ORLANDO, Fla., Aug. 16, 2017 /PRNewswire/ -- CollaborateMD, a leading provider of innovative and intelligent cloud-based revenue cycle management solutions, was named for the seventh time by Inc. magazine to the annual Inc. 5000 – a list of the Fastest-Growing Private Companies in the U.S. Of the tens of thousands of companies that have applied to the Inc. 5000 over the years, only a fraction have made the list more than once.
"We are honored to be recognized by Inc. magazine for the seventh time," said Douglas Kegler, CEO and Founder of CollaborateMD. "Only two percent have made the list seven times."
CollaborateMD was founded in 1999 by Douglas Kegler, CEO, to help medical practices and medical billing services thrive in the jungle of ever changing government and insurance payer regulations without having to spend a fortune on software, support, and hardware. Mr. Kegler raised just under a million dollars between 2001-2004 which originally allowed him to move the company out of his home and into a small 1,300 sq. ft. office space and hire a few staff. Mr. Kegler stretched the investment money enough to allow the company to reach profitability in 2006; and it's been profitable ever since.
"It seems like yesterday I rented a tiny office and now our platform processes over $1 billion worth in healthcare claims each month," said Mr. Kegler. "Our constant growth can be attributed to our relentless focus on our slogan 'Work Less. Paid Fast®'".
Since 1999, CollaborateMD's innovative and intelligent cloud-based revenue cycle management software solutions have contributed to the financial and operational success of medical practices and medical billing services in every state across the country. CollaborateMD's Windows and MAC solution, with its simplicity, intelligence, and phenomenal support, is used by thousands of medical providers and has processed over $47 billion worth of medical claims and manages over 20 million patient records.