|By Business Wire||
|April 25, 2014 10:10 AM EDT||
ZeOmega Inc., the premier provider of software solutions for population healthcare management, today released 2013 performance results reflecting a year of unprecedented, award-winning growth marked by continued market expansion, product innovation, corporate development, and successful implementations. The company will leverage this momentum to further strengthen its position as a market leader in 2014.
“One of ZeOmega’s hallmarks has always been to anticipate market needs, and to have the necessary resources in place before opportunities present themselves,” said Sam Rangaswamy, founder and CEO of ZeOmega. “This proactive approach has fueled our success for over a decade, and we’re continually modifying it to ensure that our client relationships are mutually beneficial, seamless, and efficient. It has put us in the right place as a company, and has us well positioned to take our business to an even higher level in 2014.”
Continued Business Growth
Three major ZeOmega clients went live on Jiva in 2013, including a health plan covering more than 4 million lives that entered into an agreement earlier in the year. Several existing clients also successfully implemented additional Jiva capabilities to expand their population health management initiatives. Combined, new and existing ZeOmega clients deployed Jiva capabilities to manage more than 7.5 million additional covered lives in 2013.
Expanded ACO and Provider Market Presence
Along with its major Pioneer ACO client, ZeOmega’s solutions have been selected by a health system preparing to become an ACO in St. Louis and an Integrated Delivery Network (IDN) in Washington. The IDN, which is also a Shared Savings ACO, recently completed a successful Jiva go-live and plans to ultimately deploy the technology to its provider network.
Jiva Offering Expansion
ZeOmega continued to expand its offerings to accommodate the needs of the burgeoning accountable care market. The next Jiva release, scheduled for Q2 2014, will include several ACO-centric features, such as dashboards and registries for ACO, STAR, and other measures; an advanced clinical integration engine, care transitions content, and a continued expansion into medication therapy management.
ZeOmega added several key industry veterans to its executive management team in 2013 and early 2014, each of whom will play a crucial role in helping the company sustain its momentum and market growth. They include:
- Julie Sizemore, Vice President of Client Relations
- Matt Adamson, Vice President of Product Management for ACO and Value-Based Care
- Barry Zajac, Vice President of Product Management for Predictive Analytics
- Arie van den Akker, Vice President of Business Development
- Jeff Rush, Chief Technology Officer
- Steve Lerch, SVP, Sales & Marketing and Chief Financial Officer
Additionally, by the end of 2013, ZeOmega added nearly 150 employees, bringing its total workforce to more than 400, and expects to increase to 700 employees in the next 12 months.
To accommodate its continued expansion, ZeOmega announced that it will use $21.5 million in growth equity financing it received in 2013 to fund investments in infrastructure and personnel. The investment was led by a growth-focused private equity fund, along with ZeOmega’s existing investors.
Award Winning Results
ZeOmega’s continued revenue growth was recognized with several prestigious awards in 2013.
Inc. magazine named the organization to its seventh annual Inc. 500|5000 report, an exclusive ranking of the nation’s fastest-growing private companies. ZeOmega’s three-year sales growth of 232 percent placed it #1678 across all industries recognized, and #55 of 151 companies in the Dallas Metroplex.
The company also ranked #308 on Deloitte’s Technology Fast 500™ list of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. ZeOmega’s recognition resulted from 278 percent revenue growth during the period Deloitte used to determine the 2013 ranking.
ZeOmega placed #11 on the Metroplex Technology Business Council’s Annual Fast Tech Award listing of the top 35 tech companies by growth in North Texas, making it one of only five companies to appear on the list for three consecutive years. It previously ranked #13 in 2012 and #24 in 2011.
“What we achieved in 2013 sets us up very well for continued development in 2014 and beyond,” Rangaswamy said. “We set high goals for our company last year, and exceeded them almost across the board. 2013 was very rewarding, and we plan to build on that success in our effort to be the preeminent provider of technologies that allow healthcare organizations to excel in the post-reform environment.”
ZeOmega’s powerful population health management platform delivers high-value, strategic solutions enabling payers and care-delivery organizations to improve individual health and provider performance. With deep domain expertise and a comprehensive understanding of complex population health challenges, ZeOmega serves as a “true-north” partner for clients — offering flexible deployment and delivery models that leverage an innovative platform designed to integrate workflow, analytics, content and communication capabilities. By consistently meeting customer expectations and project benchmarks, ZeOmega has earned a sterling reputation in the industry for responsiveness and reliability. For more information, visit www.zeomega.com or call 214-618-9880. Follow ZeOmega on Twitter, LinkedIn or Facebook.
Trademark Information: ZeOmega and Jiva are registered trademarks or trademarks of ZeOmega Inc. or its subsidiaries in the United States and other countries. Other marks or brands may be claimed as the property of others.
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Feb. 20, 2017 05:45 PM EST Reads: 430
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
Feb. 20, 2017 05:30 PM EST Reads: 3,888
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
Feb. 20, 2017 05:30 PM EST Reads: 2,218
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
Feb. 20, 2017 05:15 PM EST Reads: 944
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Feb. 20, 2017 02:45 PM EST Reads: 426
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
Feb. 20, 2017 02:15 PM EST Reads: 1,088
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
Feb. 20, 2017 01:15 PM EST Reads: 391
Feb. 20, 2017 01:00 PM EST Reads: 10,048
In his general session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed cloud as a ‘better data center’ and how it adds new capacity (faster) and improves application availability (redundancy). The cloud is a ‘Dynamic Tool for Dynamic Apps’ and resource allocation is an integral part of your application architecture, so use only the resources you need and allocate /de-allocate resources on the fly.
Feb. 20, 2017 01:00 PM EST Reads: 843
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of D...
Feb. 20, 2017 01:00 PM EST Reads: 5,851
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Feb. 20, 2017 01:00 PM EST Reads: 1,197
Security, data privacy, reliability and regulatory compliance are critical factors when evaluating whether to move business applications from in-house client hosted environments to a cloud platform. In her session at 18th Cloud Expo, Vandana Viswanathan, Associate Director at Cognizant, In this session, will provide an orientation to the five stages required to implement a cloud hosted solution validation strategy.
Feb. 20, 2017 12:45 PM EST Reads: 4,294
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you...
Feb. 20, 2017 12:45 PM EST Reads: 1,021
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Feb. 20, 2017 12:45 PM EST Reads: 960
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain.
Feb. 20, 2017 12:30 PM EST Reads: 491