Although the following companies all vary in revenue (having been chosen from this year's list of organizations ranked 41-100), what they do have in common is solid growth. With most of them experiencing double digit revenue increases over the last two years, they remain focused on developing solutions and services that optimize client satisfaction. Get ready to read about some of the industry's most interesting up and comers.
VISCU Inc.Rank: 69
2007 has already started to deliver its share of dividends for Baltimore-based VISCU Inc. In what might be considered the best endorsement of the century, President George Bush publically advocated the use of VISCU's eICU Program, while visiting Lee's Summit Hospital, Lee's Summit, Mo.
Although industry praise wanes in comparison to the president's stamp of approval, the healthcare information technology and clinical solutions company was named Innovator of the Year at the Innovation 2007 conference for chief executive officers.
The 2006 release of a VISCU-conducted analysis contending that its eICU program saves lives and improves patient outcomes provided yet another catalyst for the growth and expansion of the company. Following the results of the analysis, in which 68 of the hospitals utilizing VISCU's eICU Program demonstrated a severity-adjusted mortality rate 27 percent better than the national average, the company launched an extension of its solution.
Through the use of mobile audio-visual technology, clinicians can now support the care of patients outside the ICU; on medical surgical floors, emergency departments, step down units, and post-anesthesia units. First to jump on board with the expanded version were Parkview Health in Fort Wayne, Ind., and Christiana Care Health System in Wilmington, Del.
With more than 250,000 patients currently being monitored by VISCU's eICU Programs across the country, a growing number of healthcare institutions are signing on to enhance their ICU. Recent supporters of the technology include Alegent Health in Omaha, Neb., Saint Joseph's Hospital, Atlanta, and John Muir Health, Walnut Creek, Calif.
A recent study suggests that not only is bed-tracking big business for Pittsburgh-based TeleTracking, a provider of workflow automated solutions, but hospitals and healthcare institutions can yield substantial ROI by automating their patient throughput.
Installation of TeleTracking's suite of Capacity Management Solutions at OSF Saint Francis Medical Center in Peoria, Ill., saved the facility more than $300,000 in the first year, and is projected to save more than $1.3 million three years down the road.
With reports that 80 percent of emergency physicians cite overcrowding to be one of their top five management concerns (according to a survey conducted by TeleTracking and the American College of Emergency Physicians), the need to manage patient flow more effectively remains paramount. The privately held company that began by developing its Bed Management Suite over 12 years ago has grown at a compounded rate of 27 percent over the past three years.
Building on this expansion, TeleTracking recently released TeleTracking XT, a new platform that extends hospitals' abilities to track and plan patient flow throughout the facility. In addition to several planned products under development, all of TeleTracking's existing solutions are being re-designed, leveraging the added power of TeleTracking XT.
Having built a database of more than 650 hospital clients throughout North America, healthcare facilities to recently implement TeleTracking's patient flow solutions include Scripps Health's La Jolla and Vista, Calif. campuses, and Ottawa's Queensway Carleton Hospital.
DR SystemsRank: 48
San Diego-based DR Systems is no stranger to industry praise. In fact, in 2006, Orem, Utah-based KLAS named it "Best in KLAS.€VbCrLf DR Systems also nabbed the coveted position of PACS category leader in the 2006 KLAS Top 20 mid-year report, topping out other PACS providers including Waukesha, Wis.-based GE Medical Systems, Malvern, Pa.-based Siemens, Andover, Mass.-based Philips, and Boston-based Amicas. It was also rated number one by MD Buyline from October 2004 through January 2006.
As film technology gets left on the cutting room floor in favor of digital imaging, DR systems continues to provide hospitals and imaging centers with scalable medical imaging and information systems.
With over 250 RIS/PACS installations under its belt, 2006 proved to be a record sales year for 15-year-old DR Systems, with the last month ushering in 12 new contracts, totaling more than $7.4 million. The largest contract was for $1.1 million, with the smallest contract coming in at just over $200,000. According to DR Systems, this financial spread indicates the company caters to the gamut of healthcare facilities, from small diagnostic imaging facilities to large hospitals.
In March of this year, DR Systems picked up a three-year contract with Irving, Texas-based Novation, a national healthcare contracting services company serving 2,500 members of VHA, Irving, Texas, and the University Health Systems Consortium, Oakbrook, Ill.