Austin-based electronic health record vendor sees investment in client future pay off.
AUSTIN, TX – eMDs, a leading provider of electronic health records (EHRs), is proud to announce another year of increased revenue and continued employee growth. Over the past year, eMDs increased revenues by over 20% and their employee count by 10%. Since 2007, the company has experienced an average increase in annual revenue of more than 20%. eMDs was profitable in 2011 and maintained substantial cash reserves despite investing nearly 40% of its annual revenue into research and development, a trend that has been in place for the past seven years. The company anticipates significant growth will continue through 2012, partially based upon eMDs’ industry leading success with helping users attain tens of millions of dollars in Meaningful Use incentive funds.
Beyond internal growth, the company saw its user base expand among specialty clinics and larger enterprises deploying a new or replacement solution under STARK or similar arrangements to owned or affiliated community physicians. eMDs products support enterprise clients in excess of 100 physicians as well as numerous smaller practices. Specialty and multispecialty clinics have been a source of significant growth over the past several years. eMDs attributes this growing demographic of users to the ease of use and interoperability of their product as well as their significant financial investment in research and development to insure their product offers the latest advancements in HIT. The company was the first to achieve Meaningful Use certification for all 44 Clinical Quality Measures, meaning that many non-primary care physicians can use the product to take advantage of incentives.
To accommodate their growing number of employees, eMDs expanded their Austin, TX headquarters. The company has also increased its government relations department in pursuit of broadening its national informatics and policy initiatives and working with more government funded entities such as Regional Extension Centers (RECs) and Health Information Exchanges (HIEs) across the country.
“We are pleased to have experienced continued success in 2011; it has enabled us to invest in new products and features that will benefit our customers and the patients they serve,” said Dr. Michael Stearns, President and CEO of eMDs. “We will continue to provide our clients with innovative approaches to technology based on a physician centric approach to EHR development. We are thankful to our loyal and growing customer base for allowing us to make their practices more efficient and secure.”
eMDs is a privately held company with no external debt. The company’s financials are prepared in accordance with GAAP and are independently audited.
For more information on eMDs, please visit www.e-mds.com.
eMDs is a leading developer of integrated electronic health records and practice management software for physician practices and enterprises. Founded and actively managed by physicians, the company is an industry leader for usable, connected software that enables physician productivity and clinical excellence. eMDs software has received continual top rankings in physician and industry surveys including those conducted by members of the American Academy of Family Physicians, KLAS®, and AmericanEHR™ Partners. eMDs has a proven track record of positioning clients for success as demonstrated by Meaningful Use attainment in 2011. eMDs clients attained the highest attestation proportion among all major vendors as of January 24, 2012. For more information, please visit www.e-mds.com, facebook, and twitter.