Company Further Positioned for Growth and Long-Term Continuity for Clients and Industry
Rockford, IL. (May 3, 2017) – Practice Velocity, LLC, the top-rated provider of urgent care software and services, recently announced that its 240 employees would become shared owners in the company. The stock ownership plan helps ensure that the company is positioned for additional growth and long-term continuity as the organization furthers its vision, mission and core values that were built upon its clients’ needs.
“Practice Velocity’s culture has always considered its people as leaders within their sphere of influence,” said Practice Velocity’s CEO Dr. David Stern. “This ownership change will enable our most valued asset – our employees - who for years have demonstrated ownership behaviors in caring for clients, to now be actual owners of the company. As owners, we realize tomorrow’s success is dependent on serving our clients well, every day.”
While many technology organizations today are outsourcing and offshoring of technology, Practice Velocity employs 240 individuals in America’s Heartland, creating skilled jobs, strengthening families, and lifting communities in Northern Illinois and Southwest Wisconsin. Additionally, while Wall Street and private equity organizations demand that other vendors focus their energies on meeting this quarter’s numbers rather than achieving long-term client satisfaction, Practice Velocity is unique to “high tech” in that it does both.
The company’s software and billing solutions – which has received top ranking for urgent care EMR software by KLAS Research for six consecutive years – are developed by urgent care experts who understand the unique workflow and patient expectations in the industry rather than software engineers seeking to meet a “one size fits all” solution.
During the surprise announcement to employees, Stern thanked Practice Velocity employees for their commitment to the company and for their ownership mindset, “I’m not giving you a gift – you’re getting something that you’ve earned.”
Practice Velocity’s growth rates have averaged 30 percent annually and the company continues to gain new clients and new recognition nationally.
About Practice Velocity
Practice Velocity, LLC, is the leading supplier of software and electronic medical records (EMR) for urgent care centers. In addition to operating the largest billing service company for urgent care, Practice Velocity has over 1,200 implementations of EMR, medical coding, online patient registration, and practice management software in all 50 states. For more information, go to practicevelocity.com.