Company’s continued growth driven by enabling the success of independent practices
IRVINE, Calif., August 18, 2016 – Kareo, the leading provider of cloud-based solutions for independent medical practices, today announced that Inc. magazine has named it one of the 2016 Top 5000 Fastest-Growing Private Companies in the U.S. for a fifth consecutive year. Kareo grew at a rate of 187% during the 3-year measurement period, outperforming the software category average of 136%.
“We are honored to be recognized by Inc. magazine for a fifth year in a row,” said Dan Rodrigues, founder and CEO of Kareo. “Our growth is a result of our continuing success in helping independent healthcare providers deliver outstanding patient care while avoiding the significant burdens of running a medical practice. We look forward to additional growth as we further build out our market leading platform.”
Kareo added an average of 650 providers per month to its platform in 2015, supporting its place among the fastest growing companies on the list with $56M in revenue during 2015. Kareo’s steady and rapid growth has also earned accolades across the industry. In addition to the Inc. 5000, the company has been recognized as a Deloitte Fast 500 Technology company for the past three years. Within the industry, Kareo was named the leading vendor for integrated health records, practice management and physician billing solutions for the fourth consecutive year by Black Book.
“I have a lot of faith in Kareo and their software. It’s affordable and easy to use, which allows us to keep practicing independently,” said Scott Mayer, MD, Director, Today Clinic. “I am impressed with their willingness to get customer feedback to keep improving.”
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. For complete results of the Inc. 5000 list, visit http://www.inc.com/inc5000.
Kareo is the only cloud-based and complete medical technology platform purpose built to meet the unique needs of independent practices. Today we help over 50,000 providers in all 50 states run more efficient and profitable practices, while delivering outstanding patient care. The Kareo technology platform is the first to help independent practices find more patients, manage their care with a fully certified and easy to use EHR, and get paid quickly – all in one complete and integrated package. Kareo has received extensive industry recognition, including the Deloitte Technology Fast 500, Inc. 5000 and Black Book’s #1 Integrated EHR, Practice Management and Medical Billing Vendor. Kareo’s growth further demonstrates the expansion and vitality of the independent practice market in the U.S. With offices across the country, our mission is to help independent practices succeed in an ever-changing healthcare market. For more information, visit www.kareo.com.
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