Modern Healthcare this week released its 2013 rankings of "Healthcare's Hottest" companies, recognizing 40 leading providers, payers, and suppliers on health care's fast track.
The magazine's "Hottest" recognition program honors the fastest growing suppliers, payers, hospitals, and physician groups in the industry as measured by revenue growth. Last month, the magazine announced the names of the 40 companies in alphabetical order.
For the list, organizations submitted financial documents through a nomination process. To be eligible, they were required to have generated a minimum of $20 million in annual revenue in their most recent fiscal year. The financial documents were analyzed by Modern Healthcare staff, and then independently assessed by accounting firm Katz, Sapper & Miller, and another unaffiliated accounting firm.
'Healthcare's Hottest,' by rank
"In an era when the health care industry is no longer growing faster than the rest of the economy, it takes something special to rack up double-digit or better gains for five consecutive years," writes Modern Healthcare's Merrill Goozner, adding that the 40 members of the "2013 class of Healthcare's Hottest met that criteria and more."
The hospital organizations on the list, by rank, include:
31. Capella Healthcare (Franklin, Tenn.);
32. McBride Orthopedic Hospital (Oklahoma City);
34. Jones Regional Medical Center (Anamosa, Iowa); and
35. Laser Spine Institute (Tampa, Fla.).
> > For member profiles of Modern Healthcare's "Healthcare's Hottest," click here.
Meanwhile, The Advisory Board Company ranked 39th on the Healthcare's Hottest list. According to chief financial officer Michael Kirshbaum, "The firm's ability to offer value to its network of members is commensurate with the growing number of complex challenges facing health care organizations" (Goozner, Modern Healthcare, 9/28 [subscription required]; Modern Healthcare, 9/28 [subscription required]; Modern Healthcare , 9/28 [subscription required]).
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