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Shared Medical Services history
Shared Medical Services company history timeline
SMS's revenues increased 20 percent to $374 million 1986, but earnings fell from $42 million a year earlier to $32 million.
The Securities and Exchange Commission filed another suit containing similar allegations late in 1991.
In addition to its success with Invision, SMS benefitted from gains in its professional services group and its international division, which posted a revenue increase of 40 percent in 1992, to $53 million.
By 1993, in fact, about 80 percent of all hospitals were using shared systems, which meant more recurring revenues and greater profit opportunities for companies like SMS.
The family decided it was in the best interest of the company and its employees to transition SMS into an Employee Stock Ownership Plan (ESOP). In 2012, SMS became an official employee owned company.
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Shared Medical Services competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| EHNAC - Electronic Healthcare Network Accreditation Commission | 1993 | $5.0M | 30 | - |
| Shared Imaging | 1987 | $770,000 | 100 | 48 |
| Sonic Healthcare USA | 2007 | $600.0M | 7,500 | 386 |
| MEDITECH | 1969 | $493.8M | 3,422 | 46 |
| EnlivenHealth | 1992 | $60.1M | 350 | - |
| GE Healthcare Holdings Inc. | 1989 | $18.3B | 54,000 | 1,036 |
| Stockell Healthcare | 1984 | $17.5M | 55 | 2 |
| Insight Health Services Holdings Corp. | 1996 | $202.8M | 1,434 | - |
| Catholic Health East | 1998 | $1.4M | 50 | 73 |
| e+mc2 | - | $430,000 | 9 | - |
Shared Medical Services history FAQs
Zippia gives an in-depth look into the details of Shared Medical Services, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Shared Medical Services. The employee data is based on information from people who have self-reported their past or current employments at Shared Medical Services. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Shared Medical Services. The data presented on this page does not represent the view of Shared Medical Services and its employees or that of Zippia.
Shared Medical Services may also be known as or be related to SHARED MEDICAL SERVICES INC, Shared Medical Services, Shared Medical Services Inc and Shared Medical Services, Inc.