Company continues successful run of client implementations and industry recognition while expanding into accountable care market
ZeOmega Leverages Enhanced Market Position into Q2 2013
<0> ZeOmegaRon Wozny, 214-618-9880, Ext. 8077orDodge CommunicationsMegan Etling, 770-576-2572 </0>
ZeOmega Inc., the premier provider of software solutions for , released its 2012 and Q1 2013 performance results, which reflect its continued corporate growth and recent expansion into the Accountable Care Organization (ACO) and value-based care markets. Highlights of the performance results include a continued track record of successful implementations, expansion of its market position with new customer acquisitions, and accelerated expansion of the team.
In 2012, ZeOmega continued its track record of delivering successful implementations by launching its Jiva™ population healthcare management software solution with six new clients. With five go-lives over a period of 90 days for clients who manage anywhere from 200,000 to three million lives, ZeOmega was able to successfully reconfirm the robustness of its products and implementation processes.
2012 was a critical evolution year for ZeOmega because Jiva not only gathered momentum among payer organizations, but it was also able to demonstrate how provider organizations seeking to provide value based care could use Jiva to meet their requirements. ZeOmega entered the provider and value based care space with the selection of Jiva by a care management organization that provides care for more than 225,000 health plan members and beneficiaries of state and federal health care programs, including a Pioneer ACO. Jiva was selected to enhance and improve patient engagement.
“Any provider organization seeking to provide value based care, whether as a CMS ACO or otherwise, will need a platform that enables it to effectively and proactively coordinate care for the people it serves,” says Sam Rangaswamy, founder and CEO of ZeOmega. “Jiva offers what such organizations need. Specifically, they need a platform that can help them analyze the patient data to identify opportunities to improve their patient’s health, reduce cost of services and meet regulatory and compliance requirements.”
ZeOmega’s 2012 revenues grew approximately 60 percent from 2011 compared with 66 percent growth between 2010 and 2011, solidifying its position as an industry leader in population health. ZeOmega reinvested these revenues into the company by undertaking new product development to meet the emerging requirements of healthcare reform and accountable care. ZeOmega also invested significantly into expanding the company infrastructure necessary to support the expanded client base. This includes expanding the ZeOmega team at all levels including key leadership positions.
Last year, ZeOmega was honored with several high-profile awards recognizing its industry reputation, flexible deployment options, company growth strategies and superior offerings.
In July, IDC Marketscape named ZeOmega as a in its “U.S. Care Management Solutions for Healthcare Payers 2012 Vendor Assessment,” rating Jiva as the most advanced in the industry in terms of care management capabilities and its ability to help health plans position themselves strategically to address the emerging needs in population healthcare management.
ZeOmega was also named one of the ranking 13 on the 2012 Fast Tech list of top 35 companies by growth—marking ZeOmega’s second consecutive year on this list.
Lastly, as result of its 254-percent revenue growth from 2007 to 2011, the company was named one of the on Deloitte’s 2012 Technology Fast 500, ranking 287.
“Our success can be attributed to the ZeOmega culture of continuous improvement, our commitment to being the reliable strategic partner for our clients and the discipline with which we manage our growth,” says Rangaswamy. “As a result, ZeOmega will continue to make such investments into 2013 and beyond in anticipation of future growth.”
ZeOmega’s powerful population health management platform delivers high-value, strategic solutions enabling payers and care-delivery organizations to improve individual health and provider performance. With deep domain expertise and a comprehensive understanding of complex population health challenges, ZeOmega serves as a “true-north” partner for clients—offering flexible deployment and delivery models that leverage an innovative platform designed to integrate workflow, analytics, content and communication capabilities. By consistently meeting customer expectations and project benchmarks, ZeOmega has earned a sterling reputation in the industry for responsiveness and reliability. For more information, visit or call 214-618-9880. Follow ZeOmega on , or .