10TH ANNUAL GROWTH STRATEGIES SURVEY RESULTS April 1, 2016

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10TH ANNUAL GROWTH STRATEGIES SURVEY RESULTS

April 1, 2016
Survey Population

300 Businesses in the Greater Philadelphia Area
Over 90 Survey Respondents
Annual Sales of up to $400 Million
Sole-proprietorships to 1,250 employee base
Privately-held, Employee-held, and Publicly-held companies
For-profit and not-for-profit companies

Revenue Breakdown of Respondents

10% - Less than $1 Million
27% - Between $1 Million and $5 Million
22% - Between $5 Million and $10 Million
32% - Between $10 Million and $50 Million
9% - $50 Million or greater

KEY HIGHLIGHTS
 Predictions are more conservative …
 Year-over-year predictions for overall economic conditions:

 
2009
2010
2011
2012
2013
2014
2015
2016
 

Contraction
50%
10%
2%
4%
12%
4%
0%
12%
 

Expansion
29%
45%
81%
66%
59%
62%
69%
56%
 

No Change
21%
45%
17%
31%
29%
34%
31%
32%
 

The 2015 economic conditions (for the second year in a row) allowed business owners to find increased opportunities for growth, increase business development efforts, make improvements to business models and strategies, explore new revenue streams, and hire some great people.

Windows 2003 server in the rear view mirror

Windows 2003 server in the rear view mirror

By Greg Gurev

Gurev is Head Sherpa at MySherpa, Wilmington

Let’s face it. In small business, Microsoft had us at “hello.” Let’s get nostalgic for a moment. In tech time, we don’t have to backtrack too far, just to 2003 when Microsoft’s Windows Small Business Server was the popular go-to operating system for businesses with 75 employees or fewer.

TEST SUPPORT

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MySherpa promotes Ethan Tancredi to President Sherpa

IT managed services firm MySherpa promoted Ethan Tancredi from VP of Operations to President Sherpa to oversee all daily operations and employees at MySherpa.

He joined MySherpa in 2005 and has held various positions through the company’s growth.

Tancredi is highly valued for his keen ability to relate to clients and decipher their IT needs, leading to their satisfaction with the company’s work.

Physicians are Willing – But Not Ready

There’s a big gap between what physicians thought they could do, and what they were eligible to do, to collect meaningful use incentives last year, according to a new study, which appears in the May issue of Health Affairs.

The study shows that 91 percent of physicians nationwide were eligible for federal electronic medical record (EMR) incentives in 2011. However, only 10 percent intended to apply for the program.

Integration Capabilities Your EMR Needs

With the adaptation of Stage 2, companies operating in the electronic medical records will shift their focus from the capture to exchange of health information. One industry insider has recommended 10 things your EMR needs to be truly interoperable.

Single sign-on (SSO). Applications tend to proliferate, and if you don’t allow people to switch between these applications using a common login and password, users will get frustrated and give up.

Five Ways to get ROI from Your EMR

Most medical practices that implement Electronic Medical Records (EMRs) see a significant financial return on investment (ROI). Here are five ways that happens: You can see more patients; you’ll reduce missed appointments; your claims processing will be more efficient; you’ll spend less on hard technology costs; and you’ll improve reimbursements.

2012′s Hottest Health Care IT Trends

Wondering what the most-discussed health care IT topics were in 2011—and what they’ll likely be in 2012? ID Experts compiled expert opinions and found them to be much the same: mobile devices, patient privacy rights, and data breaches. Below are several of the items from ID Experts’ top 10 list, and additional items and details are available here.