Brightree Ranked One of the Fastest Growing Companies in North America on Deloitte's 2014 Technology Fast 500™
Attributes revenue growth to delivering technology solutions helping post-acute care providers affordably improve patient care while mastering changing regulatory and compliance requirements
ATLANTA – November 13, 2014 – Brightree®, the leading provider of cloud-based clinical, business management and billing software solutions for the post-acute care industry, today announced it ranked 281 on Deloitte’s Technology Fast 500 ™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Brightree grew 331 percent during the period 2009 through 2013.
Brightree’s president and chief executive officer Dave Cormack credits the Company’s 331 percent revenue growth to the important role post-acute care providers are playing in the transformation of the healthcare industry. “Brightree’s innovative cloud-based technology enables post-acute care providers to become more strategic and efficient so they can focus on delivering quality care, improving patient outcomes, optimizing financial performance, and successfully transitioning from a fee-for-service economic model to one that is based on proven outcomes,” he commented.
“The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “There are so many exciting products and smart thought leaders driving this list. We congratulate the Fast 500 companies and look forward to seeing them continue their momentum into 2015.”
“For 20 years, the Deloitte Fast 500 rankings have honored the innovation that is part of these companies’ DNA,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “We’re glad to be serving these high-growth companies, and helping the technology sector recognize the great strides and transformation these companies are making in their respective areas.”
Brightree previously ranked 223 as a Technology Fast 500™ award winner for 2013.
Overall, 2014 Technology Fast 500™ companies achieved revenue growth ranging from 135 percent to 123,678 percent from 2009 to 2013, with an average growth of 1,640 percent.
About Deloitte’s 2014 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.
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 five years and be headquartered within North America.
Brightree is the leading provider of cloud-based software to improve clinical and business performance in the post-acute care industry. The Company serves more than 3,000 organizations in the home medical equipment (HME), home health, hospice, orthotic and prosthetic (O&P), HME pharmacy, home infusion and rehab home care segments. Brightree’s solutions follow the natural workflow of providers to automate and improve how they manage their businesses, serve patients, and protect reimbursements. The company is ranked as one of the top 100 healthcare IT companies in the U.S. on the prestigious Healthcare Informatics 100 (HCI 100) list. For further information, visit … or call 1-844-GET-BTRE (438-2783)
Brightree is registered trademark of Brightree LLC.