September 20, 2007
Rehab Documentation Company Inc, (ReDoc), a provider of computerized documentation for physical, occupational and speech therapists, has been named to the Music City Future 50, characterized as "the most coveted business list in Nashville," by a ReDoc news release.
The Music City Future 50 Awards are presented each year by the Nashville Chamber of Commerce to recognize the area’s fastest growing small businesses. ReDoc reports this is the fifth consecutive year the company has been named to the list, establishing ReDoc as a member of the Music City Future 50 Hall of Fame.
“We are delighted to receive this distinction from the Nashville Chamber of Commerce for the fifth straight year,” Gerry Stone, founder and CEO of ReDoc, says. “Nashville is a hotbed of growth in the healthcare industry, so it is a true honor to have ReDoc recognized as one of the best in the business. Our company’s induction into the Music City Future 50 Hall of Fame is a testament to the power of our product and the dedication and expertise of our team.”
In 2002, the company had eight employees. Today, however, ReDoc reports it employs 28 workers and expects to make five new hires by the end of the year. The company also reports revenue has increased an average of 135% year over year for the same period.
To earn a nomination to the list a company must meet revenue projections and employee growth targets.
“We expect substantial growth over the next five years” Stone says. “The market is largely untapped, as over 80% of all therapists are still handwriting clinical information on forms or using expensive and inefficient transcription.”
According to a ReDoc source, the company’s systems are currently used in more than 1,100 privately-owned and hospital-based outpatient rehab clinics.
Source: Rehab Documentation Company Inc.
