Small Town Company Thrives Against All Odds
SIERRA MADRE, Calif., Aug. 31, 2011 /PRNewswire/ -- In the quaint little town of Sierra Madre, one budding business just joined the ranks of companies such as Microsoft and Oracle. By helping hospitals all over the country, Wound Care Advantage has reached #316 on Inc. Magazine's "500" list of the nation's fastest-growing companies. The recognition comes despite a volatile healthcare industry and down economy. They were ranked #1,190 just one year ago and are the only wound care company to make the 2011 list. Wound Care Advantage is thriving by helping hospitals keep their doors open to fight the crippling complications of a deadly disease - diabetes.
According to the Centers for Disease Control, diabetes is the seventh leading cause of death. Currently, 60 million Americans are prediabetic. Diabetes and other growing conditions are leading to chronic wounds. Chronic wounds affect more patients than heart attack and stroke victims combined. These non-healing wounds account for $20 billion in healthcare expenditures and over 150,000 amputations every year. Wound care centers around the country are being overwhelmed with this challenge as the recession and an unpredictable industry give them a run for their money.
Wound Care Advantage is helping these medical centers fight back by providing them with financial planning, management, marketing, as well as equipment and training on new wound healing techniques. WCA's hospitals retain some of the highest profit margins in the industry while simultaneously healing patients faster than ever before.
The company's success is in large part due to their emphasis on technology. The company's implementation of hyperbaric oxygen therapy among other techniques has achieved an average healing time of 34 days for wounds that traditionally took months to heal or resulted in amputation. Their Cloud Wound Care technology has cut costs and improved efficiency; it puts everything from electronic medic