MEDSEEK Debuts as Deloitte’s 2009 Technology Fast 500™

[Lindsey Karberg]

MEDSEEK Debuts as a Fastest Growing Company in North America on Deloitte’s 2009 Technology Fast 500™

Attributes its 346 Percent Revenue Growth to Adoption of eHealth ecoSystem

Birmingham, Ala. – October 20, 2009 – MEDSEEK, the leading provider of healthcare enterprise portal connectivity solutions, announced today that it ranked number 455 in Deloitte’s Technology Fast 500™ program, based on the eHealth technology company’s phenomenal 346 percent fiscal year revenue growth over a five year period.

According to Deloitte, the ranking of the 500 fastest-growing technology companies in North America is intended to salute the efforts of those companies that rally behind innovation, break down obstacles and systematically defy the odds.

Peter Kuhn, MEDSEEK’s CEO, attributes MEDSEEK’s growth to the accelerating market demand for its eHealth ecoSystem™, a one-of-a-kind Web-based platform that leverages the power of the Internet to create a “virtual front door” for hospitals, redefining the healthcare experience for their constituents.

Kuhn explains, “MEDSEEK’s growth has been exponential, as hospitals have begun to realize they are competing not only with each other, but with more progressive industries such as banking and travel. In other contexts of their lives, healthcare consumers, ePatients, physicians and employees have grown accustomed to online conveniences, like instant access to information and self-service transactions. Yet, for many years, these constituents were forced to pick-up the telephone or the clipboard to interact with the health system. Today, MEDSEEK is changing all of that.”
More than 650 hospitals across North America have partnered with MEDSEEK to:

• Improve consumers’ and ePatients’ access to health resources, activities and tools that make it easier to stay healthy, or to live as near normal lives as possible, independent of any conditions that afflict them;

• Simplify clinicians’ abilities to access patient data and provide better and more timely care; and

• Provide employees with a communications platform that improves employee knowledge, job satisfaction, and the hospital’s overall quality of care.

Kuhn continued, “Our valuable clients have provided us the opportunity to develop innovative solutions that meet the world’s ever increasing demand for vital health information. It is the forward thinking leadership in these hospitals that has compelled us to leverage the Internet to continuously improve the way patients, families, physicians, employees and community members interact with the healthcare system, resulting in more cost-effective and higher quality care.”

“Technology Fast 500™ recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth,” said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate MEDSEEK on this accomplishment."

Kuhn concluded, “We respect the work of the healthcare experts at Deloitte, and are pleased with our debut on Technology Fast 500. We hope that this ranking will draw attention to the fact that numerous healthcare organizations have already adopted eHealth as a part of their culture and are now realizing significant benefits. With healthcare reform and the need to establish “meaningful use” of healthcare IT forcing the issue, healthcare organizations should know they don’t have to take unnecessary risks. Intelligence does exist about what, exactly, constituents want when it comes to an online experience. MEDSEEK is uniquely positioned to help.”

“With its impressive five-year growth, MEDSEEK has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America,” said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. ”Deloitte is proud to honor MEDSEEK for its achievement.”


Technology Fast 500™ Selection and Qualifying Criteria
Technology Fast 500™ provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This ranking is compiled from nominations submitted directly to the Technology Fast 500™ website, and public company database research conducted by Deloitte. Technology Fast 500™ award winners for 2009 are selected based on percentage fiscal year revenue growth during the five year period from 2004 to 2008.

In order to be eligible for Technology Fast 500™ recognition, companies must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues. Using other companies' technology or intellectual property in a unique way does not satisfy this requirement. Consulting companies, professional service firms, etc. are not eligible unless they have proprietary technology that contributes to a significant portion of their operating revenues.

Technology Fast 500™ award eligibility requirements also include base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. These revenues must have more than doubled between 2004 and 2008. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.


About MEDSEEK
Since 1996, MEDSEEK has focused exclusively on eHealth and creating a better experience for constituents across the healthcare enterprise, including consumers, patients, family members, physicians, employees and payers. The eHealth ecoSystem optimizes the healthcare experience for constituents by leveraging an organization’s existing IT investments and infrastructure to facilitate secure, timely information access and exchange. From our leading content management system used by more than 650 hospitals to innovative patient portals and our award-winning clinical portal, the eHealth ecoSystem’s browser-based technology removes traditional integration and communication barriers, creating a “virtual front door” for the hospital. For more information, visit www.medseek.com or call 888.MEDSEEK.


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.”

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CONTACT:
Janet Cabibbo
Amendola Communications for MEDSEEK
480.664.8412 x15
jcabibbo@acmarketingpr.com