MPV Ranked 177th Fastest Growing Company in North America on Deloitte's 2006 Technology Fast 500.
AUSTIN, Texas -- Medical Present Value, Inc. (MPV), a leading provider of financial tools and expert services to manage payor contracts and audit reimbursement, today announced that it ranked Number 177 on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. MPV grew 964 percent during this period.
MPV's CEO, Tom Stampiglia, credits the company's dedication to client success and innovative combination of services and technology with the company's 964 percent revenue growth over the past five years. He said, "This recognition is a testament to our payor contract expertise and sophisticated claims valuation capabilities. By partnering closely with our medical group clients to maximize the performance of their contracts and help ensure accurate payment, they are able to identify and appeal underpayments, better negotiate future contracts and improve overall financial performance."
"Sustaining high revenue growth over five years is an exceptional accomplishment. We commend MPV for making the commitment to technology and delivering on the promise of market longevity," said Tony Kern, deputy managing principal of Deloitte's Technology, Media & Telecommunications industry practice. "We are proud to honor MPV's ranking on the Deloitte Technology Fast 500 list."
In addition to ranking on Deloitte's Technology Fast 500, MPV ranked 19th on the Texas Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Texas.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2001 to 2005.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
MPV provides medical groups with financial tools and expert consultative services to monitor payor performance, verify reimbursement, reduce registration, coding and posting errors, negotiate better contracts and improve overall cash flow. Serving more than 27,000 physicians nationwide, MPV gives clients better control of their payor contracts, improves workflow efficiency and strengthens the bottom line. For more information, please visit www.mpv.com.
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|Date:||Oct 19, 2006|
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