KELOWNA, BC, June 6, 2013 /CNW/ - (TSX-V: QHR) QHR Technologies Inc. ("QHR") a leader in the Healthcare Information Technology sector, is pleased to announce that it has been recognized by PROFIT 500, as one of Canada's Fastest-Growing Companies. Published in the summer issue of PROFIT Magazine and online at PROFITguide.com, the annual PROFIT 500 ranks Canadian businesses by their five-year revenue growth.
PROFIT 500 ranked QHR 164th, out of the 500 fastest growing companies in the country, growing revenues from $5.8m in 2007, to $29.5m in 2012, an increase of 400%. In addition, QHR is listed as the 14th fastest growing Software Development Company overall, among the country's most successful growth companies.
"To be recognized as one of Canada's Fastest-Growing Companies is a testament to the talented and hardworking team we have at QHR," says Al Hildebrandt, CEO of QHR. "Achieving a place on the PROFIT 500 is an honour and we are thankful to our customers and employees for helping us attain this position."
The PROFIT 500 is Canada's largest annual celebration of entrepreneurial achievement, ranking Canada's Fastest-Growing Companies by five-year revenue growth-nationally, regionally and by industry.
"To celebrate the 25th anniversary of the Fastest-Growing Companies in Canada, the PROFIT 500 has expanded to recognize the entrepreneurial achievements of more than 500 Canadian companies," says Ian Portsmouth, Publisher and Editor-in-Chief of PROFIT Magazine.
"Our dedication to our clients' businesses, industry best practices and endless passion for the development of exceptional software, propels us forward as we continue to be leaders in the healthcare sector," added Hildebrandt.
For more about the PROFIT 500, visit: www.profitguide.com/microsite/profit500
For more about the Fastest-Growing Software Companies, visit: www.profitguide.com/microsite/profit500/2013-software
About PROFIT and PROFIT 500
PROFIT is Canada's leading media brand dedicated to entrepreneurial business. For 30 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change.
No organization does more to recognize, celebrate and reward Canadian entrepreneurs than PROFIT. PROFIT's rankings and awards program create great opportunities for entrepreneurs to build their businesses—and for B2B enterprises to make profitable connections with the entrepreneurial community.
About QHR Technologies Inc.
QHR is a leader in quality and technology, providing software and services in the following markets:
In the Electronic Medical Records (EMR) market, QHR offers a suite of medical software modules that provide computer-based medical records for family physicians, medical specialists, and surgeons, as well as administrative modules for billing and patient scheduling, that is a key component of the move throughout Canada to provide electronic healthcare records for all Canadians. QHR also provides on-site and off-site (ASP) hosting capabilities for the EMR market.
In the Enterprise Management Solutions (EMS) market, QHR specializes in workforce management software, which consists of integrated payroll, staff scheduling and human resource software, and in customized financial management software built on the Microsoft Dynamics GP platform. These products are targeted at complex healthcare, social services and public safety environments.
In the healthcare Revenue Cycle Management (RCM) market, QHR provides best in class clearinghouse services, with over 1,500 payers, which assist US health care providers to exchange claim information that ensures accurate revenue management. QHR provides a progressive medical billing service that outsources coding, payer reconciliation and revenue reporting. QHR's software also supports employer health plan enrolment, employee health plan eligibility and health care interoperability through a 5010 standard based EDI gateway.
This news release does not contain any "forward looking statements" within the meaning of applicable Canadian securities legislation. Further information on the Company is available at www.sedar.com or at the Company's website, www.QHRtechnologies.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: QHR Technologies Inc.
For further information:
VP Marketing & Communications
QHR Technologies Inc.