HEALTHCARE SOLUTIONS RECOGNIZED AS FASTEST GROWING COMPANY
Healthcare Solutions, the leading provider of technology-based healthcare cost management solutions for the workers’ compensation and auto insurance markets, today announced that the company has been selected as the 7th Fastest Growing Middle-Market company in Georgia by Georgia Trend magazine. The award was presented to Healthcare Solutions at the 2010 Fast 40 Gala Dinner and Awards Presentation on June 17 at the Ritz-Carlton in Atlanta.
(Vocus/PRWEB) June 18, 2010
Atlanta, GA (Vocus) June 18, 2010 -- Healthcare Solutions, the leading provider of technology-based healthcare cost management solutions for the workers’ compensation and auto insurance markets, today announced that the company has been selected as the 7th Fastest Growing Middle-Market company in Georgia by Georgia Trend magazine. The award was presented to Healthcare Solutions at the 2010 Fast 40 Gala Dinner and Awards Presentation on June 17 at the Ritz-Carlton in Atlanta.
Companies recognized for the award had to demonstrate three years of sustained revenue and employment growth. The CPA firm Cherry Bekaert & Holland, LLC (CB&H) rated the top companies based on a weighted growth rate; 75 percent toward revenue growth and 25 percent toward employee growth. Healthcare Solutions was recognized in the large middle-market company category, which included companies with revenues between $60 million to $500 million.
“Payers in the workers’ compensation and auto insurance markets use Healthcare Solutions because the company’s innovative technology-based programs reduce medical costs and associated administrative burden,” said David A. George, CEO, Healthcare Solutions. “In addition to significant new customer commitments, the company enjoys a customer retention rate of 99%.”
Over the past five years, Healthcare Solutions has increased revenues over 30% each year. In 2005, company revenues were $76 million compared to revenues of $232 million in 2009. To keep pace with business growth and customer commitments, the company plans to add up to 300 jobs over the next few years.
“Healthcare Solutions will continue to increase market share because of its commitment to developing market-leading technology solutions that assist customers in gaining management control over healthcare expenditures,” said George. “The market has been in need of innovative ideas and applied technology and Healthcare Solutions will continue to deliver both to positively impact customer results.”
About Healthcare Solutions
Healthcare Solutions, Inc. is the parent company of Cypress Care and Procura Management. Through its affiliated companies, Healthcare Solutions serves as a health service company delivering integrated solutions to the property and casualty markets, specializing in workers’ compensation and auto liability/PIP. The company’s customers include insurer carriers, third party administrators (TPAs), managed care organizations (MCOs), government agencies and self-insured employers. Utilizing market-leading technology, Healthcare Solutions delivers demonstrated benefits and savings complemented by deep industry expertise. For more information, please visit http://www. healthcaresolutions. com.
About Georgia Trend
Georgia Trend, the only statewide business publication in the market, is published once a month with two extra issues (Business Georgia and Small Business Guide) each year, delivered to more than 55,000 subscribers. With columns by Neely Young and Tom Crawford revealing the inside track on state politics, and with 3.3 readers per copy, Georgia Trend has become indispensible to the state's movers and shakers, a tradition that has been carried on for more than 20 years. Recent investments in GeorgiaTrend. com have created an equally valuable resource, incorporating not only the full contents of each new issue, but an archive of issues going back to September 2003. Georgia Trend has won numerous national and regional awards for journalistic excellence, including the prestigious Green Eyeshade Award, received in 2007 for the Energy In Georgia series written by Senior Writer Jerry Grillo.
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