Recognition Among the Region's Leaders
ANNAPOLIS, Md., Sept. 29 -CBaySystems, a leading provider of transcription services to the healthcare industry, has been named for a third straight year to Deloitte's prestigious Technology Fast 50 Program for Maryland, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the state by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2001-2005.
"We're honored to be recognized once again by Deloitte's Fast 50 Program," said Christopher Foley, President, CBaySystems and Services, Inc. "Maryland has been a great place to grow our business and we're proud to be counted among the leaders in this region."
Foley credits CBay's commitment to improving the efficiency and quality of the healthcare industry as the reason for its success. "At CBay, we call it giving our customers a 'Worldclass Advantage'-leverage leading technology and global resources to provide high quality transcription, with the speed and efficiency that saves hospitals and physician practices time and money."
"To rank on Deloitte's Technology Fast 50, companies must have phenomenal revenue growth over five years," remarked Mr. Andrew Harris, Deloitte's Southeast TMT RIL Regional Managing Partner. "CBaySystems has proven to be one of the fast-growth success stories in Maryland, and we applaud their dedication to making their vision a reality."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.
Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Fast 500 programs, visit http://www.fast500.com.
Since it was founded in 1998, CBay has achieved consistent growth year after year, and has been acknowledged by some of the industry's leading publications and ratings institutions, including Forbes.com-Ten to Watch, Healthcare Informatics 100, Deloitte Technology Fast 500, and Inc. Magazine- One of the Fastest Growing Privately Held Companies in America.
Today, the company services thousands of leading hospitals, healthcare networks, medical clinics, and physician practices, including some of the most prestigious institutions in the world.
About CBaySystems
CBaySystems and Services Inc. is a leading provider of healthcare technology and business process outsourcing (BPO) services and the largest global provider of transcription services to the healthcare industry. CBay delivers fully integrated transcription and receivables management solutions that improve processes, lower costs, and ultimately help physicians to provide superior patient care. Using HIPAA-compliant web-based technologies, CBay's more than 5,000 highly-credentialed medical language specialists and customer service professionals deliver the highest quality medical documentation to thousands of clients.
Since 1998, CBay has been serving major health systems, hospitals, clinics and physician practices 24 hours a day, 365 days a year -- always with a commitment to the highest standards of quality and customer service. CBay is headquartered in Annapolis, Maryland. For more information, visit http://www.cbaysystems.com.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.
Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
For additional information, please contact
Jeannine de Richemond, Garfield Group
Tel: 215.867.8600 x224
jderichemond@garfieldgroup.com
