No. 485 Fastest-Growing Company in North America Attributes 248% Revenue Growth to Increased Strategic Importance of Enterprise Technology for Health Plans
BRENTWOOD, Tenn., Nov. 16, 2022 – ClarisHealth, provider of the industry-leading payment integrity technology platform Pareo®, today announced it ranked No. 485 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, communications, life sciences, fintech, and energy tech companies in North America, now in its 28th year. ClarisHealth grew 248% during this period.
ClarisHealth chief executive officer Jeff McNeese credits the company’s hyper-growth to the elevation of payment integrity as a more strategic function at health plans, who seek to control the cost of healthcare by reducing improperly paid healthcare claims. Clients that implement Pareo accelerate improvements in healthcare claims payment accuracy.
“It’s an honor to rank among this prestigious group of innovators,” says McNeese. “Our health plan clients recognize the unique ability of enterprise technology to integrate data, digitize processes, scale content management, and streamline overpayment recovery and prevention. Our success demonstrates both the amazing team we have built and the potential benefits to the broader healthcare industry when we shift from manual, expensive, abrasive recovery models. Together, we are transforming payment accuracy.”
“Technology must keep pace with ever-changing consumer and corporate demands for faster, safer and more efficient solutions to new societal challenges,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “Each year I am in awe of the immense talent the Technology Fast 500 rankings reveal, confirming the winners’ relentless pursuit of creativity and their ability to solve real-world problems that benefit us all.”
Overall, 2022 Technology Fast 500™ companies achieved revenue growth ranging from 241% to 125,138% from 2018 to 2021, with median growth of 611%.
“This year’s Technology Fast 500 list is a true reflection of some of today’s most determined and inspiring pioneers who have prospered by anticipating what’s next, understanding what’s needed to succeed and driving creativity forward,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit and assurance practice. “Representing all facets of technology, the winners have shown they not only have the vision but can also expertly manage their companies through rapid growth. We congratulate each winner on their impressive achievements.”
ClarisHealth previously ranked No. 462 as a Technology Fast 500 award winner for 2021. This year’s ranking is the latest recognition of the company’s momentum. Earlier in 2022, ClarisHealth ranked as one of the top-ten Largest Healthcare IT Companies in Nashville, was honored on the Forbes list of America’s Best Startup Employers, and ranked on the Inc. 5000 for the third year in a row.
About the 2022 Deloitte Technology Fast 500™
Now in its 28th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, 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 2018 to 2021. 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 US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
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submitted by: Amanda Bair