AdvancedMD’s Michele Hilton Named CFO of the Year
Utah magazine honors top financial leaders who help make the State’s economy a success
Salt Lake City, Utah - June 24, 2008 - Michele Hilton, Chief Financial Officer for AdvancedMD® Software, Inc. www.advancedmd.com, the leading provider of Web-based practice management solutions for physician offices, management services organizations and medical billing services, was honored by Utah Business magazine as the most exceptional financial professional for small private business at an awards ceremony held on Wednesday. In today’s world where financial rigor and strategic insight need to be tightly linked, Hilton was recognized as one of eight senior financial executives playing a key role in significant business growth opportunities within the state.
“As we began this process, we recognized that CFOs are not usually the ones seeking the spotlight, but that they are the consistent backbone quietly leading a company to success and keeping it in the straits of financial security,” said Jamie Huish Stum, managing editor of Utah Business magazine during the event. “The challenges facing today’s CFO’s and financial leaders make it necessary to bring an ever widening skill set to the table. We are pleased that Utah’s CFOs are stepping up to these challenges and proving their talents and abilities again and again.”
In a year focused on increasing penetration of the company’s Web-based product into both its primary and fringe market segments, Hilton has done a significant job in managing AdvancedMD’s financing activities, controls and compliance, as well as other business operations playing an important role in the company’s growth and success – a success that has been widely recognized. AdvancedMD was ranked one of the fastest growing companies by the Mountain West Capital Network and was also named one of Inc. 500’s fastest growing companies in 2007.
“I am so honored to have received this award and view this as company-wide recognition of the amazing achievements AdvancedMD has accomplished in the last five years,” said Michele Hilton, AdvancedMD’s CFO. “I would not have qualified for this award without the tremendous hard work and contributions of the entire team. I am the lucky one to be surrounded by such talented associates.”
The finalists for the Utah Business 2008 awards were collected from nominations across the state and then relayed to a judging panel of industry leaders who narrowed the pool of senior financial managers in a range of categories spanning public and private companies, non profit and government organizations.
About AdvancedMD Software
AdvancedMD delivers a market-leading Software-as-a-Service (SaaS) medical practice management and billing platform to 13,000 providers and 270 billing service providers nationwide. Because AdvancedMD processes more than 1M claims per month for 85 specialties, the company is able to identify payer rule changes quickly and continuously adjust the software to reflect the changes, enabling successful claims performance. Customers achieve first-pass claim acceptance rates of 95 percent or better, compared to the national average of 70 percent. The company’s all-in-one solution eliminates hardware and software license purchases while customers enjoy the freedom of no long-term contracts and one all-inclusive monthly fee. This subscription includes unlimited phone and email support from a team of healthcare and billing experts, free online training, enterprise-class data center security, automated hourly offsite backups of patient data and 99.9 percent uptime. The user interface is intuitive and easy to learn, enabling employees to become proficient faster. Comprehensive HIPAA compliance exceeds the capabilities of client-server practice management software, especially in the areas of patient data protection and backup. AdvancedMD enables billing service providers with centralized management of multiple clients and virtual staff no matter where they are located across the globe. AdvancedMD clients recognize immediate improvements to their financial performance through timely and accurate claims processing with workflow efficiency. For more information, please visit www.advancedmd.com.