MedeAnalytics Relocates North Texas Big Data Operation to Richardson as Part of Long-Term Strategy
Healthcare Analytics Innovator Plans to Bring 100 Employees to 18,000-Square-Foot Facility Along President George Bush Turnpike Near The University of Texas at Dallas
RICHARDSON, Texas – Sept. 10, 2014 – MedeAnalytics, a pioneer in healthcare analytics, has signed a lease for an 18,000-square-foot office at Custer Court, 501 W. President George Bush Turnpike in Richardson, Texas. The facility will serve as a hub of the company’s growing big data operations, which support nearly 1,000 provider, health plan and National Health Service (NHS) customers across the U.S. and U.K.
The facility will initially house approximately 100 MedeAnalytics employees, many of whom will be relocating from another North Texas facility. The company expects this number to grow over time in support of its global service delivery. MedeAnalytics expects to take occupancy of the space in October 2014. The company will maintain its corporate headquarters in Emeryville, California.
Focused on the financial health of healthcare organizations, MedeAnalytics employees based in Richardson will deliver enterprise-level solutions to the company’s clients, including hospitals, health systems, health plans, state Medicaid programs and more. The facility will also serve as a key hub for MedeAnalytics’ big data initiative, which employs a cloud-based analytics technology platform to aggregate and normalize data across multiple sources, delivering it in an intuitive format that inspires clear and actionable insights into revenue, cost, quality and risk.
“Expanding our operations to Richardson is a critical step in MedeAnalytics’ continued growth and focus on innovation,” said MedeAnalytics Chairman and CEO Andrew Hurd. “This facility allows us to meet our long-term objectives efficiently while maintaining the highest level of service for customers nationwide and internationally. Richardson was a perfect choice for us because of its long-standing focus on technological solutions and insights for the world’s leading companies. Locating in Richardson also gives us closer proximity to our internship program partner, UT Dallas, providing us with a pipeline for future talent and offering their students real-world technology business experience. We are excited to join the Richardson community.”
MedeAnalytics was recently recognized by Modern Healthcare magazine as one of the industry’s “Best Places to Work” for 2014. In coming to Richardson’s globally known Telecom Corridor® area, MedeAnalytics joins other leading healthcare- and technology-related organizations with a significant Richardson presence, including the headquarters of Blue Cross Blue Shield of Texas, Methodist Richardson Medical Center, and major operations of companies such as Inogen, United Healthcare, CVS Caremark, US Oncology, Chase Medical, Health Dialog, Availity, OraMetrix and E4D Technologies.
“With our continued focus on leadership in the healthcare and information technology sectors, we are extremely pleased to welcome MedeAnalytics to our community,” said Richardson Mayor Laura Maczka. “We know they will find Richardson to be a great location for continued expansion and success. Richardson provides MedeAnalytics with a business environment that is driven by technological innovation and that offers abundant opportunities for strategic collaboration with key corporate and academic partners.”
John Roper of CBRE represented the tenant in lease negotiations. Trey Smith, Ward Eastman and Alexandra Jennings of Cassidy Turley represented the landlord in the negotiations.
MedeAnalytics provides evidence-based insights to solve a real problem that plagues healthcare – how to use the immense amount of patient data collected along the care continuum to deliver cost-effective care and promote a healthier population. Its analytics platform delivers intelligence that helps healthcare organizations detect their greatest areas of risk and identify opportunities to improve their financial health. It empowers providers and health plans to collaborate and use data to strengthen their operations and improve the quality of care. MedeAnalytics’ cloud-based tools have been used to uncover business insights for nearly 1000 healthcare organizations across the United States and United Kingdom. The company has also been named one of Modern Healthcare’s top 100 Best Places to Work in Healthcare for 2014. For more information, visit www.medeanalytics.com.
About the Richardson Economic Development Partnership
The Richardson Economic Development Partnership (REDP) is a joint effort of the City of Richardson and the Richardson Chamber of Commerce, dedicated to building a vibrant and thriving local economy by attracting new investment and jobs through marketing, recruitment and working with existing employers. The REDP offers numerous services to companies considering expansion or relocation to the Telecom Corridor® area, including international and domestic business relocation assistance and professional service provider referrals, site selection, broker and real estate referrals, cost of business analyses, incentives, partner and executive introductions, tours and city information. For more information, visit www.telecomcorridor.com.
Richardson Contact: Colby Walton