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YAKIMA, WA--(Marketwired - August 13, 2015) - VitalWare™, the leader in business intelligence for ICD-10 and beyond, today announced that it has been named to the 2015 Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. Ranking number 123 overall, VitalWare is honored for delivering the analytics and technology solutions needed for healthcare providers and partners to realize revenue cycle success during and after the transition to ICD-10.
"It's an incredible honor to be named to the Inc. 500 list," said Kerry Martin, CEO and President, VitalWare. "For almost five years, VitalWare has experienced substantial growth which wouldn't have happened without our dedicated staff and partners. The honor of ranking #123 overall, and ranking #10 in the Health industry, is recognition of the need that healthcare organizations have for innovative technology solutions."
Despite multiple delays in the implementation of ICD-10, the Company has achieved positive revenue growth quarter over quarter since 2010; growing staff, attracting new clients and investing in development to meet industry demands for next-generation ICD-10 and revenue cycle technology solutions. Between 2011 and 2014, VitalWare grew by 2,938%, increasing revenues to $3.6M.
"VitalWare's mission is to empower providers and partners to realize revenue cycle success by delivering innovative documentation, coding, billing and auditing solutions with an unwavering commitment to service and support," added Mr. Martin. "VitalWare's tremendous growth and success in such a short period of time can be attributed to staying true to this mission and to our clients."
About Inc. and Inc. 500|5000
The 2015 Inc. 5000 is ranked according to percentage revenue growth when comparing 2011 to 2014. To qualify, companies must have been founded and generating revenue by March 31, 2011. They had to be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2014. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2011 is $100,000; the minimum for 2014 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/5000.
2013 Inc. 500|5000 winners will be honored at the 34th Annual Inc. 500|5000 Conference and Awards Ceremony on October 21-23 in Orlando, FL. For more information on Inc. and Inc. 5000 Conference, visit http://www.inc.com
With an unwavering commitment to service and support, VitalWare empowers providers and partners to realize revenue cycle success through innovative documentation, coding, billing and auditing solutions. Headquartered in Washington State, VitalWare was established to help organizations with the overwhelming task of navigating the many regulatory changes taking place in today's healthcare environment. For more information visit www.vitalware.com, email firstname.lastname@example.org, or call 855.464.2310.
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