From the Wires
AdvantEdge Healthcare Solutions Ranked 4th Fastest Growing Company in New Jersey
By: Business Wire
Nov. 15, 2012 12:13 PM
AdvantEdge Healthcare Solutions, one of the nation’s leading providers of medical billing, practice management, and coding services for specialty physicians, hospitals, and surgery centers, was named the fourth fastest growing company in New Jersey by NJBIZ. The NJBIZ 50 Fastest Growing Companies awards program celebrates New Jersey's most dynamic companies that progressively contribute to the success of the state's economic growth and stability.
Since its founding in 1999, AdvantEdge has gained meaningful scale through organic growth and strategic acquisitions, acquiring seven companies in the past five years. As a result of this continued success, AdvantEdge improved its ranking from #10 in 2011 to #4 in 2012.
“Our rise up the rankings to #4 is a testament to the AdvantEdge team and its continued dedication to helping clients optimize their financial performance and eliminate compliance risks,” said David Langsam, President and CEO of AdvantEdge. “At AdvantEdge, we constantly strive to expand the scope and depth of our services to offer our clients greater visibility into their billing and coding. Our ability to deliver effective solutions has driven our growth. We’re excited to be named as one of New Jersey’s fastest growing companies and this award will motivate us to keep raising the bar.”
To qualify for the award, companies had to meet selection criteria that included revenue of at least $500,000 in at least three of the past four years, and net revenue growth over a four year period, dating from fiscal year 2008 to 2011. The presenting sponsor, ParenteBeard, LLC, calculated the nominations and then ranked the companies according to revenue growth over the four-year period. Both dollar and percentage increases were taken into consideration.
NJBIZ and the program sponsors honored this year’s 50 fastest growing companies and announced their ranking during an awards dinner and ceremony on Tuesday, November 13, 2012 at The Palace at Somerset Park in Somerset, N.J. The honorees will also be highlighted in a special supplement to NJBIZ on November 19, 2012.
For more information about the NJBIZ 50 Fastest Growing Companies awards program, please visit www.njbiz.com/events.
About AdvantEdge Healthcare Solutions
AdvantEdge Healthcare Solutions is a technology-enabled provider of revenue cycle management services, informatics, and expertise, enabling healthcare providers to maximize financial performance and eliminate compliance risks. AdvantEdge continues to gain meaningful scale through organic growth and strategic acquisitions, having completed seven since 2007. It 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 clients using its own proven technology. AdvantEdge clients include hospital-based physicians, hospitals, ambulatory surgery centers, and large office-based groups. AdvantEdge is an IBM Business Partner for physician billing solutions. For more information about AdvantEdge, please visit our website at www.ahsrcm.com, “like” us on Facebook (www.facebook.com/AdvantEdgeHealthcareSolutions) or follow us on Twitter at @DoctorBilling.
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