AdvantEdge Healthcare Solutions (“AdvantEdge”) announced today that it has ranked on the Inc. 500|5000 list for the fifth consecutive year. This year, AdvantEdge ranked #2186, and was also named a top company in New Jersey, coming in at #65 for the regional list. This achievement lands AdvantEdge on the Inc. 5000 Honor Roll for companies ranked at least five times.
The Inc. 500|5000 represents a comprehensive look at the nation’s fastest-growing private companies. This year’s list was determined by ranking percentage revenue growth, comparing 2009 to 2012. During that period, Advantage grew revenue by 169 percent, 27 percent higher than the median growth rate of 2013 Inc. 500|5000 companies. Additionally, the company added 450 jobs during this three-year period to support its continued growth and success.
“AdvantEdge first ranked on the list five years ago when the healthcare industry was relatively stable,” said David Langsam, President and CEO of AdvantEdge. “Now, as medical billing and coding adapts to the Affordable Care Act, we continue to expand and refine our ability to offer medical practices and hospitals improved financial performance and deep insight into their business operations. This achievement confirms that our hard work is paying off.”
AdvantEdge offers business management solutions including medical billing, practice management, and coding services for specialty physicians, hospitals, and surgery centers. AdvantEdge continues to gain meaningful growth through organic growth and strategic acquisitions, having completed eight M&A transactions since 2007.AdvantEdge joins LivingSocial, Edible Arrangements, CDW, and Lifelock, among other prominent brands featured on this year’s list. 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. About AdvantEdge Healthcare Solutions AdvantEdge is a technology-enabled provider of healthcare business management solutions and business intelligence tools that substantially improve decision making, maximize financial performance, streamline operations and eliminate compliance risks for healthcare providers. AdvantEdge continues to gain meaningful scale through organic growth and strategic acquisitions, having completed eight since 2007. AdvantEdge is recognized as one of the top 10 billing, coding, and practice management companies in the U.S.; has more than 675 employees in eight regional offices in the U.S. and one office in Bangalore, India; and collects over $1 billion annually for its physician and hospital clients using its own proven technology. AdvantEdge clients include hospital-based physicians, hospitals, ambulatory surgery centers, and large office-based groups. AdvantEdge is backed by major investors including Safeguard Scientifics (NYSE:SFE) and Founders Equity. For more information about AdvantEdge, please visit our website at www.ahsrcm.com, “like” us on Facebook, or follow us on Twitter at @DoctorBilling. Methodology The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 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 www.inc.com/inc5000/. About Inc. 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. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.