DataCare Corporation Reports 32% Growth in 2010

SAN JOSE, Calif., Nov. 10, 2010 /PRNewswire/ -- DataCare Corporation (http://www.datacare.com), the leader in web-based workers' compensation software, today reported 32% growth over last year.

"DataCare's innovative workers' compensation solutions continue to drive our strong results. Companies are turning to our technology solutions for cutting their workers' compensation cost. We remain optimistic about DataCare's position to generate future growth in these businesses," said Paulo Franca, president of DataCare Corporation. "Earlier this year we announced an innovative product, Bill Zee, that has saved our clients 14-20% of medical bill expenses. DataCare has the resources and experience to help clients with workers' compensation claims, case management, utilization review, and bill review systems."

Year-End Results

DataCare's revenue growth is 32% compared to the prior fiscal year. Like Salesforce.com and other SaaS software firms, more than 90% of DataCare's revenue is derived from software subscriptions. At a time when many Silicon Valley firms are downsizing and scaling back, DataCare is fortunate to be able to add the staff and capabilities that customers have required. Franca attributes much of their current success to new product introductions like Bill Zee and the firm's longstanding commitment to support complex workflows with rule-based analytics and real-time dashboards. DataCare's specialized dashboards for workers' compensation claims integrate evidence-based treatment guidelines and have generated a lot of interest due to the industry's growing hunger for actionable data analysis. DataCare services support 4000+ users and operations in 23 states.

About DataCare Corporation (http://www.datacare.com)

Headquartered in San Jose, California, DataCare's software technology supports evidence-based treatment decisions with defensible supporting documentation for workers' compensation claims.  DataCare supports the highly specialized workflows for workers' compensation claims management, case management, utilization review, and bill review systems. These workflows normally span many different organizations and include both internal adjusters and out-of-house experts. Web-based DataCare solutions enable reviewers to be twice as productive as those using legacy paper-based workflows, and offer managers much better visibility into status, quality, and workload issues.

Other press releases from DataCare Corporation

• Real Results: Medical Costs Significantly Reduced! - October 1, 2010
• DataCare Achieves Significant Workers' Compensation Savings! - March 16, 2010

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SOURCE DataCare Corporation