Patient Placement Systems Contributes to JHS Growth
Nov. 30, 2004
ALPHARETTA, Ga. - Jackson Healthcare Solutions (JHS) has been named to Inc. Magazine's, 23rd annual Inc. 500 ranking of the fastest growing U.S. private companies. With four-year average annual revenue growth of 76.2 percent, JHS achieved total revenue growth of 305 percent between 2000 and 2003. Based on 2003 revenues of $78 million, JHS was the sixth-largest healthcare company, and the only Atlanta-area healthcare firm, on the 2004 list.
The company serves more than two million patients in more than 1,000 hospitals each year.
About Jackson Healthcare Solutions
Founded in 2000 by physician staffing pioneer Richard L. Jackson, Jackson Healthcare Solutions (www.jacksonhealthcare.com) addresses the two biggest challenges facing healthcare today: Finding the right medical professionals and delivering the right information at the right time. The JHS family of companies helps satisfy hospitals' needs for quality clinicians and for technology they can use to improve patient safety, operational efficiency and revenue capture.
"We're thrilled to be listed among some of America's most dynamic companies," Jackson Healthcare Solutions founder and CEO Richard Jackson said. "From the beginning, our mission has been to improve healthcare in the U.S. - from both people and technology perspectives. We work hard to stay ahead of industry trends and on the cutting edge of technology. We join an impressive list of companies - like Microsoft, Oracle, Timberland, Intuit and Domino's Pizza - that appeared on the Inc. 500 list before they became industry powerhouses."
Jackson Healthcare Solutions - which employs more than 225 people in Alpharetta, Ga., and 300 people nationally - is comprised of six operating divisions, each focused on specific healthcare business needs. The recruitment divisions are LocumTenens.com (www.locumtenens.com), which supplies supplemental physicians to hospitals and medical groups; Premier Anesthesia (www.premieranesthesia.com), which provides contract anesthesia staffing management; and Jackson & Harris (www.jacksonandharris.com), which recruits and places physicians in staff positions.
JHS' three information technology divisions are Surgical Information Systems (www.orsoftware.com), which provides information technology solutions dedicated to improving surgery quality, organization, delivery and outcomes; StatCom (www.statcom.com), which produces a web-based software solution for patient flow management; and Patient Placement Systems (www.patientplacement.com), which digitally connects each party involved in the process of referring and transferring patients from one facility to another via the web-based PPS Network.
2004 Inc. 500 Trends
With approximately 75 percent of all new U.S. job creation coming from small businesses, the Inc. 500 is a prescient indicator of the industries that are driving the economy forward. Eighty-five companies (17 percent) on this year's Inc. 500 say they plan to go public at some point.
The companies making this year's Inc. 500 list have thrived despite continued stagnation in the economy, posting average year-over-year sales growth of 265 percent. Inc. 500 companies posted aggregate 2003 revenue of $12.6 billion, and 82 percent of them were profitable. While the United States shed 410,000 jobs in 2003, Inc. 500 companies provided employment for more than 70,000 people.
"JHS has helped improve healthcare, both clinically and financially, in the face of a national clinician shortage and a trend toward increasing financial loss among U.S. hospitals," Jackson said.
The Particulars
The premier publication for small and medium-sized businesses, Inc. ranks privately held companies according to averaged year-over-year sales growth during the previous four years. To be eligible for this year's Inc. 500, companies had to:
• Be independent and privately held through their fiscal year 2003
• Post at least $200,000 in net sales in the base year of 1999 for Inc. 500 alumni, and of 2000 for new applicants
• Produce $2 million in net sales for 2003
• Exceed 2002 sales in 2003
Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.
The full Inc. 500 list is available online at http://www.inc.com.
CONTACT: Billie Wickstrom, wickstrom@locumtenens.com, (888) 657-9480 Ext. 1247
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