Credible Behavioral Health Ranked 181st Fastest Growing Company in North America on Deloitte’s 2015 Technology Fast 500™
Attributes Four Hundred Twenty-Five Percent Revenue Growth to a Skilled Team, Product Innovation, & Strong Brand
Rockville, Md. November 17, 2015 — Credible Behavioral Health today announced it ranked 181st on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Credible Behavioral Health grew four hundred twenty-five percent during this period.
Credible Behavioral Health’s Chief Executive Officer and Co-Founder, Matthew M. Dorman credits the growth to a skilled and motivated Team, continuous product innovation and the Partnership approach Credible follows. He said, “to be named to the Deloitte Fast 500 two years in a row speaks to the strength and growth of our Team. From front line service staff to mid and senior management, Credible is building a great team and a great company. We follow a simple model – create innovative software at a fair value that meets the Mission of improving the quality of behavioral health care.”
“Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology’s continued disruption and proliferation across industries,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. “It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year’s Fast 500 and look forward to seeing their continued growth into 2016.”
“Through the efforts and utilization of new and emerging technologies from these companies, we are witnessing greater business demands from across almost all industries,” added Jim Atwell, national managing partner of the emerging company practice, Deloitte & Touche LLP. “We look forward to the opportunity to serve these companies as they strive to grow to the next level – be it towards introducing new solutions or entering new markets – and with it make important and long lasting impressions on the technology market as a whole.”
Credible Behavioral Health previously ranked 258th as a Technology Fast 500™ award winner for 2014.
Overall, 2015 Technology Fast 500™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 to 2014, with an average growth of 850 percent.
About Deloitte’s 2015 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Credible Behavioral Health
Credible Behavioral Health provides Behavioral Healthcare Enterprise software specific to the growing US Behavioral Health (Mental Health and Substance Abuse) market. A leading SaaS vendor, Credible’s configurable Behavioral Health Electronic Health Record (EHR) is HIPAA compliant, Meaningful Use Stage II certified, and processes annually over $2,000,000,000 in Medicaid, Private Insurance, and Medicare claims. Credible’s current functionality includes fully integrated clinical, scheduling, employee management, treatment planning, security, ePrescribing, eLabs, mobile, advanced reporting, and billing modules. Credible’s secure, proven, easy to use software for clinic, community, residential, and mobile care providers, leads the industry in innovation and customer service while following a focused approach on state-specific markets.