Medical Data Research, 2144 Highland Drive, a national research and consulting firm providing medical coding and reimbursement information to health claim payers, posted 13 percent growth in the last 12 months to reach $3 million in sales.
Dr. Byron Smith, president, said a sign of the company's growth is the increase in employees from five when the company opened in 1988 to 35 now.Smith said the company's growth can be attributed to new accounts and new products. "We sold 90 contracts in our first year and today we're at 769. The growth has come by adding a Dental UCR Payment System alongside our successful Medical UCR System," he said.
MDR services the "payer" side of the business, namely insurance companies, third-party administrators, companies with in-house health insurance management and health-care management organizations.