NEW YORK – Last week, Inc. revealed that Electronic Caregiver, a digital health technology and services company headquartered in Las Cruces, is No. 968 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America.
The Inc. 5000 recognition puts Electronic Caregiver 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. Companies that made the list are ranked according to percentage revenue growth from 2018 to 2021. Over the past three years, Electronic Caregiver experienced a 669 percent increase in revenue growth due to expanding services and high demand for its digital health solutions.
In July, the company purchased the Las Cruces Tower, the city’s tallest building, which now bears its name. The rapidly growing health technology company has been headquartered in the building for the last five years, but now owns the building outright after finalizing the sale July 11.
“Recognition as an Inc. 5000 member is a monumental marker of validation,” said Electronic Caregiver CEO and founder Anthony Dohrmann. “It confirms Electronic Caregiver 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.”
Inc. also revealed that Electronic Caregiver ranked No. 1 in Las Cruces and the state of New Mexico, as well as No. 55 in Health Services.
“To rank No. 55 in Health Services is amazing,” said Electronic Caregiver 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, Electronic Caregiver 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 companies on the 2022 Inc. 5000 have not only been successful, but have alsodemonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of COVID-19.
Founded in 2009, ECG currently serves more than 15,000 patients — most of them out of state — with remote health monitoring, virtual medical checkups and care coordination. The company began renting the top floor of the Las Cruces Tower in 2017. At that time, 25 employees were working in Las Cruces. Eventually, the company took over the ninth floor and kept renting more space as the number of employees grew. Today, the company has 300 employees and has committed to adding another 770 jobs in the next five years.
“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” said Scott Omelianuk, editor-in-chief of Inc. “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, Electronic Caregiver continued to expand its services. 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. Electronic Caregiver 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.
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 at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on Aug. 23.
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