NORWALK, Conn., Nov. 1 /PRNewswire/ -- IntelliClaim, a provider of technology and services for the healthcare payor industry, has recently been recognized for its continued growth by two prestigious organizations In two separate evaluations within the same month, Deloitte & Touche LLP, one of the nation's leading professional services firms, and Inc. Magazine, the premier publication for small and medium-sized businesses, came out with national rankings that placed IntelliClaim among the leaders in building revenue growth among all small companies in the past five years:
* Deloitte ranked IntelliClaim number 20 in its Technology Fast 500 Program, a ranking of the 500 fastest growing technology companies in North America, and as the top company in the Deloitte Connecticut Fast 50, a listing of the fastest growing technology companies in the state. * Inc. Magazine, placed IntelliClaim number 197 in its 23rd annual Inc. 500 ranking of the fastest-growing private companies in the country.
IntelliClaim earned these awards by posting a 178.9% annual growth rate, combined with a total growth over five years of 16,338% since its founding in 1998. The company has continued to experience enormous growth, more than tripling its revenues between 2002 and 2003.
IntelliClaim Chairman and CEO Kevin Hickey cites the company's experienced team and diversified solution suite of cost saving services as helping to build an increasing enthusiasm among health plans for new technologies. "Being awarded both of these honors is a tremendous accomplishment for IntelliClaim and testament to our team's mission of providing cutting edge technology and claims expertise that help health plans realize significant medical expense and administrative cost reductions with improved claims accuracy and performance," said Hickey.
IntelliClaim was founded in 1998, and began delivering a claims editing service to health plans in 1999. Since then, the company has added several additional technology-enabled services and solutions to its base architectural offering of the Claim Hub. Its clients now span the full range of the health care payor industry, from small, local health plans to large national payors, as well as provider-sponsored plans and third party administrators.
"In a very tough environment for healthcare IT services, our staff has distinguished themselves by diligence, professionalism, and delivering consistently on commitments to our clients," added Hickey.
Rankings for Deloitte's Fast 500 are based on the percentage of growth in fiscal year revenues over five years, from 1999-2003. To qualify for the Technology Fast 500, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in North America, 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. The Inc. 500 ranks privately held companies according to averaged year-over-year sales growth over the past four years.
About IntelliClaim
IntelliClaim is a leading provider of technology-enabled services that help healthcare payors improve the performance of their claims processes, produce actionable intelligence from administrative data, and lower their expenses.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein (association), its member firms and their respective subsidiaries and affiliates. As a Swiss Verein, neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu," or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Tax LLP, and their subsidiaries), and not by Deloitte & Touche USA LLP.
About Inc.
Inc., the only business magazine dedicated exclusively to owners and managers of fast-growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market- tested strategies for managing people, finances, sales, marketing and technology. Inc. is the premier publication that focuses on small to medium- size businesses, which are responsible for more than half the nation's gross domestic product and 75% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner + Jahr USA publication, inspires and informs, with cutting-edge coverage that reflects our readers' energy, brashness, and imagination.
IntelliClaimCONTACT: Mark Isbitts of IntelliClaim, +1-203-750-5159,misbitts@intelliclaim.com
Web site: http://www.intelliclaim.com/