WEST HARTFORD, Conn., Aug. 30, 2016 /PRNewswire/ -- SCIO Health Analytics today announced that Inc, magazine has named it to the 35th annual Inc. 5000 list of the fastest-growing private companies in America for the fifth consecutive year. As a five-time Inc. 5000 honoree, SCIO was also named to the honor roll.
In earning a place on the prestigious list, SCIO capped a year of explosive growth driven both by business expansion and merger and acquisition activity. The company's next-generation analytics platform is helping payers, providers, life sciences organizations and others in healthcare take advantage of the availability of broader datasets to develop more targeted, actionable insights.
For example, SCIO's use of behavioral and predictive analytics guides decision-makers by determining the offerings that are likely to be the most effective based on previous actions. It takes the guesswork out of program design, helping organizations improve outcomes and drive down costs. No other healthcare analytics company is currently delivering the breadth and depth of insights SCIO offers. Its Insights as a Service approach makes this level of analytics excellence available to more organizations by providing the consultative help to ensure insights are operationalized and action is taken to drive outcomes improvement.
"Healthcare has reached a crossroads where the old ways of doing things simply aren't sufficient anymore," said Krishna Kottapalli, SCIO's chief growth officer. "Payers, providers and everyone else in the industry need access to analytics that provide actionable insights to deliver better outcomes. That is what makes SCIO different, and what is driving our sustained growth. We are proud to earn this honor for the fifth consecutive year, and to be included among the elite of private businesses in America once again."
According to the publication, the 2016 Inc. 5000 is the most competitive crop in the list's history. The Inc. 5000's aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8 percent of all jobs created in the entire economy during that period. SCIO's continued presence on the list puts it in the company of organizations such as Microsoft, Dell, Domino's Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow and many other well-known names that gained their first national exposure as honorees of the Inc. 5000.
"The Inc. 5000 list stands out where it really counts," says Inc. President and Editor-In-Chief Eric Schurenberg. "It honors real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great – usually from scratch. That's one of the hardest things to do in business, as every company founder knows. But without it, free enterprise fails."
About SCIO Health Analytics
Based in West Hartford, Connecticut, SCIO Health Analytics is a leading health analytics solution and services company. It serves healthcare organizations across the continuum including over 20 provider groups and 30 health plans representing more than 90 million members, four of the top six PBMs, and clients in 30 countries for 8 of the top 15 global pharmaceutical companies. SCIO provides predictive analytic solutions and services that transform data into actionable insights, helping healthcare organizations create the understanding that drives change through care, network and reimbursement optimization as well as commercial effectiveness. SCIO's insights as a service approach supports the shift to value-based care, solving healthcare problems simply and efficiently. Visit SCIO's new website for up to date information on their product and solution offerings: www.sciohealthanalytics.com
SOURCE SCIO Health Analytics