XIFIN ranked #1,447th on Inc. 5000 list of fastest-growing private companies

XIFINAug 30 2010

XIFIN Inc., the leading provider of revenue cycle management for diagnostic service providers, today announced that the company has been named to the 2010 Inc. 5000 list of fastest-growing private companies for the fourth consecutive year, ranking 1,447th. The company ranked No. 96 in Top Software Companies, and No. 34 in Top Companies in the San Diego Metro Area. The list is widely regarded to include the most innovative and entrepreneurial companies in the nation.

“The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”

XIFIN leapfrogged more than 1000 points above its previous rank of 2,613 in 2009. "Being included by Inc. 5000 four years in a row is a tremendous honor and validates the growing demand for revenue cycle management solutions that focus on the unique reimbursement requirements of diagnostic service providers," said Lale White, CEO of XIFIN. "XIFIN's consistent placement and strong ranking recognizes the value of our products and services and dedication of our employees and customers."

XIFIN develops financial management software that helps diagnostic service providers, including seven of the industry's 10 largest clinical labs, automate the billing process, improve cash collections, better manage medical claims filing and reduce the costs associated with regulatory compliance. XIFIN's service model includes partnership and advocacy on behalf of both early stage and leading laboratories and molecular diagnostic companies involved in technologies that advance personalized medicine.

"The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."

XIFIN's solution is provided through a "Software-as-a-Service"(SaaS) model which provides 24/7 access via the Internet with no capital investment or upfront costs. The management of electronic files is completely eliminated and the software is always at the latest version with the most recent payor rules, settings and regulatory configurations.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria can be found on www.inc.com/5000.