Attributes 312 Percent Revenue Growth to Innovative Software for Post-Acute Care and Senior Living Providers
November 13, 2015, CLEVELAND - OnShift today announced it ranked No. 240 on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. OnShift grew 312 percent during this period.
OnShift's chief executive officer, Mark Woodka, credits OnShift's predictive SaaS and mobile human capital management solutions and the intense need for post-acute care and senior living providers to better manage labor, their top expense, with the company's 312% revenue growth. Woodka said, "Post-acute healthcare and senior living providers are facing significant workforce challenges, with a growing shortage of qualified workers, fierce competition for talent, and skyrocketing wage pressures. Year after year, providers turn to OnShift to address these issues and improve their clinical, operational and financial outcomes with the help of our best-in-class software. The OnShift team is dedicated to the success of our clients, and we are proud to be one of the fastest growing technology companies in the nation."
"Amid a fierce business climate, there seems to be no shortage of new and established companies that are unlocking a seemingly unlimited potential for growth and advancement through technology's continued disruption and proliferation across industries," said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications leader. "It is inspiring to witness the innovative ways that companies are incorporating emerging technologies for business gains, be it cognitive computing, or the Internet of Things. We congratulate all those ranked on this year's Fast 500 and look forward to seeing their continued growth into 2016."
"Through the efforts and utilization of new and emerging technologies from these companies, we are witnessing greater business demands from across almost all industries," added Jim Atwell, national managing partner of the emerging company practice, Deloitte & Touche LLP. "We look forward to the opportunity to serve these companies as they strive to grow to the next level -- be it towards introducing new solutions or entering new markets -- and with it make important and long lasting impressions on the technology market as a whole."
Overall, 2015 Technology Fast 500™ companies achieved revenue growth ranging from 109 percent to 21,984 percent from 2011 to 2014, with an average growth of 850 percent.
About Deloitte's 2015 Technology Fast 500™
Deloitte's Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies -- both public and private -- in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2011 to 2014.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About OnShift, Inc.
OnShift delivers cloud-based human capital management software and proactive services to solve everyday workforce challenges in healthcare. Our suite of products for hiring, scheduling and workforce analysis drives quality care, lower costs and higher performance by empowering providers to staff consistently and efficiently. Intuitive design, predictive analytics and customer success management are why thousands of post-acute care and senior living organizations rely on OnShift. For more information visit www.onshift.com.