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MPV Ranked Number 281 Fastest Growing
Company in North America on Deloitte's 2007 Technology Fast 500
AUSTIN,
Texas.
November 6, 2007
Medical Present Value,
Inc. (MPV) today announced that it ranked Number 281 on Deloitte's
2007 Technology Fast 500, a ranking of the 500 fastest growing
technology, media, telecommunications and life sciences companies
in North America. Rankings are based on the percentage of fiscal
year revenue growth over five years, from 2002–2006.
MPV grew 562 percent during this period. Tom Stampiglia, CEO of
MPV, credits client success and a dedicated service approach with
the company's 562 percent revenue growth
over the past five years. He said, "This recognition is further
testament to our payor contract, reimbursement and claims valuation
expertise. By collaborating with our physician practice clients
to maximize the performance and return on their payor contracts,
they increase revenue and overall revenue cycle efficiency."
"Deloitte's Technology Fast 500 recognizes technology companies
who have achieved extraordinary growth in North America's most
innovative and competitive sectors," said Phil Asmundson,
vice chairman, U.S. Technology, Media and Telecommunications, Deloitte & Touche
USA LLP. "We congratulate MPV on this significant accomplishment."
In
addition to ranking on Deloitte's Technology Fast 500, MPV ranked
24 on the Texas Technology Fast 50, which is a ranking of
the 50 fastest growing technology firms in the state of Texas.
Overall, companies that ranked on the 2007 Technology Fast 500
had growth rates ranging from 253 to 79,060 percent over five
years, with an average growth rate of 1,823 percent.
Fast 500 Selection
and Qualifying Criteria
The Fast 500 ranks the fastest growing
technology, media, telecommunications and life sciences companies
in North America. It is compiled from
Deloitte's 16 regional North American Fast 50 programs, nominations
submitted directly to the Fast 500, and public company database
research. Companies are selected based on percentage revenue growth
from 2002 to 2006.
Entrants must own proprietary intellectual property
or proprietary technology that contributes to a significant portion
of the company's
operating revenues or devote a significant proportion of revenues
to research and development of technology. Using other companies'
technology or intellectual property in a unique way does not
qualify. Base-year operating revenues must be at least $50,000
USD or $75,000
CD, and current-year operating revenues must be at least $5 million
USD or CD. Companies must be in business a minimum of five years,
and they must be headquartered within North America.
About MPV
MPV provides medical groups with financial
tools and expert consultative services to monitor payor performance;
verify reimbursement; reduce
registration, coding and posting errors; negotiate better contracts;
and improve overall cash flow. Serving more than 22,000 physicians
nationwide, MPV gives clients better control of their payor contracts,
improves workflow efficiency and strengthens the bottom line. For
more information, please visit www.mpv.com.
About Deloitte
Deloitte refers to one or more
of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms,
and their respective subsidiaries
and affiliates. Deloitte Touche Tohmatsu is an organization of
member firms around the world devoted to excellence in providing
professional services and advice, focused on client service through
a global strategy executed locally in nearly 140 countries. With
access to the deep intellectual capital of approximately 150,000
people worldwide, Deloitte delivers services in four professional
area, audit, tax, consulting, and financial
advisory services, and serves more than 80 percent
of the world's largest companies, as well as
large national enterprises, public institutions, locally important
clients, and successful, fast-growing global companies. Services
are not provided by the Deloitte Touche Tohmatsu Verein, and, for
regulatory and other reasons, certain member firms do not provide
services in all four professional areas.
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