SOURCE: Interbit Data
Healthcare IT Solutions Provider Increases Three-Year Sales Growth to Over 142%, Achieving No. 1902 on the 2010 Inc. 5000
NATICK, MA–(Marketwire – August 31, 2010) – Interbit Data, a leading provider of software and services for improving healthcare efficiency, today announced it has been named to Inc. Magazine‘s exclusive list of the 5,000 fastest growing private companies in the United States for the second year in a row. The company ranked No. 1902 as a result of achieving over 142% growth from 2006 to 2009, a significant move up from its ranking of No. 2909 on the 2009 Inc. 5000 list. This growth places Interbit Data at No. 152 in the health industry ranking and No. 64 among Boston, MA area companies.
“Our continued growth during this economy is not only proof of our staying power, it is confirmation of the significant value our software delivers in terms of time and cost savings,” said Arthur Young, president of Interbit Data. “We are dedicated to helping healthcare providers improve the level of care by addressing their challenges with streamlining operations, distributing patient data and reports, and ensuring access to critical patient records during system downtimes.”
Since 1997, Interbit Data has sold its software solutions for improving operational efficiency to over 650 healthcare providers and organizations in the U.S., Canada and U.K. The company offers three types of solutions that contribute to increased productivity, reduced costs, and, ultimately, better and more consistent patient care:
- Information distribution — automates the secure transfer of information over the Internet in multiple formats (print, fax, email or file), easily integrating it into physician practices’ electronic medical records (EMRs) using the industry standard HL7 format.
- Business continuance — ensures up-to-date patient data is readily available in the event of a network or system outage.
- Scheduling and workforce automation — automates manual scheduling, enabling organizations to easily implement a complex schedule and efficiently manage staff.
The 2010 Inc. 5000 serves as a unique illustration of the profound changes taking place in the U.S. economy. Despite the fact that most of this year’s measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year’s 126 percent.
This year’s Inc. 5000 employ a record 1.4 million people, up from one million on last year’s list. The Health sector is the top employer with 287,726 jobs, followed by Business Products & Services (230,066), Food & Beverage (108,344), Human Resources (107,924), and Retail (96,858).
The top five industries by total revenue are Business Products & Services ($84.7 billion), Health ($48.3 billion), Consumer Products & Services ($26.4 billion), Retail ($22.3 billion), and Government Services ($15.1 billion).
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 www.inc.com/5000.
Inc. 5000 Methodology
The 2010 Inc. 5000 is ranked according to percentage revenue growth when comparing 2006 to 2009. To qualify, companies must have been founded and generating revenue by June 30, 2006. Additionally, they had to be based in the United States, privately held, for profit, and independent — not subsidiaries or divisions of other companies — as of December 31, 2009. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2006 is $80,000; the minimum for 2009 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. The top 10 percent of companies on the list constitute the Inc. 500, now in its 29th year.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (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 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.
About Interbit Data
For more information about Interbit Data and its NetSolutions healthcare IT products, visit the company Website at www.interbitdata.com.
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