Mod­ern Health­care salutes Health­care’s Hottest

Modern Healthcare - - THE WEEK IN HEALTHCARE -

Forty health­care com­pa­nies and or­ga­ni­za­tions have made Mod­ern Health­care’s in­au­gu­ral list of Health­care’s Hottest, a new recog­ni­tion pro­gram hon­or­ing the fastest grow­ing com­pa­nies and or­ga­ni­za­tions in the $2.7 tril­lion health­care in­dus­try.

An al­pha­bet­i­cal list of the fastest 40, as mea­sured by rev­enue growth dur­ing the past six years, ap­pears on Mod­ern Health­care’s web­site at mod­ern­health­­cares hottest.

To par­tic­i­pate in the pro­gram, nom­i­nees must have gen­er­ated a min­i­mum of $20 mil­lion in an­nual rev­enue in their most re­cent fis­cal year and op­er­ated in one of four in­dus­try sec­tors: hos­pi­tals/hospi­tal sys­tems; physi­cian group prac­tices; pay­ers/in­sur­ers; and ven­dors/sup­pli­ers. They must have been head­quar­tered in the U.S. and been in busi­ness for at least six years. And they must have ei­ther been a pri­vately held for-profit, pub­licly traded for-profit or pri­vate not-for-profit cor­po­ra­tion or or­ga­ni­za­tion.

A to­tal of 86 com­pa­nies and or­ga­ni­za­tions par­tic­i­pated in this year’s pro­gram, which re­quired them to sub­mit fi­nan­cial doc­u­men­ta­tion demon­strat­ing their rev­enue growth.

All sub­mit­ted fi­nan­cial doc­u­men­ta­tion was tab­u­lated and an­a­lyzed by Mod­ern Health­care. A sam­ple of Mod­ern Health­care’s tab­u­la­tions was in­de­pen­dently as­sessed by the ac­count­ing and man­age­ment con­sult­ing firm of Deloitte & Touche, a sub­sidiary of Deloitte LLP, which pro­vides au­dit, tax, con­sult­ing and fi­nan­cial ad­vi­sory ser­vices to com­pa­nies of all sizes in­clud­ing a prac­tice ded­i­cated to mid­dle-mar­ket firms. Mod­ern Health­care chose 40 com­pa­nies and or­ga­ni­za­tions as Health­care’s Hottest and is solely re­spon­si­ble for the fi­nal de­ter­mi­na­tion of the re­cip­i­ents.

On Sept. 24, Mod­ern Health­care will an­nounce the ranked or­der of the 40 and crown the in­dus­try’s fastest-grow­ing com­pany or or­ga­ni­za­tion for 2012. The ranked or­der and pro­files of the com­pa­nies will ap­pear in a spe­cial print sup­ple­ment and on Mod­ern Health­care’s web­site, Mod­ern­health­

For more in­for­ma­tion on the Health­care’s Hottest pro­gram, please contact David Burda, ed­i­tor, at dburda@mod­ern­health­ or 312-649-5439, or Julie Weiss­man, re­search di­rec­tor, at jweiss­man@mod­ern­health­ or 312-6495459. To ad­ver­tise in the sup­ple­ment, please contact Ilana Klein, na­tional ad­ver­tis­ing sales di­rec­tor, at ik­lein@mod­ern­health­ or 312649-5311.

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