Industry Leader for Care Coordination Honored Again for Exceptional Year-over-Year Growth
Updox, the industry leader for care coordination and healthcare customer relationship management (CRM) solutions, was recognized again in 2016 at no. 571 on the 35th Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small businesses. Updox was recognized for 686% growth, placing it again in the top 10% of fastest growing companies in America.
The 2016 Inc. 5000, unveiled online at Inc.com, is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year growth of 433%. The Inc. 5000’s aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8% of all jobs created in the entire economy during that period. 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 at www.inc.com/inc5000.
“It’s such an honor to be recognized for the second year in a row by Inc. magazine,” said Michael Morgan, chief executive officer, Updox. “This year, our success was fueled by adding more healthcare groups to our growing care coordination network, including physicians as well as other groups involved in the care process, such as pharmacists."
With healthcare’s move to value-based care, there is a need to connect the full healthcare supply chain, including hospitals, outpatient providers, long-term care and pharmacies. Those connections must go beyond simply the ability to share a clinical file. True coordination requires a real infrastructure that supports collaboration and all types of communications. Newer value-based programs, such as chronic care management or transitions of care, share a common theme where each member of the supply chain needs a way to get information about the patient, the ability to manage the care team and their communications preferences, tools to set tasks and establish milestones and then automation to keep everyone updated. Building that care coordination infrastructure is what drives Updox to ensure all areas of healthcare are prepared as the industry evolves.
“Many technology companies call themselves care coordination but they only focus on solving one care program while most organizations will be managing a number of programs for value-based care. Healthcare providers don’t have time to switch between multiple technologies,” continued Morgan. “Updox doesn’t focus on just one program in isolation. We’re unique because our care coordination inbox lays the foundation to manage all types of communications and programs to support our customers as the industry transitions to value-based care.”
Where Healthcare Connects! Updox is the industry leading healthcare care coordination solution. Named #571 on the Inc.5000 list of America's fastest-growing private companies, Updox is integrated with approximately 70 electronic health records (EHR) and serves more than 250,000 users and 46 million patients.
Through an extensive Direct messaging network and platform of apps, Updox connects various healthcare providers, including physicians, patients, payers, pharmacies, labs and healthcare partners. Once part of the Updox, users or partners can access a full suite of applications including secure messaging, patient portal, appointment scheduling & reminders, credit card payments, and health alerts, all with the goal of driving improved outcomes through more efficient communications and better care coordination.
The Updox Direct Secure messaging and patient portal have both achieved 2014 Edition 2 ONC-HIT Modular Certification from Drummond Group, LLC. Additionally, Updox achieved full accreditation with the Direct Trusted Agent Accreditation Program (DTAAP) as a Health Information Service Provider/Registration Authority/Certificate Authority (HISP/RA/CA) from DirectTrust.org and the Electronic Healthcare Network Accreditation Commission (EHNAC).
More about Inc. and the Inc. 500|5000
The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 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/inc5000.
About Inc. Media:
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 15,000,000 today. For more information, visit www.inc.com.
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