Modernizing Medicine Ranked Number 57 Fastest Growing Company in North America on Deloitte’s 2015 Technology Fast 500™
Attributes 1,494 Percent Revenue Growth to Specialty-Specific, Physician-driven EMR System Designed to Increase Efficiency and Improve Outcomes During Healthcare’s Data-Driven Revolution
Modernizing Medicine today announced it ranked No. 57 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Modernizing Medicine grew 1,494 percent during this period.
Modernizing Medicine’s chief executive officer, Daniel Cane, credits the substantial demand for specialty-specific healthcare technologies with the company’s large revenue growth. Cane said, “It is an incredible honor to be named to Deloitte’s 2015 Technology Fast 500 list. Modernizing Medicine’s accelerated growth serves as a testament to the increased need for specialized technology services in the healthcare sector. We believe the confluence of cloud, mobile and data holds substantial value, and it is our mission to provide a best-of-breed solution capable of capturing that data and utilizing it to help doctors make more informed decisions for their patients. I’m extremely proud of my team and what we have achieved.”
“Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology’s continued disruption and proliferation across industries,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year’s Fast 500 and look forward to seeing their continued growth into 2016.”
“Through the efforts and utilization of new and emerging technologies from these companies, we are witnessing greater business demands from across almost all industries,” added Jim Atwell, national managing partner of the emerging company practice, Deloitte & Touche LLP. “We look forward to the opportunity to serve these companies as they strive to grow to the next level – be it towards introducing new solutions or entering new markets – and with it make important and long lasting impressions on the technology market as a whole.”
Overall, 2015 Technology Fast 500™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 to 2014, with an average growth of 850 percent.
About Deloitte’s 2015 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.