MedHub doubles revenue, plans to hire 3 in Ann Arbor

MedHub has some big expectations for 2010. The Ann Arbor-based firm recently signed two major new contracts and is looking to hire three people right now. It also expects to announce the signing of two other major teaching hospitals this spring.

"They're big. They're Top 10 teaching hospitals you have heard of," says Peter Orr, president of MedHub. "One of them has a team playing in the NCAA tournament and the other is overseas. And we have quite a few other things in the pipeline that will make 2010 a big year."

The 7-year-old firm, a University of Michigan spin-off, uses web-enabled enterprise residency management solutions to improve communication, collaboration and residency information management in teaching hospitals. Simply said, it provides a system that tracks residents and fellows (advanced medical school students who aren't quite full doctors). It makes hospitals get all of the Medicare reimbursements they are entitled to, which means more than $85 million for U-M Hospital.

MedHub currently employs four people and is making plans to start an internship program this year. It’s also looking at hiring even more people later this year.

MedHub recently signed an agreement with Kaiser Permenente in northern California. That teaching hospital has more than 200 in-house physician trainees and over 700 rotators training from the likes of Stanford University, The University of California – Davis and the University of California at San Francisco.

Recent signings like this has allowed MedHub to double its revenue already this year compared to 2009. Orr expects his company's revenue to continue to multiply this year as he goes after bigger fish in the teaching hospital pool.

Source: Peter Orr, president of MedHub
Writer: Jon Zemke

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