AURORA, Ill.--(BUSINESS WIRE)--Simplify Healthcare, a leading healthcare technology solutions provider, today announced it ranked 164 on Deloitte’s 2020 Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America now in its 26th year.
Simplify Healthcare grew 720% during this period because of the company’s customer-centric approach and diverse portfolio of end-to-end automated solutions for the Healthcare Payer industry. Simplify Healthcare has developed deep expertise in Benefit Plan Management (Commercial, Medicare, Medicaid, and ACA-QHPs), Provider Data, Directory and Contract Management, Client Setup, Onboarding, and Enrollment Management, Member and Provider Benefit Inquiry, and Value-Based Payment Reconciliation. Simplify Healthcare's solutions help health plans address critical pain points with our solutions and improve quality, improve speed-to-market and reduce administrative costs.
“We’re honored and proud to be featured on Deloitte’s 2020 Technology Fast 500™ list. We strive to deliver integrated experiences to our clients and partners and help them achieve operational excellence through our diverse portfolio of end-to-end automated solutions. Receiving one of the top industry accolades is an incredible achievement for us and is a testament to our continued success and momentum."
- Mohammed Vaid, CEO and Chief Solution Architect, Simplify Healthcare
“Due to the complex and manual operations and disparate legacy systems of Health Plans, they rely heavily on automated and innovative technologies to achieve their business objective. We are proud that many of the leading Health Plans trust Simplify Healthcare as their technology partner. We credit our achievement to our clients, partners, and employees - this achievement wouldn’t have been possible without them.”
- Harry Jordan, Chief Operating Officer, Simplify Healthcare
“For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — truly does permeate so many facets of our lives,” said Paul Silverglate, vice chairman, Deloitte LLP and U.S. technology sector leader. “We congratulate this year’s winners, especially during a time when innovation is needed more than ever to address the monumental challenges posed by the pandemic.”
“Each year the Technology Fast 500 listing validates how important technology innovation is to our daily lives. It was interesting to see this year that while software companies continued to dominate, biotech companies rose to the top of the winners list for the first time, demonstrating that new categories of innovation are accelerating in the pursuit of making life easier, safer and more productive,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and industry leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “We extend sincere congratulations to these well-deserved winners — who all embody a spirit of curiosity, and a never-ending commitment to making technology advancements possible.”
About Simplify Healthcare
Simplify Healthcare is a rapidly growing healthcare enterprise solutions company that offers a unique platform which solves a number of pain points for healthcare payers. Simplify Healthcare is the leading player in the benefit plan management vertical with deep expertise for Large Group, Small Group, and Individual Benefit Plan Management across all lines of business (Commercial, Medicare, Medicaid, and ACA-QHPs). The company is quickly emerging as a leading player in other areas including: Provider Data, Directory and Contract Management, Client Setup, Onboarding, and Enrollment Management, Member and Provider Benefit Inquiry, and Value-Based Payment Reconciliation. The company also tripled its CMS PBP bid submissions for Medicare Advantage Plans using Medicare Advantage plan management solution eMedicareSync™ and accounted for 25% of the total PBPs and 20% of the total EGWPs filed with CMS for 2021. In 2020, the company was ranked 164 in Deloitte’s Technology Fast 500™ list, 645 in the Inc. 5000 America’s fastest-growing private companies list, and also recognized in Gartner's Hype Cycle for U.S. Healthcare Payers report.
For more information, please visit simplifyhealthcare.com
About Deloitte’s 2020 Technology Fast 500™
Now in its 26th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2016 to 2019.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
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