DENVER, Aug. 17, 2015 /PRNewswire/ -- Welltok, developers of the CafeWell Health Optimization Platform, is among the top five percent of the nation's fastest-growing private companies, ranking #235 on Inc. magazine's 34th annual Inc. 5000 list. As a result of an aggressive three-year growth trajectory, Welltok debuted high on the list and ranked #8 among top Colorado companies and #24 among health companies.
"Our strong entry on the Inc. 5000 list demonstrates the market opportunity and need for a consumer-facing platform in healthcare," said Jeff Margolis, chairman and chief executive officer for Welltok. "Our CafeWell platform creates a critical convergence among healthcare stakeholders – population health managers, digital health innovators and consumers – that has never been done before. This unprecedented alignment, along with new technologies and analytics, enables us to directly connect individuals with the right tools and resources that guide and incentivize them to optimize their health."
Welltok has generated national recognition and an impressive client roster for developing the health industry's first consumer enterprise platform. CafeWell organizes the growing spectrum of health improvement programs and resources, and obtains unparalleled consumer insights through advanced analytics and cognitive computing to create personalized, adaptive health itineraries. It provides health plans, at-risk providers, large employers and other population health managers with an efficient and effective way to engage, activate and reward consumers, which drives greater healthcare value across all types of populations.
Company milestones in the past three years include:
- Raising approximately $100 million in funding from top-tier venture capital firms, including Bessemer Venture Partners, Emergence Capital Partners, InterWest Partners and NEA
- Growing its employee base more than 600 percent and building an unparalleled leadership team
- Establishing a national presence and bolstering expertise with the acquisition of three industry-defining organizations: healthcare predictive analytics leader Predilytics, incentive design and reward management company IncentOne, and user experience and design team Mindbloom
- Securing the Watson Group's first investment and partnering with IBM Watson as its first consumer health partner for the launch of the CafeWell Concierge app
"Welltok was founded on the premise that the health industry has largely been focused on 'sickcare' and consumers are missing from the equation. By engaging and supporting consumers in their everyday health at a personal level, we are leading a movement in the industry that's rewarding for all – and could go a long way towards solving the healthcare crisis in the U.S.," said Scott Rotermund, co-founder and chief growth officer for Welltok.
According to the magazine, the 2015 Inc. 5000 is the most competitive group in the list's history. Welltok's three-year growth rate of 1,876 percent exceeded the 490 percent average of companies on the list by three-fold. Welltok now joins the ranks of many well-known brands that gained early exposure as members of the Inc. 5000, including Yelp, Pandora, Timberland, Dell, Domino's Pizza and LinkedIn.
About Inc. Media
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The Inc. 500|5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions. For more information on Inc. and the Inc. 5000 Conference, visit http://www.inc.com/
About Welltok, Inc.
Welltok, Inc. is fundamentally transforming the way population health managers partner with consumers to optimize their health and get rewarded. Its groundbreaking CafeWell Health Optimization Platform™ organizes the growing spectrum of health and condition management programs, apps and digital tracking devices. The platform, accessible via web and mobile, drives engagement by providing personalized guidance and leveraging social, gaming and cognitive technologies. Welltok's novel approach increases revenue, improves operational efficiency and drives healthcare value. Follow Welltok on Twitter @Welltok
Erica Sniad Morgenstern
SOURCE Welltok, Inc.