Business News
Rising Medical Solutions Tops the Private Company Index for Second Consecutive Quarter
2008-08-15 08:47:00
CHICAGO, Aug. 15 /EMWNews/ -- Rising Medical Solutions, Inc. (Rising), a leading medical cost containment and care management organization, has earned the number one slot on the Private Company Index (PCI) "Top Growth Companies" list for Q2 2008 -- a distinction that directly follows its top ranking on the same high-growth listing for Q1 2008. The PCI listing, published by Entrex, Inc., is generated each quarter by PCI analysts who review revenue data for its portfolio companies and identify those that represent the greatest quarter-on-quarter growth (current quarter versus the same quarter in the previous year). In this latest reporting of PCI honorees, Rising leads the high-growth pack with its 86.2% increase in quarter-on-quarter revenue. Overall, the "Top Five Growth Companies" for Q2 2008 experienced an average quarterly revenue increase of $1.6 million and a median quarter-over-quarter growth of 56%. In addition to topping the PCI portfolio in back-to-back quarters, this achievement marks Rising's third quarter in a row as a PCI honoree. Comments Stephen H. Watkins, CEO of PCI sponsor company Entrex, "With Rising's third consecutive Top Five Growth award, they are indeed a stand out among the Entrex Private Company Index participating companies. They have shown consistent growth, proven by the three years of revenue data we have on the company. Since joining, they have quadrupled in size and become a significant player in their sector -- proving that private businesses are the hidden economic and employment engine of our economy. Kudos to Rising's leadership and organizational teams on their effectiveness at managing exponential growth." "Our company's desire to excel as a means to revolutionize the healthcare industry for every person in this country is the driving force behind what we do," says Rising CEO Jason Beans. "Achieving successive PCI accolades is great validation that we are on the right path and these rankings, combined with our competitive spirit, are one of the many things that will keep us striving to maintain our high-growth trajectory."
About the Private Company Index (PCI) The Private Company Index (PCI) (http://www.privatecompanyindex.com), published monthly by Entrex, Inc. (http://www.entrex.net), is a proprietary benchmarking tool that measures revenue performance and activity in the $250 million or less private company sector. The PCI is recognized by investment professionals and financial media as a leading and authoritative source on private company revenue performance. The PCI allows for objective business activity measurement, historical analysis, comparison, and predictive forecasting. About Rising Medical Solutions, Inc. Headquartered in Chicago, Illinois, Rising (http://www.risingms.com) is a leading medical-financial solutions organization that services the auto, workers' compensation, and liability markets. Through its comprehensive medical cost containment and care management programs, Rising provides compelling business outcomes to clients nationwide, including insurance carriers, self-insured employers, government organizations, third party administrators, and attorneys. Media Contact For more information, contact Rachel Racz at [email protected] / 877-747-4644, x5893.
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