Business publication names Sacramento's fastest-growing company.

2004 NOV 8 - (NewsRx.com & NewsRx.net) -- Healthcare business technology developer MedInitiatives has been named the fastest growing company in Sacramento by the Sacramento Business Journal in its 11th annual list of The 100 Fastest Growing Companies. MedInitiatives topped the list the first year it was eligible, due to its 1,100% growth from 2001 to 2003, and it was one of only two companies on the list to show growth over 300%.

"We are honored to receive this recognition," said Matt Simas, MedInitiatives president and CEO. "This recognition of our fast-track growth reflects our highly talented and very focused employees, our unparalleled technology and our ability to meet customer and market needs."

MedInitiatives designed and built a customizable Web-deployed data warehouse application that integrates healthcare data from various source systems and delivers actionable information to health care professionals via secure and encrypted Internet session.

Through a high-powered, multi-tiered data warehouse and portal architecture optimized for data analytics, MedInitiatives delivers key information in a simple point-and-click environment designed for healthcare business users. MedInitiatives built its business intelligence technology for healthcare as an alternative to creating a piecemeal in-house solution, thereby significantly reducing development risks and costs and expediting time to value. Business rules and processes have been pre-developed and are customized for each client's unique requirements.

To qualify for the Fastest-Growing 100, companies must meet minimum revenue requirements; must have shown revenue growth from 2001-2002 and from 2002-2003; and must be locally based and not a subsidiary of another entity.

This article was prepared by Biotech Business Week editors from staff and other reports. Copyright 2004, Biotech Business Week via NewsRx.com & NewsRx.net.