Internet-based medical claims clearinghouse capitalizes on record growth to move up six spots in publication’s annual ranking
Atlanta, June 20, 2012—Navicure, a leading Internet-based medical claims clearinghouse for physician practices, today announced its inclusion on the 2012 Healthcare Informatics HCI 100 list. The company ranked 87th on the list, which is six places higher than it ranked in 2011. This marks the third consecutive year Navicure has been included on the list.
For over 20 years, Healthcare Informatics’ HCI 100 has ranked the largest public and private HIT companies based on annual revenue for healthcare IT products and services sold in the United States. The 2012 list was based on revenue from fiscal year 2011. During this period, Navicure recorded more than $39 million in revenues, which is a 27.5% increase from their 2010 revenue. Navicure’s inclusion on this list comes on the heels of the company’s announcement that it had a record breaking first quarter in 2012 by adding 344 practice locations and a 24% increase in revenue compared to the first quarter of 2011.
“Since our founding in 2001, we have built our company on the idea that we have to provide the best customer-service in the industry to accompany our superior technology – this philosophy along with our extremely loyal clients have been crucial to continued success and growth,” said Jim Denny, founder, president and CEO of Navicure. “We pride ourselves on our ability to help practices streamline and improve their revenue cycle, and this recognition shows that we are achieving that goal. We are thrilled about carrying this momentum into the second half of 2012.”
The complete 2012 Healthcare Informatics HCI 100 list can be found here.
Navicure is a leading Internet-based medical claims clearinghouse that helps physician practices increase profitability through improved claims reimbursement and staff productivity. Serving over 20,000 healthcare providers in practices nationwide, Navicure’s solutions automate account receivables processes, including primary and secondary claims reimbursement; patient eligibility verification; rejected and denied claims management, including appeals; electronic remittance and posting; claims and remittance reporting and analysis; and patient statement processing. Navicure’s solution is supported by its unique 3-Ring Client Service™ which guarantees that a client service representative will answer every client call in three rings or less.Navicure is a member of the MGMA AdminiServe® Partner Network, an exclusive group of pre-screened, peer-reviewed and tested vendors. Navicure is also the founding sponsor of www.icd10hub.com, a free educational website devoted to making physician practices’ transitions to ICD-10 and 5010 easier. Navicure continues to be ranked among the fastest growing companies nationally in the Inc. 5000 and Deloitte Fast 500 rankings. For more information, please visit www.navicure.com.