| CodeRyte repeats as one of the nation's fastest growing companies |
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Deloitte, Inc. magazine honor company for the second year in a row Bethesda, Md., Nov. 3, 2009 – CodeRyte, Inc., the healthcare industry’s premier provider of computer-assisted coding technologies, is again one of the nation’s fastest growing companies according to Deloitte and Inc. magazine.CodeRyte ranked 278 on Deloitte’s annual list of the country’s 500 fastest growing businesses. The 2009 "Fast 500" recognizes growing technology, media and entertainment, telecommunications and life sciences companies. Winners, selected from nominations and evaluations of fiscal year revenue growth over five years, are announced each fall. At the same time, Inc. ranked CodeRyte in the top 35 percent of its annual Inc. 5000 list of America’s fastest-growing private companies. The list offers a comprehensive look at growing companies that are succeeding with cutting-edge business models. Inc. gauged its list by measuring revenue growth from 2005 through 2008. The awards clearly define CodeRyte as the nation’s fastest growing provider of computer-assisted coding solutions. The 2009 growth awards punctuate several key milestones in the company’s history. CodeRyte recently processed its 100 millionth medical report and is now evaluating more than 3 million reports each month. CodeRyte hit the markers in the midst of tremendous client base growth despite the current down economy – more than 20 percent so far in 2009. The latest report from WinterGreen Research echoes the awards’ commendation of CodeRyte. WinterGreen – the first analyst firm in the nation to investigate the computer-assisted coding industry – found CodeRyte “is a very strong market participant, winning the majority of the new deals in the market.” “Healthcare is broken and riddled with inherently flawed processes,” said Andy Kapit, CodeRyte chief executive officer. “CodeRyte’s technology goes right to the heart of that pain and opens new channels for productivity and operational efficiency, emboldening the rich narrative of the medical record, offering a powerful ROI for physicians and hospitals to earn what they deserve while reducing healthcare’s systematic waste.” On the heels of the national growth awards, CodeRyte was also recognized in October for growth in the Washington, D.C. metropolitan region. The AlwaysOn Network, an online media network that tracks innovative, disruptive technologies, included CodeRyte in its OnDC 100, citing CodeRyte for its emerging technology and creation of new business opportunities. About CodeRyte Sophisticated technology. Superior compliance. Successful clients. Visit www.coderyte.com. # # # CodeRyte media contact |