WEST HARTFORD, Conn., Aug. 21, 2014 /PRNewswire/ -- SCIO Health Analytics, a leading provider of actionable healthcare analytic solutions, was named to the 2014 Inc. 5000 list of fastest-growing private companies for the third consecutive year. The company received a ranking of 1,055. In addition, SCIO also was named among the top 20 Connecticut companies, ranking eighth.
"We are proud and honored to once again be included on this prestigious list of companies," said Siva Namasivayam, CEO, SCIO Health Analytics. "Our inclusion proves that there continues to be a growing need for the solutions we offer – from care and risk management and payment integrity, to consumer and employer, and network and provider."
Inc. magazine President and Editor-in-Chief Eric Schurenberg noted that "for 33 years, Inc. has welcomed the fastest-growing private companies in America to a very exclusive club. The average company on the list grew a mind-boggling 516 percent. Those are results most businesses could only dream of."
Market for Healthcare Analytics Growing
Namasivayam cited a recent report that stated the market for healthcare analytics is projected to increase at a 25 percent compound annual growth rate between 2014 and 2019. "We believe the company is positioned to leverage the growing demand for our actionable, technology-enabled solutions as healthcare mandates such as the Affordable Care Act, ICD-10 and Meaningful Use further drive the use of analytics in healthcare."
About SCIO Health Analytics
Based in West Hartford, Connecticut, SCIO Health Analytics is a leading health analytics services company, serving more than 50 health care organizations including 15 of the top 25 insurers that represent more than 80 million members. Through the use of integrated healthcare data and proprietary algorithms and technologies, SCIO Health Analytics focuses on providing actionable and predictive analytics, business services and insights in the areas of payment integrity, risk and care management, value-based benefit design, consumer engagement, consumer segmentation, ACO analytics, and network analytics to improve healthcare services and results. For more information about SCIO Health Analytics, please visit www.sciohealthanalytics.com.
SOURCE SCIO Health Analytics