LV Pair Near Top of Inc.’s Fastest-Growing Comanies List
What do a prescription-drug processor and an online shoe store have in common?
Both Las Vegas-area enterprises were among the top 25 companies making Inc. magazine’s list of the 500 fastest-growing privately held companies.
Las Vegas-based ScripNet, which is in its third year on the magazine’s list, works with 3,500 nationwide pharmacies to provide insurance companies with discounted prescription drugs. It ranked No. 22 on the magazine’s list this year.
The company uses technology to transmit an insurance company’s parameters on prescription benefits and allows the pharmacies to bill for the prescriptions immediately. The electronic process saves clients from traditional costs of paper payments and lengthy negotiations. Inc. lists ScripNet with 854.5 percent annual sales growth and a total sales growth of 4,273 percent with $18.1 million in revenue in 2003.
See the story at: http://www.reviewjournal.com/lvrj_home/2004/Oct-26-Tue-2004/business/25066474.html


