HEALTH GRADES INC

HEALTH GRADES INC

Previous company name
HEALTHGRADES COM INC
Name change date
1/18/2000
Company Overview
Health Grades Inc is an American-based company engaged in the activities of an independent healthcare ratings companies. It provides objective ratings of hospitals, nursing homes and home health agencies. The company was founded in 1999 and has its registered office in Golden, Colorado.
The company is the leading healthcare ratings company. It provides healthcare ratings and profiles of hospitals, nursing homes and physicians to consumers for them to choose the best for their needs. Informations provided by the company include quality of service and other healthcare informations offered other hospitals and other healthcare institutions.
The company also provides detailed information on physicians including name, address, phone number, years in practice, information on whether they are board certified, whether they are free of state and federal sanctions and many other items. Its mission is to improve the quality of healthcare in America.
The company’s clients include hospitals, employers, benefits consulting firms, payers, insurance companies and consumers. Some of the informations provided by the company in its website are free of charge. With the ratings and awards that the hospitals and other healthcare institutions get from the company, this would help them in the marketing of their business. For those with having lower rates, it would help them assess and improve their business.
Business Summary
Health Grades, Inc. (HealthGrades) provides ratings of hospitals, nursing homes and home health agencies. The Company provides information on physicians, including name, address, phone number, years in practice, information on whether they are board certified, whether they are free of state and federal sanctions and many other items. It provides its clients with healthcare information, including information relating to quality of service and profile information on physicians. The Company’s clients include hospitals, employers, benefits consulting firms, payers, insurance companies, consumers, advertisers, and media and Web portals. It provides ratings or profile information relating to healthcare providers, including approximately 5,500 hospitals; approximately 800,000 physicians in more than 125 specialties, approximately 175,000 dentists in 10 specialties, approximately one million alternative specialty providers in more than 40 specialties, and approximately 15,000 nursing homes.
Description and history
Health Grades, Inc. (HealthGrades), incorporated in December 1995, provides ratings of hospitals, nursing homes and home health agencies. The Company also provides information on physicians, including name, address, phone number, years in practice, information on whether they are board certified, whether they are free of state and federal sanctions and many other items. Health Grades provides its clients with healthcare information, including information relating to quality of service and profile information on physicians. The Company’s clients include hospitals, employers, benefits consulting firms, payers, insurance companies, consumers, advertisers, and media and Web portals. It provides ratings or profile information relating to healthcare providers, including approximately 5,500 hospitals; approximately 800,000 physicians in more than 125 specialties, approximately 175,000 dentists in 10 specialties, approximately one million alternative specialty providers (acupuncturists, chiropractors, mental health professionals) in more than 40 specialties, and approximately 15,000 nursing homes.

Health Grades offers services to hospitals in three capacities: professional services that help hospitals build a quality perception with their internal staff, consumers, and physicians; professional services that help hospitals improve their clinical process and quality, and online marketing programs through its Web properties that provide brand awareness for client hospitals. In addition, it provides basic and detailed profile information on a variety of providers and facilities. Basic profile information for certain providers is available on its Website, www.healthgrades.com.

The Company provides the Connecting Point and Patient Direct Connect programs, under which a hospital, hospital system or single specialty provider can sponsor applicable physician profiles. Services to its clients and the sponsored physicians include assistance in creating and enhancing their professional and marketing information displayed in certain categories of the HealthGrades search site accessible at www.healthgrades.com. Additionally, it provides detailed online healthcare quality information for employers, benefits consulting firms, payers and other organizations that license its Health Management Suite of products, which include the modules, such as Hospital Quality Guide, Physician Quality Guide, Nursing Home Quality Guide, Home Health Quality Guide and Treatment Cost Calculator.

Healthcare Provider Quality Information

The Company compiles information regarding various healthcare providers and distills the information to meet the requirements of consumers, employers, payers and other customers. While Health Grades provides certain information without charge on its Website, the Company charges users for more detailed information. Its www.healthgrades.com Website is a healthcare information Website that provides rating and other profile information regarding a variety of providers and facilities, among others.

Health Grades provide risk-adjusted hospital quality ratings for 28 medical issues. In addition, users can compare hospitals utilizing the Company’s programmatic ratings for maternity care. For each particular medical issue chosen by the user, other than those relating to maternity care and women’s health, bariatric surgery and appendectomy, the Company provides a rating system of five stars, three stars or one star for virtually every hospital in the United States.

The Company competes with Thomson Reuters, Deloitte, SG2, Marshall Steele, WebMD, Ingenix and UCompareHealthcare.

Business Line
Engaged in the activities of an independent healthcare ratings companies; Provides objective ratings of hospitals, nursing homes and home health agencies
Subsidiary

Advisor
GRANT THORNTON LLP
IPO date
2/1997
US SIC Code
8742
Company Address
Suite 100
500, Golden Ridge Road
City province or state postal code
80401, GOLDEN, CO
Phone: +1 303 716 0041
Fax: +1 303 716 1298
Country address: UNITED STATES OF AMERICA
Website url: www.healthgrades.com