IRVINE, Calif., Aug. 13, 2013 /PRNewswire/ -- Kareo, Inc., the cloud-based medical office software and services provider for small medical practices, announced today that Frost & Sullivan has awarded the company its 2013 North American Physician Practice Management Customer Value Enhancement Award. The Award is presented each year to companies that have demonstrated excellence in implementing strategies that create value for customers, as measured by return on investment on purchase of the company's products and services.
"We believe Kareo is the ideal partner for physicians in need of a flexible, affordable, and low-risk clinical and financial platform that can help them better cope with a healthcare system undergoing dramatic disruption," said Nancy Fabozzi, principal analyst, Connected Health, Frost & Sullivan. "The driving philosophy behind Kareo's success is its vision that physician practices and medical billing services need robust but easy-to-use tools that enable them to proactively manage the complexity of medical reimbursement. Kareo has proven its outstanding performance and success in Physician Practice Management."
Medical practices today face numerous operational and financial challenges, driven by such factors as shifting reimbursement practices, pending changes due to the Accountable Care Act (ACA), and the cost and complexity of adopting electronic health record (EHR) technology. Studies show that the administrative inefficiencies and redundant paperwork that physicians must deal with in order to get paid cost approximately $120 billion annually. By providing fully integrated and highly cost-effective practice management, billing, and EHR offerings for small medical practices, Kareo enables the independent physician to focus on patient care and not the burden of these administrative tasks.
"Kareo is honored to receive this recognition from Frost & Sullivan," said Dan Rodrigues, founder and CEO of Kareo. "Our primary mission at Kareo is to help small medical practices succeed by providing high-value, cloud-based products and services. We greatly appreciate this recognition of our focus and the results we are delivering for our customers."
Today, Kareo has more than 20,000 physicians using its integrated EHR, practice management, and billing solutions. Kareo's success in creating customer value has driven rapid growth of the company, with its employee base doubling every year since 2008 and recognition, in 2013, as one of Forbes 100 America's Most Promising Companies, coming in at #1 in Orange County, California, and #58 nationwide.
For more information on Frost & Sullivan's 2013 North American Physician Practice Management Customer Value Enhancement Award go to: http://www.kareo.com/frost-and-sullivan.
Kareo is the only cloud-based medical office software and services platform dedicated to small practices. At Kareo, we believe that, with the right tools and support, small practices can do big things. We offer an integrated suite of products and services designed to help small practice physicians get paid faster, run their business smarter, and provide better care. Our Practice Management software, Billing Services, and free, full-featured EHR help more than 20,000 medical providers more efficiently manage the business and clinical sides of their practice. Headquartered in Irvine, California, Kareo's mission is to help providers spend their time focused on patients, not paperwork. For more information, visit www.kareo.com.
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SOURCE Kareo, Inc.