A quick look through the health portion of this year’s Inc. 5000 list reinforces what we already know: the health IT market is booming.
More than a quarter of the 41 health-related companies that landed in the top 500 were directly tied to IT, providing either products, services or consulting.
Each year, Inc. Magazine solicits applications from fast-growing independent, privately owned small businesses. It ranks the top 5,000 based on reported revenue growth over the previous three years. The full list of health companies is available here, but below I’ve highlighted a few particularly interesting ones — health IT and not — that MedCity News has heard, read or written about.
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Crescendo Bioscience (San Francisco). With the mission of enabling more effective management of rheumatoid arthritis, Crescendo is developing molecular diagnostics and corresponding products to sharpen clinicians’ understanding of the underlying biology of RA. Last year, the 10-year-old company reported revenue of $5.5 million.
iSirona (Panama City, Florida). iSirona’s software enables hospitals to synch electronic records with medical device data.
Elorac (Vernon Hills, Illinois). Founded in 2008 by dermatology professionals, this specialty pharmaceutical company has a topical psoriasis treatment on the market and is developing several other products, including a topical orphan drug for itching that accompanies T-cell lymphoma.
CoverMyMeds (Columbus, Ohio). To save physicians time and reduce prescription abandonment for pharmacies, CoverMyMeds automates drug prior authorizations for any medication and nearly all health plans.
A Personalized Approach to Medication Nonadherence
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
Recondo Technology (Greenwood Village, Colorado). This health IT company designs software to help hospitals manage and streamline their revenue cycles. It claims to work with more than 500 hospitals and just as many payers, and in the past three years has added more than 170 jobs. In January, private equity fund Bregal Sagemount pumped $20 million into the company.
New Wave Surgical (Pompano Beach, Florida). To ensure that clinicians have an optimal view during laparoscopic procedures, New Wave markets a cleaning and defogging kit for laparoscopes.
