IRVINE, Calif., Aug. 28, 2012 /PRNewswire/ -- Kareo, Inc., the leading provider of cloud-based medical office software, announced today their inclusion on the Inc. magazine's sixth annual Inc. 500|5000, an exclusive ranking of the nation's fastest growing private companies. Kareo outranked all other medical office software companies, was ranked in the top 100 of all Health companies at No. 74, and placed among the top 20% of companies overall.
"This is a big achievement for us," says Dan Rodrigues, Founder and CEO of Kareo. "Our commitment to helping doctors and small medical practices run their business successfully has been rewarded with three consecutive years of doubling revenue and number of customers. I'm thankful for the loyalty of our customers and proud of the Kareo team."
The list represents the most comprehensive look at the most important segment of the economy—America's independent entrepreneurs. In a stagnant economic environment, median growth rate of 2012 Inc. 500|5000 companies remains an impressive 97 percent. The companies on this year's list report having created over 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. Editor Eric Schurenberg.
Kareo is the only medical office software maker dedicated to serving the small practice. Kareo believes that, with the right tools and support, small practices can do big things. Over 15,000 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 in the small practice to do the important work of patient care. For more information on Kareo, visit www.kareo.com.
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.
SOURCE Kareo, Inc.