Fastest-growing Real-Time Location Systems(RTLS) company attributes 1,042 percent revenue growth to its innovative Clinical-Grade Visibility Solutions™, which enable workflow efficiencies, cost reductions, and improved patient care in healthcare.
(Newtown, PA – November 20, 2013) — CenTrak announced today that it ranked No.129 on Deloitte’s Technology Fast 500™-- a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
"The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “This year’s list is a who’s who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.” Overall, 2013 Technology Fast 500™ companies achieved revenue growth ranging from 137 percent to 208,897 percent from 2008 to 2012. CenTrak grew 1,042 percent during this period.
CenTrak’s President and CEO, Dr. Ari Naim, credits the company’s 1,042 percent revenue growth to the demand for its innovative Clinical-Grade Visibility Solutions. During a period of increasing financial pressureon the healthcare industry,CenTrak’sRTLS is essential because it addresses workflow inefficiencies and generates cost reductions, while improving patient care. These benefits, in addition to being awarded several large accounts, have helped CenTrak achieve the title of fastest growing healthcare RTLS provider. In fact, the largest implementation in the industry is currently being deployed as a result of the US Department of Veteran Affairs decision to standardize on CenTrak’s RTLS. The VA deployment began this year and will include 152 medical centers, all of its major outpatient pharmacies and 1,400 ancillary clinics.
Dr. Naim says, “What makes CenTrak unique is our versatile and open infrastructure. With continued efforts toward the innovation of products and services, CenTrak is focused on delivering the latest technology to assist healthcare facilities deliver improved patient care at a lower cost. Our Clinical-Grade Visibility Solutions automate hundreds of existing applications, and enable new and exciting functionality. The system’s “universal infrastructure” empowers end-users and ensures that all stakeholders receive the most from their RTLS investment. CenTrak’s partner-driven model adds value by leaving the decision-making power within the hands of hospitals, allowing them to select independently which healthcare applications are best suited to harness their facility’s location data.”
“The fastest growing companies in the US are drivers of constant innovation and operate with the agility to stay ahead of a quickly evolving marketplace, and software, biotech/pharma and internet companies continue to be at the forefront,” added James Atwell, national managing partner of the Emerging Growth Company practice, Deloitte Services LP. “The companies excelling in these sectors have a startup mentality that allows them to be nimble and adapt quickly, which is why they consistently lead the list of fast-growing companies each year.”
About Deloitte’s 2013 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have 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. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.
CenTrak® is the leading provider of precise, versatile, and cost-effective location solutions for healthcare. CenTrak’s Clinical-Grade Visibility™ platform delivers unmatched accuracy, speed, performance and power-efficiency making it a smarter technology investment. CenTrak’s Gen2IR™ technology delivers certainty-based location data, a requirement for workflow and other key healthcare management applications. CenTrak is currently deployed at hundreds of world-class healthcare facilities in the US, Asia, Europe and the Middle East. www.centrak.com
Clinical-Grade Locating™, Clinical-Grade RTLS™, and CenTrak® are registered trademarks of CenTrak Inc.