Leading provider of payment integrity technology for health plans ranks #3548 in 2023 with three-year revenue growth of 139-percent
BRENTWOOD, Tenn. and NEW YORK, August 15, 2023 – Today, Inc. revealed that ClarisHealth ranks No. 3548 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. This year marks the fourth year in a row that ClarisHealth has ranked on this prestigious list. ClarisHealth credits this continuous growth to aggressive adoption of its technology platform Pareo® by health plans focused on digital transformation of their payment integrity operations.
“In an era of increasing healthcare costs, paying claims right the first time is of strategic importance to health plans,” says ClarisHealth CEO Jeff McNeese. “We are proud to empower payment integrity innovators who are looking for a better way to achieve this goal. And we are grateful to our incredible team for their commitment to transforming healthcare payment accuracy with technology.”
The ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and persistent hiring challenges.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
Health plans that implement Pareo accelerate improvements in healthcare claims payment accuracy. An analysis revealed Pareo clients recover overpayments 50-percent faster, increase recoveries 31-percent, and increase identifications 21-percent after the first year of platform adoption. Today, more than 20 health plans representing over 70M members utilize Pareo as their industry-standard operating system powering enterprise payment integrity.
This ranking is the latest recognition of ClarisHealth’s hypergrowth. In 2022, it ranked on the Inc. 5000 for the third year 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 for three years running.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.
More about Inc. and the Inc. 5000
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, slated for October 31 – November 2 in San Antonio, visit http://conference.inc.com/.
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