Press Release
CBay features in the US Top 100 list of revenue earners.
Mumbai: The highly acclaimed US based Healthcare Informatics magazine, in its June issue, listed CBay in the 100 top companies in their annual rankings of the healthcare IT companies by revenue. Collectively, these companies sold over $ 20 billion in IT products and services to health plans, provider organizations and other business entries spread across the US. CBay’s distinction was to get featured in the top 20 companies who showed significant increase of revenues – 20 percent or more – over the previous year. CBay currently ranks at number 58 in the 2006 rankings from number 76 it held last year.
“The rankings in the Healthcare Informatics 100 is a testament to the remarkable growth and success of CBay Systems”, said Mr. Raman Kumar, Chairman and CEO of CBay Systems. “We are focused on delivering best customer experience and our domain expertise in the healthcare services which got us to this position. We will continue to invest in newer technologies that will allow us to provide better value to our customers and aim to be in the top 50 next year.”
Healthcare Informatics is owned by the Vendome Group LLC and is a leading publisher of trade journals for the healthcare sector in the United States.
Established in 1999, CBay has grown to provide customized technology and services solutions to over 650 healthcare provider clients in the US. Already the third largest company in medical transcription technology and services in North America, CBay is now diversifying its technology based service offering to healthcare receivables management. Its growing market presence has been reinforced by the various recognitions that have been bestowed upon it recently – ranked as one of the fastest growing technology companies in North America by Deloitte’s ‘Technology Fast 50’ and ‘Technology Fast 500’ program for 2004 and 2005; named to the coveted Inc.500 list by Inc. magazine; named ‘Tech company of the year’ for 2005 by the Anne Arundel Tech Council; named one of the fastest growing companies in Greater Washington by Washington SmartCEO magazine and the listings in the Healthcare Informatics magazine . CBay is by far the largest healthcare BPO company in India.
| 20 Largest Revenue Percentage Increases |
|||||
| Rank 2006 |
Rank 2005 |
Company Name |
2005 Revenue |
2004 Revenue |
Top Growth |
| 12 |
3 |
Agfa Corporation |
507.00 |
304.00 |
67% |
| 39 |
67 |
SXC Health Solutions, Inc |
54.12 |
33.04 |
64% |
| 34 |
56 |
Emageon |
73.79 |
45 80 |
61% |
| 37 |
55 |
Picis |
59.96 |
37.30 |
61% |
| 21 |
35 |
Cognizant Technology Solutions |
176.10 |
116.37 |
51% |
| 65 |
92 |
Passport Health Communications, Inc |
25.50 |
17.36 |
47% |
| 1 |
1 |
Cardinal Health |
2,190.00 |
1,560.00 |
40% |
| 49 |
72 |
MEDecision, Inc |
38.22 |
27.42 |
39% |
| 19 |
28 |
Spheris |
209.03 |
152.70 |
37% |
| 33 |
37 |
Allscripts |
74.95 |
56 04 |
34% |
| 29 |
43 |
CPSI |
108.80 |
82.66 |
32% |
| 57 |
77 |
Dairyland Healthcare Solutions |
32.00 |
25.00 |
28% |
| 2 |
6 |
Affiliated Computer Services (ACS) |
1,520.00 |
1,200.00 |
27% |
| 69 |
94 |
TeleVox Software, Inc |
23.44 |
18.62 |
26% |
| 31 |
46 |
NextGen Healthcare/Quality Systems, Inc |
88.96 |
70.93 |
25% |
| 6 |
9 |
Cerner Corporation |
1,160.80 |
926.40 |
25% |
| 43 |
57 |
PDS |
48.13 |
38.63 |
25% |
| 58 |
76 |
CBay Systems & Services Inc |
31.72 |
25.53 |
24% |
| 14 |
19 |
Eclipsys |
383.30 |
309.10 |
24% |
| 66 |
91 |
InfoLogix, Inc |
25.00 |
20.50 |
22% |
For additional information contact:
Deepak Nair
Tel: +91-22-6641-7548
deepak.nair@cbayindia.com
www.cbaysystems.com.