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Kareo named to Forbes' Most Promising Companies list

The software startup is recognized for rapid growth in sales and hiring

by Karina AlexanderPublished: February 12, 2013 09:15 AM

Irvine-based Kareo Inc., a cloud-based medical software company, has been named one of Forbes’ “Most Promising Companies.” Kareo was ranked 58 of 100 privately held, high-growth companies.

Kareo has grown rapidly since its start and serves over 17,000 medical practices with its software. Small practices depend on the affordable technology to manage their daily operations and billing needs. This allows the medical services to focus on patient care rather than managerial tasks. The company recently received $20.5 million in funding, the introduction of Kareo Billing Services, and the expansion of its leadership with the recent hiring of a chief marketing officer.

Dan Rodrigues, founder and CEO of Kareo, was delighted with the honor and attributed the success to his company’s hardworking team.

"It is an honor to be named to this prestigious list comprised of some of the most dynamic companies in the U.S.," said Rodrigues. "This achievement speaks to the commitment, focus, and success of the Kareo team in delivering solutions valued by small medical practices. Our team understands that the better we do our jobs, the better our customers can do theirs, namely delivering outstanding patient care."

Forbes reviewed thousands of applications for consideration for the list over a six-month period. The final assessment was based on growth in sales and hiring, quality of management team and investors, margins, market size and key partnerships. After confirming sales and speaking with the companies, Forbes compiled the list.

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