Electronic Caregiver ranked in top 20 percent among fastest-growing private companies

Bulletin report

Electronic Caregiver (ECG), a digital health technology and services company based in Las Cruces, is No. 968 on the Inc. 5000 list, which the national magazine said is “the most prestigious ranking of the fastest-growing private companies in America.”

 “The Inc. 5000 recognition puts ECG in the top .07 percent of all privately owned companies in America in terms of multi-year growth and the top 20 percent of the Inc. 5000 list,” Inc. said in a news release. “Companies that made the list are ranked according to percentage revenue growth 2018-21. Over the past three years, ECG experienced a 669 percent increase in revenue growth due to expanding services and high demand for its digital health solutions.”

“Recognition as an Inc. 5000 member is a monumental marker of validation,” said ECG CEO and founder Anthony Dohrmann. “It confirms ECG has been able to sustain remarkable rates of growth consistently over several years. It’s a testament to the confidence we’ve developed with our customers and our ability to attract capital to grow along with a highly skilled, loyal, and diverse workforce.”

ECG ranked No. 1 in Las Cruces and the state of New Mexico, as well as No. 55 in health services on the Inc. list, the magazine said.

“To rank No. 55 in health services is amazing,” said ECG President Joe Baffoe. “With our current customer contracts, we believe our growth over the next three years will only accelerate. Being No. 1 in New Mexico is near and dear to our hearts because our goal is to become the first Fortune 500 homegrown company based in New Mexico; this is a great start.”

By making the 2022 Inc. 5000 list, ECG now stands among several well-known companies that gained their first national exposure as honorees on the Inc. 5000, such as Facebook, Chobani, Under Armour, Microsoft, Patagonia and others,” the Inc. news release said.

The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of COVID-19, Inc. said.

“The accomplishment of building one of the fastest-growing companies in the U.S. in light of recent economic roadblocks cannot be overstated,” said Inc. Editor-in-Chief Scott Omelianuk. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work and rising to the challenges of today.”

“Throughout the COVID-19 pandemic, ECG continued to thrive and expand its services,” Inc. said. “It not only provided innovative telehealth solutions to the public but provided remote patient monitoring technology to hospitals in New Mexico and Tennessee, freeing up hospital beds and allowing COVID-19 patients to get the care needed from home.

“ECG has also never wavered in its dream to revolutionize the health care industry. It is currently developing a virtual caregiver, named Addison, designed to engage with and help monitor the health of aging and chronically ill clients, as well as child patients via an audio/visual console in patients’ homes.

“Additionally, the company has steadily increased its workforce over the years. What began as a handful of employees in 2009 has grown to nearly 300 today. Recently, ECG received state funding to add 770 jobs over the next five years.” (In July, ECG bought the Electronic Caregiver Tower that houses the company at 506 S. Main St.)

Visit www.inc.com/inc5000 and www.electroniccaregiver.com.


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