HOUSTON, Aug. 12 Access MediQuip, LLC, the nation's first and largest provider of outsourced implantable medical device management solutions to the healthcare industry, announced today that it has been named one of the country's fastest-growing private companies in 2009. The company is featured on the Inc. 5000, the annual ranking of America's fastest-growing private companies released today by Inc. magazine.
The Inc. 5000 ranks Access MediQuip as the 1,611th fastest-growing private company in America. The recognition follows Access MediQuip's tenth quarter of double-digit revenue growth. Over the past two years, the company has doubled its sales and achieved annual revenue growth of more than 40 percent since it partnered with Water Street Healthcare Partners, a leading private equity firm focused exclusively on healthcare.
"Being named to the Inc. 5000 list is a reflection of the extraordinary efforts, broad market reach and deep industry knowledge of the Access MediQuip team. It's also evidence that the nation's leading health plans, providers and device manufacturers are focused on managing the cost and quality of implantable medical device procedures," said Access MediQuip Chief Executive Officer Tim Hargarten.
"The pace of new implant technologies being developed and their increased use among consumers is creating a dramatic increase in the amount of money being spent on implantable medical devices. Access MediQuip is proud to be making a positive impact on the cost and quality of this medical technology, and honored to be helping our customers with making a difference in the lives of patients across the country."
Access MediQuip was founded in 1997 to bring clarity and efficiency to the procurement, reimbursement and management of high-cost implantable medical devices such as orthopedic and spinal implants. Since that time, Access MediQuip has become the nation's leading provider of implantable medical device management solutions. The company has expanded its services to more than 2,500 healthcare payors and providers, and 175 device manufacturers to help manage implantable medical devices used for thousands of procedures. Access MediQuip has also developed the industry's largest database of claims information for implantable medical devices to provide payors, manufacturers and providers with the most comprehensive data available on U.S. implantable medical device costs and utilization rates.
The 2009 Inc. 5000 serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria can be found on Inc.com.
About Access MediQuip
Access MediQuip is the nation's first and largest provider of outsourced implantable medical device management solutions. The company works with thousands of payors, manufacturers and providers to manage the acquisition, financing, delivery and reimbursement of implantable medical devices such as orthopedic and spinal implants. For more information, please visit www.accessmediquip.com.
SOURCE Access MediQuip, LLC