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Ann Arbor's Cielo MedSolutions hits triple-digit growth in 2008
Concentrate, 2/11/2009
Cielo MedSolutions
growth is starting to break a few barriers, posting triple digit gains in 2008, bad economy or no.
The Ann Arbor-based company's revenues grew 300 percent while its base of clinician users jumped 400 percent. The number of clinical sites using the firm's software also increased 220 percent. That's a lot of percents!
The University of Michigan spin-off develops new software for the healthcare industry. That technology helps make sure doctors connect with their patients when its time for a checkup, test or treatment they might otherwise forget. It claims that the software, if used properly, can help cut down on unnecessary procedures and provide doctors with up to a 200 percent return on their investment.
The company employs about a dozen people today, but expects to multiply that number a couple of times over the next few years to keep up with its growth.
Source: Cielo MedSolutions
Writer: Jon Zemke
Entrepreneurship
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Software Design
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University Of Michigan
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