ChenMed’s Expansion Generates Economic Development

ChenMedChenMed CEO Christopher Chen, M.D., along with Gov. Bobby Jindal announced that there will be an expansion for ChenMed’s subsidiary; there will also be the establishment of a software development center in the Central Business District of New Orleans. ChenMed will generate 50 new direct jobs at the development center, with an average salary of $83,000. LED (Louisiana Economic Development) estimates that this opening will also result in an additional 51 indirect jobs, for a total of more than 100 new jobs.

Using several software development languages, ChenTech develops software for hospitals, physicians and clinics. The products used will predominantly be utilized for ChenMed’s Medicare-eligible patient population, but there will also be the development of other applications for other healthcare providers. The market of ChenMed has created a user-friendly, cost efficient method of treating patients at a reduced cost.

“[This] announcement joins a long list of technology sector wins that prove Louisiana is quickly becoming a beacon for expansion in the digital media and software industries,” says Gov. Jindal. “Louisiana is home to a major hub of software centers and corporate headquarters because of our great business climate, strong infrastructure and highly skilled technology workforce. These wins continue to bring great high-paying tech jobs to our state that allow our people to pursue the careers of their dreams right here at home. Great companies like ChenTech are making major investments in our state because they know there is no better time to expand in the software industry than right now in Louisiana.”

To shelter the development, the State of Louisiana offered a competitive incentive package that comprises the amenities of LED FastStart, the nation’s No. 1-ranked state workforce development program. ChenTech also is expected to apply Louisiana’s Digital Interactive Media and Software Development Incentive.

“ChenMed’s announcement of a major expansion of its ChenMed subsidiary is a double win for greater New Orleans,” said President and CEO Michael Hecht of Greater New Orleans Inc. “Playing in both the medical and technology sectors, ChenMed is the archetype of the new New Orleans company: innovative , nimble and fast-growing, GNO Inc. welcomes the ChenMed team.”