Nashville's Metro council recently recognized our company for adding jobs to the local economy. The Tennessean's Getahn Ward covered the story, here.
Health care analytics company adds 13 employees, including a veteran.
On Tuesday, the Metro Industrial Development Board approved the grant pending the health care analytics company submitting certain paperwork.
Medalogix becomes the second recipient under the program Metro Council passed that gives a one-time grant to small businesses of 100 employees or fewer if they create 10 jobs in Davidson County over a one-year period.
Under an amendment that lowered the job creation threshold from 20 employees, those workers only have to be paid 80 percent of the average wage rather than the average wage.
Aspire Health was the first to take advantage of the jobs grant, receiving a $14,500 grant earlier this year for adding 28 jobs.
Medalogix will get $500 for hiring 12 non-veterans and $750 for a veteran.
The company, which focuses on the home health and hospice niches, has 24 employees mostly in Nashville.
Dan Hogan, Medalogix's president and CEO, expects to add up to six more by year's end.
"The implementation of health care reform and what that is doing to payment models in the post-acute care space is really driving the need for our products and services," he said.
Medalogix break downs clinical data to determine which patients are most at risk of going back into the hospital, suffering an adverse event or of dying. The company also helps clients with implementing clinical practices to reduce those risks.
So far, three owners or developers of commercial property have taken advantage of the blighted property portion of the Small Business Incentive Program.
In other action Tuesday, the Industrial Development Board gave its nod to Metro Council's previous approval of an increase in the annual incentive grant due to HCA for seven years by $350,000.
That's based on 700 new jobs the Nashville-based hospital chain is bringing to the Dell and AIG campuses in Davidson County.
The board in its role as a passthrough entity also approved a state FastTrack grant to insurer AIG.
*Originally published in The Tennessean.