CHICAGO, Aug. 20 Rising Medical Solutions, Inc. (Rising), a leading medical-financial solutions organization, has secured its place on the esteemed Inc. magazine's annual ranking of the nation's fastest-growing private enterprises. For the second year in a row, Rising's position on the Inc. 5000 puts the Company in an elite group responsible for creating more than 1 million jobs since their founding and generating $214 billion in revenue last year.
"Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate," says Inc. 5000 project manager Jim Melloan. "That's why our list is so eagerly anticipated every year."
For its inclusion on the 2009 listing, Rising reported an impressive 200.6% revenue growth during the three-year period from 2005 - 2008. Among Chicago-based companies, Rising is one of 80 ranked on the list and it is one of 50 companies classified in the insurance-related industry.
The 2009 Inc. 5000 is its biggest yet by a number of measures and is perhaps the best example of the significant accomplishments and impact private companies can have on the nation. Serving as a unique report card on the U.S. economy, the listing reported that aggregate revenue among the honored companies actually increased by 16% from last year, despite the ongoing recession.
"This past year has seen Rising's team increase our value proposition by creating expanded product offerings, developing proprietary technology applications, and rounding out our three year client retention rate to 99%," says Rising CEO, Jason Beans. "As a result, we've moved up the Inc. 5000 list significantly since last year which is a testament to our employees and to the true partner relationships we develop with clients."
About Rising Medical Solutions, Inc.
Headquartered in Chicago, Illinois, Rising (www.risingms.com) is a leading medical-financial solutions organization that services the auto, workers' compensation, liability, and group health markets. Through its comprehensive medical cost containment, care management, and financial management programs, Rising provides compelling business outcomes to clients nationwide, including insurance carriers, self-insured employers, government organizations, third party administrators, and attorneys.
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SOURCE Rising Medical Solutions, Inc.