Change is the one consistent thing in healthcare today, and it's a trend that is playing into CareEvolution's favor.
The downtown Ann Arbor-based company has hired about 20 people over the last year to keep up with the demand for its software platform. Most of those new hires were software developers and clinical analysts. The firm currently employs 60 people. It plans to add three interns this summer, along with a consistent stream of hires along the way.
"This year we intend to add 40 people," says Vik Kheterpal, principal of
CareEvolution. "We're looking at 10 people per quarter." He adds that the company currently has 35 open positions, primarily for software developers, that it would fill right now if it could find the right candidates.
CareEvolution's software specializes in breaking down information silos in healthcare systems primarily by sharing of electronic medical records and information. The idea is to streamline patient care. As the healthcare industry has transitioned to put a bigger focus on efficiency, technology like CareEvolution’s software climbs.
"As that need is growing the demand for our product is growing," Kheterpal says. "We can't keep up."
CareEvolution's growth has been organic. It is projecting 80-percent revenue growth in 2014 based just on the business it has today. Kheterpal expects that number to climb as the year goes on.
"We have very robust growth," Kheterpal says. "We will be almost double our growth this year."
Source: Vik Kheterpal, principal of CareEvolution
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.