HBS International Inc., the renowned provider of outcomes management systems to the health care industry, has been awarded the 1999 Emerging Eastside Business Award at the 10th Annual Emerging Business Awards, sponsored by the Bellevue Chamber of Commerce. The award recognizes the superior performance of an Eastside business. Judges selected HBSI for this award based on its three-year revenue growth rates, leadership strength, and ability to recognize and seize market opportunities.
The Emerging Business Awards has grown to be one of the most anticipated and widely-respected business award programmes in the Puget Sound area. Bellevue, where HBSI is headquartered, is located in the Seattle metropolitan district, referred to as the "Eastside". This area serves as the home base to Microsoft and is also widely considered to be the Pacific Northwest's hotbed of software, information technology, as well as other high tech industries.
Gregg Bennett, president and CEO, accepted the honour on behalf of HBSI's 220 employees. Since HBSI's establishment, Bennett has succeeded to grow the company from $100.000 in revenue and one full-time employee, namely himself, to over $24 million in revenue for 1998 and 220 full-time employees. As part of the award, HBSI demonstrated how it has been able to leverage important market opportunities to achieve superior financial performance. The company realigned its sales force, enhanced its products with use of the Internet, launched three different products in 1998 and redesigned its data warehouse to improve product performance. In this way, HBSI addressed market challenges head-on.
Judges also reviewed how HBSI management operates as a team to achieve its objectives. Senior management holds a variety of weekly and monthly strategic operational meetings. In addition, HBSI hosts meetings for all of its colleagues on a very regular basis, in order to reinforce the company's core values and future direction. Less formal meetings occur at the beginning of every month, providing an opportunity for management and colleagues to socialize over beverages, food and music. On top of the official all-colleague meetings, Bennett meets one-on-one with all new hires to welcome them to the company and answer any questions.
HBSI competed as a finalist against Concur Technologies which is a provider of task-automation software, and Evergreen State Restaurant Corporation, the regional owner of the Outback Steakhouse chain. HBSI offers outcomes management systems to more than 900 health care facilities throughout the United States. HBSI's suite of systems and services allow the health care organizations to improve operational efficiency; increase clinical, financial and resource performance; strengthen competitive position; enhance patient functional status; heighten patient satisfaction; and monitor home health.