• Highlights of Extraordinarily Successful Year Include the Addition of 200 New Employees to the MediConnect Global Team, High-Powered New Board Members, Significant National Awards and Enhancements to myMediConnect Personal Health Record System
• Healthcare Division Sees More Than 2,000 Percent Growth Over Past Three Years
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(HealthNewsDigest.com) – SALT LAKE CITY – February 1, 2011 – MediConnect Global today announced that among its major accomplishments during an exceptionally productive 2010 the company achieved continued significant revenue growth in the midst of a sustained national and global economic recession. Notably, its healthcare division – where four of the five largest health insurers are among its clients – has grown 2,076 percent since 2007.
“By any measure, 2010 was a phenomenal year for MediConnect Global,” said Amy Rees Anderson, CEO of MediConnect Global. “Our revenue growth, the addition of key board and team members, rigorous innovation that has enhanced our already industry-leading services, and the powerful resonance our products and services are enjoying in the marketplace have combined to greatly accelerate our drive toward becoming the indisputable global leader in medical record retrieval and digital health information exchange services for organizations and individuals alike.”
MediConnect Global’s 2010 performance represented a continuation of a long period of ongoing expansion, bolstered by multiple major contracts with global healthcare leaders. MediConnect Global has experienced more than 1,100 percent overall revenue growth in the past six years, and in 2010 achieved the rare milestone of earning a spot on the Inc. 5000 list for the fourth consecutive year. The company also ranked number 155 on the Deloitte Technology Fast 500 list of North America’s fastest-growing technology companies – up from number 172 in 2009.
The continually rising demand for the company’s services from both organizations and individual consumers was reflected in the addition of 200 new full-time employees – including a significant expansion of the company’s rural Ephraim, Utah office – in an effort led by an in-house human resources team that during 2010 assumed responsibility for all MediConnect Global worldwide recruitment. The soundness of the company’s strategic direction was bolstered by the addition of two global healthcare leaders to its board of directors: Charles Johnson, former U.S. assistant and acting secretary of Health & Human Services; and Scott Parker, who led Intermountain Healthcare to global prominence in his tenure as its president.
2010 was also a year of significant innovation for the company’s products and services. MediConnect Global’s aggressive R&D efforts will result in the launch of several new products in Q1 of 2011, designed to enable health insurance carriers to maximize their ratings – and corresponding level of reimbursement – on the U.S. federal government’s new 5-star system for evaluating the quality and responsiveness of healthcare management and delivery.
In addition, the company has added significant enhancements to its innovative myMediConnect personal health record (PHR) system, which retrieves patient records, effectively organizes and digitizes the information and provides it to users in a safe, HIPAA-compliant online environment. These enhancements include access to compelling research and other health information; and Wellness Tracker, which enables users to improve their health by creating and monitoring custom diet plans and workout routines for free. myMediConnect is one of four PHR systems chosen by the U.S. Centers for Medicare & Medicaid Services (CMS) to participate in an extended PHR pilot program for Medicare patients.
“Our commitment to continually improving what are already the industry’s finest products and services for organizations and individuals will ensure that we will remain at the forefront of the crucial electronic medical records and health information exchange industries,” said Anderson. “We continue to build upon the largest global collection of medical records, and will use it to empower the organizations and individuals we serve to improve health and healthcare worldwide.”
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