RESTON, Va., Nov. 16, 2015 /PRNewswire/ -- hCentive, the leader in health insurance exchange solutions, announced today it was ranked #12 on the Washington Business Journal Fast 50 and #62 on the Deloitte Technology Fast 500 in North America. hCentive's technology platforms and solutions allow U.S. government agencies, insurance carriers and brokers to offer health insurance and benefits to consumers and businesses through reliable and easy-to-use marketplaces.
For the Washington Business Journal Fast 50 list, the company must have a minimum of $2 million in revenue in 2011 and reach $10 million in revenue by 2013 — without dipping in between those years. Companies eligible for the Deloitte Technology Fast 500 recognition must be headquartered in North America, have been in business for at least four years, and reported FY 2011 operating revenues of at least $50,000 and FY 2014 revenues of at least $5 million.
- Ranked #4 in the Mid-Atlantic region on the Deloitte Technology Fast 500
- 1,407% growth rate between 2011 and 2014, placing it among only 89 companies on the Deloitte Technology Fast 500 list with growth rates of 1,000% or higher
- Average growth rate of 77.51% a year from 2012 to 2014, based on revenue reported on the Washington Business Journal Fast 50
Sanjay Singh, Co-Founder & Chief Executive Officer, hCentive, Inc.
"We're thrilled to earn this recognition from the Washington Business Journal and Deloitte and are proud of our contributions to the growth of the Washington D.C. area's technology industry. Our technology is designed to deliver on our mission to empower access health benefits by simplifying the solution and experience for governments, carriers, brokers and the employers and consumers they serve. We look to our continued growth through hiring of top talent, fostering a high performance culture, and further refinement and expansion of our healthcare solutions."
To qualify for this Washington Business Journal Fast 50 list, all companies must be headquartered in the region and maintain growth across three consecutive years. The Washington Business Journal calculates the percent change between revenue from 2011 and 2012 and revenue from 2012 and 2013, and then averages the two percent changes to rank the List.
- hCentive: www.hcentive.com
- Deloitte Technology Fast 500: www.fast500.com
- Washington Business Journal Fast 50: http://www.bizjournals.com/washington/news/2015/10/30/meet-this-years-fastest-growing-companies.html
At hCentive, our mission is to empower everyone to gain access to health benefits. We are a leader in public and private exchange solutions that simplify the distribution and management of health insurance and ancillary benefits. Our WebInsure™ solutions fully support government agencies, insurance carriers, and brokers as they engage consumers and businesses and offer transparent access to benefits choices. Our innovative technologies deliver an integrated online benefits shopping and enrollment experience that is convenient and available anytime and anywhere. For more information, visit www.hcentive.com.