SOURCE: Interbit Data

Interbit Data

August 31, 2011 10:56 ET

For Third Consecutive Year, Interbit Data Achieves Ranking on the Inc. 5000 -- Inc. Magazine's Annual Exclusive List of America's Fastest-Growing Private Companies

Healthcare IT Solutions Provider Ranks No. 3752 With Three-Year Sales Growth of Over 40%

NATICK, MA--(Marketwire - Aug 31, 2011) - Interbit Data, a leading provider of software and services connecting people and information for more efficient healthcare, today announced it has been named to Inc. Magazine's exclusive list of the 5,000 fastest growing private companies in the United States for the third year in a row. The company ranked No. 3752 as a result of achieving over 40% growth from 2007 to 2010. This growth places Interbit Data at No. 337 in the health industry ranking. As an Inc. 5000 honoree, Interbit Data shares a prestigious pedigree with such notable alumni as Intuit, Zappos, Under Armour, Microsoft, Jamba Juice, Timberland, Clif Bar, Patagonia, Oracle, Zipcar and scores of other powerhouses.

"Attaining continued growth in this economy three years in a row is more than an achievement -- it verifies the need for our solutions, which help hospitals save time and costs with distributing and ensuring accessibility of critical patient information," said Arthur Young, president of Interbit Data. "Our products play a vital role in improving the delivery of patient care by getting patient records to the clinicians and others who need them in an efficient manner."

Since 1997, Interbit Data has sold its secure, reliable and cost-effective software solutions to over 650 hospitals and healthcare facilities in the U.S. and Canada. Many of the company's products are certified as electronic health records (EHR) modules that would be part of an overall EHR system implementation for establishing "Meaningful Use" of patient medical records.

Interbit Data offers three types of solutions that contribute to increased productivity, reduced costs, and, ultimately, better and more consistent patient care:

  • Report distribution -- automates the secure transfer of patient information over the Internet in multiple formats (print, fax, email or file), easily integrating it into physician practices' electronic medical records (EMRs) and personal health records.
  • Business continuance -- ensures up-to-date patient data is readily available in the event of a network or system outage.
  • Workforce scheduling and employee retention -- enables optimized workforce scheduling and delivers it in a way that enhances employee job satisfaction and loyalty as well as improves the effectiveness of nurses and other clinical staff to meet patient needs. This solution helps address the shortage of nurses, a growing problem in healthcare which affects patient care and safety.

In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year's list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/inc5000/welcome.

"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. magazine Editor Jane Berentson.

Methodology
The 2011 Inc. 5000 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000/welcome.

About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit Inc. online at www.inc.com.

About Interbit Data
For more information about Interbit Data and its NetSolutions healthcare IT products, visit the company Website at www.interbitdata.com.

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