Forbes Names Kareo One of America's 100 Most Promising Companies
IRVINE, Calif., Feb. 7, 2013 /PRNewswire/ -- Kareo, Inc., the cloud-based medical office software provider for small medical practices, announced today that the company has been named by Forbes as one of America's Most Promising Companies. Listed at number 58, Kareo is among the top 100 privately held, high-growth companies possessing compelling business models, quality management, growing teams, and supportive investors.
"It is an honor to be named to this prestigious list comprised of some of the most dynamic companies in the U.S.," said Dan Rodrigues, founder and CEO of Kareo. "This achievement speaks to the commitment, focus, and success of the Kareo team in delivering solutions valued by small medical practices. Our team understands that the better we do our jobs, the better our customers can do theirs, namely delivering outstanding patient care."
Kareo has grown rapidly and now serves over 17,000 medical professionals with its solutions. Small practices rely on Kareo's intuitive and affordable cloud-based applications to effectively manage their operations by simplifying patient scheduling, improving billing processes, and navigating complex payment requirements. By reducing the challenges of small practice management, medical providers can shift their focus to their core objective of delivering patient care. The company recently announced a $20.5 million round of funding, the introduction of Kareo Billing Services, a new full service option for small practice billing management, and the expansion of its leadership team with the hire of a Chief Marketing Officer.
Over the course of six months Forbes reviewed thousands of applications. The final assessment was based on growth in sales and hiring, quality of management team and investors, margins, market size and key partnerships. Forbes turned to CB Insights, a Manhattan-based data research firm specializing in assessing private companies, to refine the search. After verifying sales numbers, speaking with each company and debating their merits, Forbes produced a final ranking of the top 100 companies.
Kareo is the only medical office software and services provider dedicated to serving the small practice. Kareo believes that, with the right tools and support, small practices can do big things. Over 17,000 medical professionals count on Kareo to manage their offices intuitively and affordably. Quick to set up and simple to use, Kareo's cloud-based software helps doctors get paid faster, keep cash flowing, and see the financial big picture through medical billing and practice management tools. Founded in 2004, Kareo's mission is to free doctors' hands for important work of patient care. For more information on Kareo, visit www.kareo.com.
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SOURCE Kareo, Inc.