AURORA, Ill.--(BUSINESS WIRE)--Inc. magazine today revealed that Simplify Healthcare is No. 645 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
"Being on the Inc. 5000 list is a defining moment, and being in the top 700 among the elite groups is an achievement for Simplify Healthcare. There’s no single course you can follow or investment you can take to guarantee this kind of spectacular growth. We are thankful to all our clients, partners, and employees for their continued support. Here’s to another year of continued collaboration and growth. We can't wait to see what the next year has in store for us!”
- Mohammed Vaid, CEO and Chief Solution Architect, Simplify Healthcare
“At Simplify Healthcare, we are extremely proud to continue to be one of the fastest growing private companies. Our business growth is a result of a great team, terrific products and services, and our customers promoting the value received from the use of our solution. Even in these very difficult times, we continue to add new customers and expect to continue to achieve great results moving forward.”
- Mark Manning, Chief Growth Officer, Simplify Healthcare
Inc. 5000 recognition is one of the most prestigious ranking in the private business sector, and our rank emphasizes the achievements we’ve made as a company and our growth as a team. We strive to keep growing through our core values and results, and the recognition symbolizes the impact our solutions have for Health Plans, which puts us among the elite groups.
Simplify Healthcare has experienced an exponential 7x times growth since 2016. With each passing year, we are expanding into new areas, and we now have nine products in our portfolio, including eBenefitSync™, eMedicareSync™, eProviderSync™, eContractSync™, eGroupEnroll™, eACASync™, eMedicaidSync™, Advanced Payment Platform (AP2), Simplify9, to help Health Plans address critical pain points and take their businesses to the next level.
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
About Simplify Healthcare
Simplify Healthcare is a rapidly growing technology solutions provider that addresses the toughest challenges faced by Health Plans in today’s competitive marketplace. Simplify Healthcare was awarded the Deloitte 2018 Technology Fast 500, recognized in the 2018 Inc. 5000 list of Americas’ fastest-growing private companies, listed as a sample vendor in 2018 Gartner Hype Cycle for value-based reconciliation solutions, won the 2018 Corp! Magazine Michigan’s Bright Spot award and Corp! 2016 Technology Innovation award, was named the sole leader in IDC’s Health Plan Product/Plan Benefit Configuration Solutions Vendor Assessment in 2016 and voted the Best Newcomer for 2014 at the Healthcare IT Summit.
For more information, please visit simplifyhealthcare.com
Follow us on LinkedIn, YouTube, Twitter, and Facebook.
About Inc. and the Inc. 5000
Methodology
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
