University of Michigan spinoff MedHub seeking workers to keep up with software demand
University of Michigan spinoff firm MedHub, buoyed by 100 percent revenue growth in 2009, can’t keep up with demand for its medical training software.
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MedHub, which has 5 employees, is trying to hire several employees to handle demand, but qualified workers are hard to find.
“We know they’re there,” CEO Peter Orr said. “I know there’s people looking for employment in Michigan’s tough economy.”
Orr attributed his trouble finding the right workers to the specialized skills he’s seeking.
MedHub’s need for talented software developers comes as the 2002 U-M spinoff is experiencing an influx in interest for its main product, an enterprise software application that helps teaching hospitals manage their personnel. Since its inception, the company has posted annual revenue growth of at least 30 percent, Orr said.
MedHub’s technology:
• Helps hospitals collect information to meet accreditation requirements.
• Collects detailed information on hours spent by doctors in training and collects evaluation information.
“We track every breath that a resident or fellow takes during their training,” Orr said.
• Manages scheduling information for physicians on call and on rotation.
The software is sold to teaching hospitals with at least 200 residents. MedHub’s recent growth is attributable to several major teaching hospitals that have dispensed with their existing residency management system in favor of MedHub’s technology. Hospital systems at the University of Iowa, University of Washington and Indiana University are the latest of the company’s 17 clients.
“They’re all considered colossal in size,” Orr said.
Jeff Olender, graduate medical education administrator for the Cleveland Clinic, a MedHub client, said the technology had the flexibility required to manage the Cleveland Clinic’s 50 accredited training programs with some 1,000 residents, clinical trainees and fellows.
“We’re pretty complicated in that we have a lot of patients, a lot of size to our operation,” Olender said. “Our small fellow programs with two trainees can use this system just like our large resident programs with 100 trainees. What this program has allowed us to do is become more efficient.”
Olender said he’s not surprised that MedHub’s program is experiencing growth because governmental requirements, including Medicare reimbursement rules, require hospitals to keep detailed records about their training programs.
“It’s becoming an increasingly regulated environment and institutions would be wise to have a product that would help them manage that process,” Olender said.
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