Awarepoint, the largest real-time location system (RTLS) corporation dedicated exclusively to healthcare, today announced it ranked No. 7 among "medical device" companies on Deloitte's Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Awarepoint, which grew 1,017 percent during this period, was ranked No. 132 overall by Deloitte, which classifies companies in nine broad categories.
Awarepoint Chief Executive Officer Jay Deady credits strong industry interest in RTLS technology and Awarepoint's strategy of providing the industry's most complete solution with the company's 1,017 percent revenue growth. "Breaking into the top third of Deloitte's Technology Fast 500 underscores the need for a solution like Awarepoint that helps healthcare organizations add efficiency and reduce the cost of care. To succeed under health reform, organizations will need to refine their operations to drive cost reductions, increase labor efficiency, and improve patient satisfaction. Our clients have documented significant improvements in all of these areas, while also realizing a return on investment of 300 to 700 percent, which has positioned Awarepoint as one of the fastest growing companies in healthcare."
Awarepoint's patented aware tracks and documents the location and interaction of patients, caregivers and equipment throughout the hospital enterprise -- including complex, fast-paced environments like surgery and emergency departments. Its analytics and reporting capabilities deliver actionable data that enable hospitals to increase safety, eliminate equipment bottlenecks, lower bed turnover times, improve patient throughput, reduce capital purchases and optimize patient and staff satisfaction.
The aware360°Suite is the industry's only complete RTLS solution that integrates software, technology and managed services on a single, cloud-based platform. This turnkey approach minimizes the need for hospitals to tap busy IT staff and support resources. Other Awarepoint market differentiators include:
Exclusive focus on the healthcare industry 30-45 day deployments, the fastest in the industry Standards-based technology that is very low maintenance and doesn't interfere with mission critical WiFi networks The only company that will contractually guarantee accuracy Rapid, documented return on investment Extensible platform that delivers early value while supporting the incremental expansion of RTLS solutions over time Business intelligence that provides insight for process improvement initiatives 26 patents -- three times the number held by the nearest competitor Single point of contact for hardware, software, service and maintenance needs
These competitive advantages -- combined with industry leadership -- have helped Awarepoint attract a blue-chip client list that includes organizations recognized by industry benchmarking organizations for their commitment to quality, technological innovation and a progressive work environment. Indeed, 49 percent of Awarepoint clients are nationally ranked on US News and World Report's list of High Performing Hospitals, recognized by the American Nurses Credentialing Center (ANCC) as a Magnet Facility, achieved the Health Information Management Systems Society (HIMSS) Analytics Stage 7 Award for EMR adoption, and/or received the Hospitals and Health Networks' 2013 most wired Award.