Leading provider of an enterprise payment integrity technology platform for health plans attributes sustained revenue hyper-growth rate to industry shift toward innovation
Inc. magazine today revealed that ClarisHealth ranked for the second year in a row on its third annual Inc. 5000 Regionals: Southeast list, the most prestigious ranking of the fastest-growing Southeast private companies, based in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Puerto Rico, South Carolina, and Tennessee. ClarisHealth, the leading provider of the enterprise payment integrity technology platform for health plans Pareo, attributes its sustained revenue hyper-growth rate to an industry shift toward innovation.
According to ClarisHealth chief executive officer Jeff McNeese, payment integrity has been rising to 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.
“I can’t say enough about how proud I am of our team’s ability to serve our innovative health plan clients with a technology platform that’s transforming payment accuracy,” says McNeese. “It’s one thing to grow. It’s quite another to grow on this trajectory with consistency, especially in challenging times. But working together, we’re achieving incredible results.”
Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Southeast economy’s most dynamic segment–its independent small businesses. Between 2019 and 2021, these private companies had an average growth rate of 673–percent and, in 2021 alone, they added 25,844 jobs and nearly $7 billion to the Southeast region’s economy.
“This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America’s off-the-charts growth companies,” said Scott Omelianuk, editor-in-chief of Inc. magazine. “They’re disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you’ll be hearing about for years to come.”
This ranking is the latest recognition of ClarisHealth’s hypergrowth. In 2022, it ranked on the Inc. 5000 for the third year running and on the Deloitte Technology Fast 500 for the second year in a row. Its enterprise technology platform Pareo has been included as a sample vendor for prospective payment integrity by the Gartner Hype Cycle for U.S. Payers.
The companies on this list show a remarkable rate of growth across all industries in the Southeast region. Complete results of the Inc. 5000 Regionals: Southeast, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/southeast.
ClarisHealth, an Inc. 5000 and Deloitte Technology Fast 500 company and recognized as for prospective payment integrity solutions in the Gartner Hype Cycle, provides health plans and payers with the industry’s leading payment integrity operating system. Its proprietary, A.I.-powered enterprise technology platform Pareo® enables health plans to maximize cost avoidance and recoveries at the most optimized cost for a 10x return on their software investment.
More about Inc. and the Inc. 5000 Regionals
The 2023 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2019 and 2021. To qualify, companies must have been founded and generating revenue by March 31, 2019. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2021 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
submitted by: Amanda Bair