Bethesda, Md., Nov. 18, 2008—CodeRyte, Inc., the healthcare industry’s premier provider of computer-assisted coding technologies, is one of the nation’s fastest growing companies, according to Deloitte and Inc. magazine.

CodeRyte ranked 448 on Deloitte’s annual list of the country’s 500 fastest growing businesses. The "Fast 500" recognizes growing technology, media and entertainment, telecommunications and life sciences companies. Winners, selected from nominations and evaluations of fiscal year revenue growth over five years, are announced each fall. CodeRyte, based in Bethesda, Md., also earned a spot on Deloitte’s “Fast 50” list for individual regions’ fastest-growing companies. CodeRyte was ranked No. 21 on Maryland’s list.

At the same time, Inc. ranked CodeRyte in the top 30 percent of its annual Inc. 5000 list of America’s fastest-growing private companies. The list offers a comprehensive look at growing companies that are succeeding with cutting-edge business models. Inc. gauged its list by measuring revenue growth from 2004 through 2007.

“As an industry, healthcare is having problems achieving real scale. It is CodeRyte's goal to solve that problem with innovative and quality technologies that deliver a meaningful ROI,” said Andy Kapit, CodeRyte chief executive officer. “That CodeRyte is enjoying such consistent and rapid growth affirms that the amazing people at CodeRyte are achieving that goal and delivering, day in and day out, easy-to-use and compliant applications that enable the physician's language to drive clinical and financial value.”

CodeRyte’s rankings come on the heels of the 2008 WinterGreen Research report that cited CodeRyte as an innovative leader in the computer-assisted coding market. WinterGreen – the first analyst firm in the nation to investigate the computer-assisted coding industry – found CodeRyte’s statistical prediction capability offers a "critical difference" among vendors and that our confidence assessment technology provides a "significant competitive advantage in the market." The report concluded that "CodeRyte is a very strong market participant, winning the majority of the new deals in the market."

About CodeRyte

CodeRyte is the premier provider of computer-assisted coding and data extraction solutions for the healthcare industry. Our sophisticated technology streamlines the coding process and identifies clinically relevant information from medical records. Our clients secure their rightful reimbursement, enhance compliance and efficiency through computer-assisted coding. CodeRyte’s data extraction solutions analyze the language of physician narratives and elevate previously undiscovered data for critical treatment and business decisions. Many of the nation’s top physician practices, billing companies and academic medical centers rely on CodeRyte as the centerpiece of their coding and data mining operations.

Sophisticated technology. Superior compliance. Satisfied clients. Learn more by visiting CodeRyte’s Web site at www.coderyte.com.

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