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Medical Present Value, Inc. (MPV) Ranked Number 323 Fastest Growing Company in North America on Deloitte's 2008 Technology Fast 500
Attributes its 440 percent revenue growth to client success and revenue cycle expertise
AUSTIN, Texas. – November 18, 2008 –
Medical Present Value, Inc. (MPV) today announced that it ranked number 323 on Deloitte's 2008 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years, from 2003-2007. MPV grew 440.32 percent during this period.
MPV CEO Tom Stampiglia credits client success and the company's unique service approach for its 440 percent revenue growth over the past five years. He explained, "This recognition is further testament to our payor contract management and eligibility and insurance verification expertise. By proactively partnering with our clients to deliver the ideal solutions, their results are increased revenue and improved revenue cycle efficiency."
"Deloitte's Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America's most innovative and competitive market sectors," said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "We congratulate MPV on this significant accomplishment."
Each company on Deloitte's Technology Fast 500 is an innovator with an exceptional five-year track record of growth," said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "MPV has earned its position among the fastest growing companies in North America, and we are proud to honor this important accomplishment.
In addition to ranking on Deloitte's Technology Fast 500, MPV ranked 25 on the Texas Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Texas.
Overall, companies that ranked on the 2008 Technology Fast 500 had growth rates ranging from 242 to 138,762 percent over five years, with an average growth rate of 3,043 percent.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2003 to 2007.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
About Medical Present Value, Inc. (MPV)
MPV helps medical groups to maximize practice revenue and meet the demands of healthcare consumers by combining technology and consultative services to fully automate eligibility verification; reduce patient write-offs; monitor payor contract compliance; recover underpayments and negotiate better contracts.
About Deloitte
As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
Contact:
Medical Present Value, Inc. (MPV)
Merideth Wilson
512.439.0201
mwilson@mpv.com
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