PRZOOM - /newswire/ -
Englewood Cliffs, NJ, United States, 2010/09/27 - GeBBS grew at a rate of 839%, making it the 22nd fastest growing healthcare company and # 350 among all American businesses.
Inc. Magazine announced that GeBBS Healthcare Solutions, Inc., a leading provider of Offshore Healthcare Revenue Cycle Management Services ranked 350 in its annual ranking of the nation's 500 fastest-growing private companies. This is the second year in row that the New Jersey based Healthcare Business Process Outsourcing (BPO) firm has been included among the Inc. 500, making it one of only 147 companies on this year's roster to be listed twice. GeBBS was also Ranked 22 among healthcare companies.
The annual ranking is based upon the rate of each company's revenue growth from 2006 through 2009. In these three years, GeBBS grew at a rate of 839%, making it the 22nd fastest growing healthcare company and # 350 among all American businesses. GeBBS will be presented with this year's award at the 2009 Inc. 500|5000 Conference & Awards Ceremony. As an Inc.500 honoree, GeBBS Healthcare Solutions, shares a prestigious lineage with notable and entrepreneurial companies such as GoDaddy, Microsoft, Oracle, Timberland and many such powerhouses.
As a company grows, it becomes increasingly difficult to sustain such high growth rates, making it more of a challenge to be on the Inc. 500 list multiple years in a row. Last year, GeBBS made the list at # 173 with an even more impressive growth rate of 1,110 percent.
"We are honored to have made the Inc. 500 list for the second time," said Nitin Thakor President & CEO of GeBBS Healthcare Solutions, "Last year GeBBS invested over $1 million in setting up a new delivery center that will staff over 1700 employees. We have also made significant investments in building technology platforms that are being bundled along with our services. We are confident that this investment will allow us to continue growing aggressively in the years to come.
"This latest accolade underscores our continuing commitment in providing the best and most innovative solutions to our clients. It's pleasing to know that the industry recognizes these accomplishments along with the inherent value propositions that result from our efforts." said Randy Wall, Vice President of GeBBS Healthcare Solutions.
"Fast growth at any time is a big achievement; fast growth during the past few years is just short of miraculous," said Inc. editor Jane Berentson. "The Inc. 500 consists of these just-short-of miraculous companies, the ones that through ingenuity and ambition have increased revenue, hired employees, and grown fast in difficult economic times." The September edition of Inc. magazine.
GeBBS (gebbs.com) is a leading provider of healthcare Business Process Outsourcing services to Healthcare Providers and Pharmacies. We help our clients succeed by leveraging on our domain expertise and technology platforms along with our cost effective approach to global outsourcing.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology.To learn more about the Inc. 5000 and to see the entire 2010 list.