Kyruus Health Achieves Record Growth as Searches for Care Surpass 1 Billion

Care access leader adds 12M health plan members and 100 new provider organizations to its platform

BOSTON, Feb. 5, 2025 /PRNewswire/ -- Kyruus Health delivered record-breaking growth in 2024, solidifying its position as the leading care access platform. The company significantly expanded its network, growing its connected providers—across health plans and providers—by almost 20%. Today, over 500,000 providers across 1,400 hospitals, 550 independent medical groups, and 100 health plan brands rely on Kyruus Health to engage patients and members seeking care across various channels, including search engines, portals, and government websites.

Platform utilization across these stakeholders continued to grow in 2024, as Kyruus Health has enjoyed a compound annual growth rate (CAGR) of 51% in care searches, 21% in appointments booked, and 20% in patient check-in's since 2022, leading to the exchange of 2.7 petabytes of data each month. This substantial growth in utilization underscores the pivotal role of data management in connecting patients who are searching for the right care.

Profitable since 2023, the company also saw significant growth in key financial metrics in 2024, including revenue, gross margin, EBITDA margin, and cash flow. This strong financial performance will further fuel investment in innovation and expansion of the company's leading care access platform with Kyruus Health projected to exceed $150 million in ARR in 2025.

"This year has been one of extraordinary growth and expansion for Kyruus Health," said Graham Gardner, MD, founder and CEO at Kyruus Health. "We're proud to partner with leading healthcare organizations to identify, develop, and deliver the right data and software solutions to help them care for those they serve. As we look ahead, our commitment is to continue developing and acquiring innovative solutions that strengthen the connections between payers and providers, ensuring that patients receive the access they need through seamless, data-driven engagement."

Enhancing the Member and Patient Experience Thru Data Management
For health plans, Kyruus Health's ability to bring together provider data alongside cost data enables accurate and actionable member journeys through digital experiences or API infrastructure. This not only enhances member engagement but also enables compliance with provider directory accuracy regulations and strengthens network adequacy efforts. In delivering seamless digital patient experiences across leading EHRs, Kyruus Health strengthens patient access strategies by allowing health systems to fully leverage their digital investments, bridging gaps to boost patient engagement, drive brand awareness, and increase appointment bookings.

Driving Success Through Innovation
Kyruus Health continued its commitment to delivering exceptional value for clients through continuous product innovation across Kyruus Health's care access platform. In 2024, the company propelled this innovation even further with the release of three strategic products:

• Reach: Amplifying Patient Acquisition - Harnessing the robust provider data capabilities of Kyruus Connect, Reach empowers healthcare organizations to effortlessly manage and update their digital listings. With a focus on channels proven to drive patient traffic and appointments, Reach optimizes online presence for maximum impact. Launched just three months ago, Reach is already transforming patient acquisition. Intermountain Health, an early adopter, saw a 42% increase in appointments booked via Reach's integration with Google Reserve in the first two months.
• Guide: Navigating Care with AI-Powered Simplicity - Leveraging the power of large language models, Guide utilizes natural language processing and generative AI to revolutionize the patient care journey. By understanding and responding to natural language queries and leveraging our data management infrastructure, Guide creates a seamless and intuitive experience for individuals seeking the right answers and the right care. Guide helps members select the provider who best fits their medical and personal preferences. It achieves this by offering clear, concise definitions of clinical specialties and medical terminology, empowering patients to make informed decisions.
• Provider Data Solutions: The Foundation of Accurate, Accessible Care - Kyruus Health's Provider Data Solutions ensure quality data through comprehensive ingestion, curation, and cleansing of provider information from diverse sources. Building on existing compliance and attestation capabilities, these solutions create a single, trusted source of truth for provider data. This ensures convenience, reliability, and accuracy across all access points. Kyruus Health's payer customers are already experiencing the benefits, with enhanced provider profiles leading to increases in member interactions of up to 114%.

Looking Ahead to 2025
"Kyruus Health is well-positioned to capitalize on the growing demand for solutions that improve care access and navigation," noted Paul Merrild, President at Kyruus Health. "The company's strong revenue growth, expanding market reach, and commitment to innovation have helped make it the go-to platform for organizations looking to optimize how to engage patients and guide them to the right care. As the healthcare industry continues to evolve, Kyruus Health's focus on connecting patients with the right care through a data-driven approach is essential to growth and engagement."

ABOUT KYRUUS HEALTH
Kyruus Health is the leading care access platform on a mission to connect people to the right care. The company connects over 500,000 providers across 1,400 hospitals and 550 medical groups, and members across 100 health plan brands, so every stakeholder can access and harness the most accurate, comprehensive, and contextually relevant information. By enabling informed decisions and confident action, the care access platform supports healthier outcomes, reduces friction in healthcare, and grants more time back in everyone's day. To learn more, visit KyruusHealth.com or follow us on LinkedIn.

MEDIA CONTACTS
Jeff Rusack
Media Relations Manager, KNB Communications
[email protected]

Ashley Dauwer
Corporate Marketing and PR Manager, Kyruus Health
[email protected]

SOURCE Kyruus Health