EHR Makers Among America's Fastest Growing Companies

Erin McCann | Government Health IT | August 25, 2014

Health IT vendors and EHR makers in particular are once again faring quite well on the list of fastest growing companies.  Inc. Thursday published its hallmark annual ranking of America's 5,000 fastest growing companies, and found 377 — or 8 percent — to be healthcare related. Despite the low percent, however, the sector accounted for the lion's share of revenue ahead of all industries at $21.8 billion.

Among the fastest growing were three recognized EHR platform companies: CareCloud; drchrono and eClinicalWorks, which ranked 127th, 249th and 4064th respectively. Both CareCloud and drchrono are new to this year's list.  The Web-based EHR and revenue cycle management company CareCloud based in Miami, Fla., saw a blistering three-year growth rate of nearly 3,000 percent, raking in $10.5 million in revenue last year.

"We are honored to be recognized," said Albert Santalo, CareCloud chairman and CEO, in a prepared statement, "for CareCloud's trajectory over the past three years." Added Santalo, "It's important to remember that this growth is a direct result of bringing a modern platform to an industry too often constrained by decades-old technology."  Drchrono, a considerably smaller physician-targeted EHR company, brought in a modest $2.9 million last year, but saw three-year growth rates up more than 1,834 percent...