WARREN, N.J.--(BUSINESS WIRE)--
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 to the NJBIZ 50 Fastest Growing Companies list for the fourth year in a row.
The NJBIZ awards celebration took place last night at The Palace at Somerset Park, where New Jersey's most dynamic companies celebrated their achievements and contributions to the Garden State’s economic growth and stability.
Founded in 1999, AdvantEdge is recognized as one of the top 10 medical billing, coding and practice management companies in the United States; has more than 675 employees in eight regional offices in the U.S. and in Bangalore, India; and collects more than $1 billion annually for its physician, hospital, ambulatory surgery and large office-based clients. The NJBIZ honor follows recent news that AdvantEdge was named to the Inc. 5000 Honor Roll as a five time honoree.
“The problems that AdvantEdge solves in the marketplace are front page news,” said David Langsam, President and CEO of AdvantEdge. “There is tremendous downward pressure on physician reimbursement. Plus the healthcare environment is becoming more complex every day with the Affordable Care Act, healthcare exchanges and ICD-10 as current examples. AdvantEdge’s services help our clients maximize their financial performance through better collections and cash recoveries, minimize compliance risk, streamline operations, and dramatically improve decision making through our web-based business intelligence tools and analytics. This award recognizes our company’s continued success, the hard work and persistence demonstrated by our team, and our collective ability to navigate the complex waters of healthcare and reimbursement.”
To qualify for the award, companies had to meet selection criteria that included revenue of at least $500,000 in two of the fiscal years ending in 2010, 2011 and 2012, and show revenue growth in 2012, as compared to 2010. Ranking numbers for dollar and percentage growth were totaled. The company with the highest combined ranking was ranked number one, with the other companies following in order.
For more information about the NJBIZ 50 Fastest Growing Companies awards program, please visit www.njbiz.com/section/50-Fast-Grow-Comp.
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 seven 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 on the Inc. 5000 Honor Roll as a five-time honoree and has been ranked by NJBIZ as one of the 50 Fastest Growing Companies in New Jersey for four years in a row. AdvantEdge is backed by major investors Safeguard Scientifics (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.
- Health Care Industry
Bill Gilbert, Vice President Marketing