Health Care Startup Expecting More Growth

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An Indianapolis-based health care technology company is on pace to generate $10 million in revenue this year, and believes business could triple next year. hc1.com Inc. provides a cloud-based data management platform that includes information on business and clinical activities as well as lab orders and results. The company currently has 70 employees, and expects to reach 120 by the end of 2014. Chief Executive Officer Brad Bostic discussed the company's growth with Business of Health Reporter Barb Lewis. Bostic says more than 500 health care facilities use hc1's platform, which pulls data from more than 200 million health care transactions each year.

Bostic estimates the total U.S. market for customer-relationship management tools in health care is $8 billion annually, and believes hc1 is in a good position to claim more of that business. The company has raised $14 million from angel investors.

hc1 received national recognition in May when it was listed among the Red Herring Top 100 award winners. Inclusion on that list is considered a significant honor for early-stage tech companies.

Sources: hc1.com Inc., Inside INdiana Business