes to insurance payer reimbursement rules and codes, then make technical adjustments to its scrubbing system available to all customers in a timeframe that cannot be matched by onsite, client/server software systems.
"Our company's momentum has been powered over the past several years by our employees – some of the most talented, dedicated individuals in the industry – providing world-class products, service and support to a growing body of highly satisfied customers," said Eric Morgan, president and CEO of AdvancedMD. "That, combined with leading-edge, web-based technology has helped place our company among the elite private growth companies in the nation – an accomplishment we are extremely proud of. We appreciate Inc. magazine's formal recognition of our effort and success."
AdvancedMD has received many other prestigious industry awards over the past several years, including a Codie for best medical software product and The Best in KLAS award for overall performance relative to its competitors.
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About AdvancedMD Software
AdvancedMD® Software, Inc. is the leader in software-as-service (SaaS) applications for medical practices and medical billing companies. The company's Web-based platform offers a complete solution for billing, scheduling, EMR and practice management, resulting in immediate ROI. Real-time electronic eligibility verification, automated claim scrubbing prior to submittal and rejection recovery features combined with integrated clearinghouse functions improve successful claims to more than 95% on the first pass. A single web-based login eliminates the hassle of logging in and out of remote office databases to manage multi-provider, practice master files. Central billing office capabilities enable unified management of clients for billing services as well as easy access for remote workers and distributed offices. EMR and ePrescribing are fully integrated with the practice management system eliminating the need to manually update patient demographics. The subscription-based service includes technical support, enterprise-class data center security and HIPAA-compliant accessibility. Serving more than 13,000 providers in every state and specialty, AdvancedMD is playing a significant role in helping physicians maximize reimbursement and workflow efficiencies, enabling the practice to devote more time to patient care. For more information, call 1(800)825-0224, or visit www.advancedmd.com.