Wellbe Debuts on the Inc. 500 List of America's Fastest-Growing Private Companies with Three-Year Sales Growth of 1200%
MADISON, Wis., Aug. 17, 2016 /PRNewswire-USNewswire/ -- Wellbe made its debut today in Inc. magazine's 35th annual Inc. 500, the most prestigious ranking of the nation's fastest-growing private companies. Companies such as Microsoft, Dell, Domino's Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 500.
"We are extremely pleased to be included among this exceptional group of high-growth businesses. Our success results from our team's commitment to our mission to make healthcare more effective, accessible, and affordable, and to the visionary health system leaders who partner with us to achieve these goals," said James Dias, Wellbe founder and CEO.
Wellbe enables more effective connections between patients and providers, allowing hospitals to deliver innovative models of care that improve health outcomes while reducing costs. Since 2012, Wellbe has covered 31,000 total contracted episodes in key markets across the U.S. and U.K., with continued robust growth expected.
The patient and consumer experience and coordinated workflow markets attracted $1.3 billion of the record-breaking $4 billion investment in digital health for the first half of 2016, according to a report by StartUp Health. Sg2 reports that in-patient joint replacement surgeries, the initial procedure on which Wellbe focused, are predicted to increase 24% between 2013 and 2023, driven by both demographics and shifts in Medicare reimbursement. The industry's accelerating movement to bundled payments also underscores the need for more highly coordinated care. Wellbe is expanding to include spine, cardiac, and obstetrics, service lines that are also expected to see high growth in the coming years.
In addition to landing among the top 500 in Inc.'s ranking at #322, Wellbe has grown from six to more than 30 employees in the last four years. The company was recently recognized by Modern Healthcare Magazine as one of 100 Best Places to Work in Healthcare for 2016, and has been named a semi-finalist in the 2016 Triple Tree iAwards for "insight, initiative, and innovation in healthcare."
Methodology
The 2016 Inc. 5000 is ranked according to percentage revenue growth comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012, be U.S.-based, privately held, for profit, and independent as of December 31, 2015. The minimum revenue for 2012 is $100,000; and for 2015 is $2 million. Companies on the Inc. 500 represent the top tier of the Inc. 5000. Visit http://www.inc.com/inc5000.
About Wellbe (http://www.wellbe.me)
Wellbe enables high-performing health systems throughout the U.S. to transform care models by improving patients' experiences, satisfaction, and health outcomes while reducing costs. Wellbe's cloud-based platform facilitates connected care between patients and healthcare providers across an episode such as a joint replacement surgery, empowering patients to participate as active partners in their treatment, and giving providers the ability to monitor large numbers of patients more effectively.
SOURCE Wellbe, Inc.
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