EDEN PRAIRIE, Minn., Sept. 17 /PRNewswire/ -- For the fourth year in a row, American TeleCare -- the leader in the telehealth industry -- has been named a Rising Star in Deloitte's Technology Fast 50 program for Minnesota. The Rising Star award is a special designation for fast-growth technology companies that have been in business for three or four years and is part of the Minnesota Technology Fast 50 program, which ranks the fifty fastest growing technology companies with headquarters in Minnesota. Rankings are based on the percentage of growth in fiscal year revenues over three years (2001 to 2003).
As an innovator at the forefront of the healthcare industry, American TeleCare provides solutions and services for healthcare systems -- from home health to integrated delivery systems. The first company to create video- based telehealth, American TeleCare has a thorough understanding of the market's needs and continues to introduce programs and products to build on a continuum of care.
"The Deloitte Minnesota Technology Fast 50 Rising Star company has shown the strength, vision and temerity to succeed despite a very challenging technology environment," said Ron Hafner, Partner of Deloitte's Minneapolis office. "We applaud the successes of American TeleCare and acknowledge its place as one of the few to accomplish such a fast growth rate over the past three years."
"We're honored to be recognized by Deloitte for our strong performance," said Randy Moore, CEO of American TeleCare, Inc. "We're pleased to be honored for our growth -- and even more pleased that our technology is providing solutions for health care providers and their patients."
To qualify for the Minnesota Technology Fast 50 Rising Star program, companies must have had operating revenues of at least $50,000 in 2001 and $1,000,000 in 2003, must be public or private companies headquartered in Minnesota, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues; and/or devoting a significant proportion of revenues to research and development of technology.
Rising Star winners are automatically entered in the Deloitte Technology Fast 500 program's Rising Star category. The Deloitte Technology Fast 500 program ranks North America's top 500 fastest growing technology companies based on revenue growth over five years (1999 to 2003). Its Rising Star ranking is based on revenue growth over three years. For more information on the Deloitte Technology Fast 50 or Fast 500 programs, visit http://www.fast500.com/ .
Earlier this year, American TeleCare was awarded the 2004 Frost & Sullivan Award for Technology Innovation, which recognized American TeleCare's pioneering contribution to remote patient monitoring, and for the development of its proprietary CareTone(R) Telephonic Stethoscope. The company's CEO, Moore, was named one of Finance and Commerce newspaper's 2004 Innovators of the Year.
American TeleCare is dedicated to improving outcomes while lowering health care costs and has been since its formation in 1993. American TeleCare provides technology-enabled patient care management solutions, featuring live audio/video/data communication and integrated medical peripherals. American TeleCare's telehealth solutions enable remote, real-time clinical interactions -- resulting in increased efficiency in patient care delivery, improved outcomes and increased patient and clinician satisfaction while lowering costs. For more information, visit http://www.americantelecare.com/ or call 800-323-6667.
American TeleCareCONTACT: Angie Yuhas of American TeleCare, +1-612-483-8064
