Greenwood Village, Colorado, November 13, 2013 — Recondo Technology today announced it ranked Number 67 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and clean technology companies in North America. Recondo Technology grew 3,241 percent during this period.
Rick Adam, Recondo CEO, credits the company's vision and execution on that vision for the 3,241 percent revenue growth. He said, "Everyone at Recondo is invested in our effort to help achieve financial clarity and efficiency for all participants within the healthcare revenue cycle. Over the last six years, our work has resulted in a closer relationship with payers, a better patient healthcare experience, and confident and motivated people who see their individual value leading to superior healthcare service."
"The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation," said Eric Openshaw, vice chairman and Deloitte's US technology, media, and telecommunications leader. "This year's list is a who's who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next."
"The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma, and internet companies continue to be at the forefront," added James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. "The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year."
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences, and clean technology companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
Recondo solutions achieve financial clarity and efficiency for all participants within the healthcare revenue cycle. The result is a closer relationship with payers, a better healthcare experience for patients, and a confident and motivated staff that sees their value manifested in superior healthcare service. Recondo combines sophisticated rules architectures, legacy integration, and data mining to provide true interoperability for more than 650 US hospitals and more than 500 payers. This new world of healthcare is Empowered by Recondo.
Visit Recondo Technology at www.recondotech.com.
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