Rhythm Management Group Ranked Number 142 Fastest-Growing Company in North America on Deloitte's 2020 Technology Fast 500™
Attributes 838% revenue growth to its unique high-touch, high-tech care model for remote cardiac and remote patient monitoring
WASHINGTON, Nov. 18, 2020 /PRNewswire/ -- Rhythm Management Group, a leading provider of remote monitoring services, today announced it ranked No. 142 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 now in its 26th year. Rhythm grew 838% during this period.
Since it was founded in 2011, Rhythm has provided a unique combination of high-touch, high-tech remote monitoring services to physician groups across the U.S. With its roots in remote cardiac device monitoring, Rhythm now offers capabilities to monitor patient vital signs such as weight, blood sugar, blood pressure, and more.
"Since the current ongoing global pandemic, it's more vital than ever before that we provide opportunities to monitor our most vulnerable patients from the comfort and safety of their homes," said Rhonda Bray, CEO of Rhythm Management Group. "I founded Rhythm almost 10 years ago on the principles of high quality, high-touch care. Today, we're proud to continue that level of personalized, human-centered care with the addition of our high-tech Synergy platform that enables providers to access all patient data in one portal. We're honored to be recognized by Deloitte as one of their Technology Fast 500 companies, and look forward to continue providing the comprehensive, high quality care our clients are accustomed to."
"For more than 25 years, we've been honoring companies that define the cutting edge and this year's Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives," said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. "We congratulate this year's winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic."
"Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive," said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte's audit and assurance practice. "We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible."
Overall, 2020 Technology Fast 500™ companies achieved revenue growth ranging from 175% to 106,508% from 2016 to 2019, with median growth of 450%.
About Deloitte's 2020 Technology Fast 500™
Now in its 26th year, 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 2016 to 2019.
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 $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Rhythm Management Group
Rhythm Management Group provides high-touch solutions for remote cardiac and other monitoring services, typically doubling patient enrollment as well as ensuring connectivity and enhancing quality outcomes. Founded in 2011, Rhythm manages almost 40,000 patients with cardiac remote monitoring devices, including pacemakers, defibrillators, heart failure monitors, and implantable loop monitors. Rhythm provides its software platform and comprehensive services to cardiology practices and health systems nationwide.
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
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SOURCE Rhythm Management Group
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