VirtualHealth Ranked 39th Fastest Growing Company in North America on Deloitte’s 2018 Technology Fast 500™
NEW YORK--(BUSINESS WIRE)--Nov 15, 2018--VirtualHealth, the leading SaaS platform for care management and population health, today announced it ranked No. 39 on Deloitte’s Technology Fast 500 ™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. The company also ranked within the top 10 fastest growing companies in New York City.
Adam Sabloff, founder and CEO of VirtualHealth, credits key customer wins and an industry leading product as the catalyst for the company’s 3336 percent revenue growth. “VirtualHealth was purpose-built to address critical gaps in care delivery and proactively meet the demands of value-based care,” Sabloff said. “We appreciate the confidence the industry has placed in our solution to manage care for nearly 8 million lives, and we are honored to be part of this exclusive list of innovative, forward-looking companies.”
In the past year, VirtualHealth has partnered with industry leaders and innovators, including WellCare Health Plans, Community Care of North Carolina, Chimes, and Inter Valley Health Plan to manage members enrolled in Medicare, Medicaid, and LTSS programs across more than 20 states. It was also honored by Modern Healthcare as one of the 2018 Best Places to Work for its diverse and dedicated team.
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21 st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”
Overall, 2018 Technology Fast 500™ companies achieved revenue growth ranging from 143 percent to 77,260 percent from 2014 to 2017, with median growth of 412 percent.
About Deloitte’s 2018 Technology Fast 500™
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 2014 to 2017.
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 $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
VirtualHealth is the first comprehensive platform purpose-built for integrated value-based care and is deployed by some of the most innovative plans in the country for the management of millions of members. Winner of the 2017 Frost & Sullivan Product Leadership Award, VirtualHealth delivers to payer and provider organizations the integrated capabilities needed to achieve a 360-degree patient view, driving the outcomes improvements and cost reductions required in today’s value-based care environment. The platform streamlines person-centered care/case and disease management and drives appropriate resource utilization through interdisciplinary collaborative workflows, broad spectrum interoperability, patient engagement, and configurable analytics and reporting. VirtualHealth empowers healthcare organizations to achieve enhanced outcomes while maximizing efficiency, improving transparency, and lowering costs. For more information, visit www.virtualhealth.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
View source version on businesswire.com:https://www.businesswire.com/news/home/20181115005587/en/
CONTACT: Media Contact:
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SOFTWARE HEALTH HOSPITALS NURSING MANAGED CARE
Copyright Business Wire 2018.
PUB: 11/15/2018 10:00 AM/DISC: 11/15/2018 10:00 AM