AdvancedMD Named to Inc. 5000 List of America’s Fastest-Growing Companies

Web-based Software Leader Ranked No. 44 in the Top 100 Software Companies

Salt Lake City, Utah (August 21, 2008) –

AdvancedMD® Software, Inc. www.advancedmd.com, the leading provider of Web-based practice management solutions for physician offices, management services organizations and medical billing services, today announced that for the second consecutive year they have been named to Inc. Magazine’s distinguished list of America’s fastest growing privately held companies. AdvancedMD was ranked 675 on the magazine’s tribute to American business ingenuity and ambition with a three-year growth rate of more than 500 percent.

AdvancedMD specializes in providing software used by medical professionals in three general categories – solo practices, group practices and third party billing services. The system is used nationwide and across all major specialities mirroring the general distribution of physicians. The company continues to build on its market position in the growing Web-based Software as a Service (SaaS) category and has established itself as a preferred solution in the broader medical practice management category. As of July 2008, AdvancedMD provides services for more than 8,500 providers, and over 1 million claims transactions a month.

“We are pleased to again be recognized as one of the fastest growing companies in America,” said Eric Morgan, president and CEO of AdvancedMD. “Having achieved the first major milestone as a technology start-up by proving that we have a viable product and business model, we are proud to now be recognized as one of the fastest growing companies in the country. This growth validates that we have been able to build the market leading product while establishing our profitability and scalability for the future.”

The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies had to be U.S.-based, privately held independent – not subsidiaries or divisions of other companies. Additionally, companies must have been founded and generating revenue by 2004 with at least $200,000 and revenue in 2007 must have been at least $2 million.

“Our second annual Inc. 5000 continues the most ambitious project in business journalism,” said Inc. 5000 Project Manager Jim Melloan. “The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth.”
About AdvancedMD Software

AdvancedMD delivers a market-leading Software-as-a-Service (SaaS) medical practice management and billing platform to 13,000 providers and 270 billing service providers nationwide. Because AdvancedMD processes more than 1M claims per month for 85 specialties, the company is able to identify payer rule changes quickly and continuously adjust the software to reflect the changes, enabling successful claims performance. Customers achieve first-pass claim acceptance rates of 95 percent or better, compared to the national average of 70 percent. The company’s all-in-one solution eliminates hardware and software license purchases while customers enjoy the freedom of no long-term contracts and one all-inclusive monthly fee. This subscription includes unlimited phone and email support from a team of healthcare and billing experts, free online training, enterprise-class data center security, automated hourly offsite backups of patient data and 99.9 percent uptime. The user interface is intuitive and easy to learn, enabling employees to become proficient faster. Comprehensive HIPAA compliance exceeds the capabilities of client-server practice management software, especially in the areas of patient data protection and backup. AdvancedMD enables billing service providers with centralized management of multiple clients and virtual staff no matter where they are located across the globe. AdvancedMD clients recognize immediate improvements to their financial performance through timely and accurate claims processing with workflow efficiency. For more information, please visit www.advancedmd.com.

Source: AdvancedMD