Scottsdale, Arizona’s GlobalMed comes in at #95 on the Inc.500 list and is named on of the hottest growth companies by Modern Healthcare.
In July of 2012, GlobalMed, the industry leader in real-time telemedicine products and services,was recognized in Modern Healthcare with its brand new Healthcare’s Hottest award. The magazine’s Healthcare’s Hottest program recognizes the fastest growing healthcare companies that are headquartered in the U.S., have at least $20M in revenue for 2011 and have been in business for five years or more.
In August 2012, the company took the #95 spot on the Inc. 500 list with a reported:
- 94 employess
- $26.3 Million in Sales
- 3094% growth in sales over a 3 year period.
About Global Med:
Founded in 2002, GlobalMed systems help control costs and allow practitioners to provide quality healthcare to areas where it hasn’t been accessible or convenient for patients. Telemedicine continues to be one of the few recession-proof markets for any business due to the increase in cost consciousness and budget control concerns among end users. Up to 70% of doctor office visits and 40% of emergency room visits are unnecessary. Many of these conditions can be handled effectively with a telemedicine solution.
“We have designed systems that can make healthcare available to millions more in the United States as well as around the world,” said Joel E. Barthelemy, Managing and Founding Director of GlobalMed. “This award draws attention to the fact that healthcare decision-makers are looking to our company to provide them with the solutions that meet their needs.”
A new report conducted by Insight Research of Mountain Lakes, N.J., projects that growth in the health communications and IT industry will outpace growth in the U.S. healthcare industry over the next five years. The healthcare industry is expected to grow significantly, with a predicted expansion of 6.4 percent per year until 2017. However, the money spent on telecommunications and IT is projected to surpass even that, with a predicted annual growth rate of 9.7 percent – bringing the total spent on telecommunications and IT to a whopping $14.4 billion by the year 2017.
Growth in the telemedicine industry has skyrocketed in recent years, due in part to rapid innovations in wireless communications technology over the past decade. Global Med’s growth is a great example of this industry trend,
Today’s patients are technologically savvy and they expect their health care providers to be the same. That is why telecommunications and IT providers who can offer the wireless and broadband access, electronic monitoring, data storage, and other IT capabilities required by health care providers in order to implement the telemedicine programs their patients expect will benefit most from this projected growth.
GlobalMed’s award-winning, products, services and intellectual properties exceed even the most challenging requirements for access, mobility and cost-effectiveness.