DENVER, Aug. 16, 2017 /PRNewswire/ -- Welltok, the leading consumer health enterprise Software as a Service company, is among the top 5 percent of the nation's fastest growing private companies on Inc. magazine's 36th annual list. The company ranked #278 in its third consecutive recognition on the prestigious Inc. 5000 list. Welltok also ranked 6th among Colorado companies and 19th among health companies.
"It is a great honor to be ranked highly on the list three years in a row, and the ranking speaks to the importance of our mission of empowering and enabling individuals to become engaged health consumers," said Jeff Margolis, chairman and CEO for Welltok. "Our success is largely attributed to our innovative clients embracing the need for an enterprise-level platform that systematically connects consumers with the resources and tools that help them achieve optimal health."
Welltok has generated national recognition and built an impressive client roster by developing the health industry's leading consumer enterprise platform. The company's health optimization platform organizes the growing spectrum of health-related programs and resources into a unified, highly personalized experience for consumers while also helping population health managers improve operational efficiencies, maximize revenue and drive greater healthcare value.
Additionally, the company's technology-enabled service offerings effectively target and engage consumers to achieve client-specific business objectives ranging from closing gaps in care to acquiring new members. These services include Welltok Analytics Services, which leverage advanced analytics to provide actionable consumer insights in order to identify and target consumer needs and impactability; and Welltok Engagement Services, formerly Silverlink Communications, which develops and delivers engaging communications across all channels (text, email, IVR, mail and more) based on consumer preferences and goals.
Company milestones contributing to its growth trajectory, include:
- Expansion and diversification of its client base to include health plans, government programs (Medicare and Medicaid), large employers, providers, health and wellness organizations and retail pharmacy
- Launch of several new product offerings including SMARTReach, which combines its unparalleled analytics and communications capabilities; and the Virtual Benefit Agent, powered by IBM Watson, which is an artificial intelligence-powered chatbot that provides on-demand and personalized answers to questions about benefits and healthcare costs
- Continued expansion of Welltok's proprietary consumer database to include 275 million Americans and 1,600 variables such as income, household composition, purchasing habits and voting records
- Strategic partnerships with TeleTech, HealthFitness and IBM Watson to create combined high- and low-touch solutions to seamlessly serve the needs of both population health managers and consumers
Inc. 5000 is the most prestigious ranking of the nation's fastest-growing private companies and the 2017 honorees are being hailed as the "most competitive crop in the list's history." The list represents a unique look at the most successful companies in America. Welltok was ranked high thanks to an impressive three-year growth rate of 1,576%, compared to the list average of 481%.
Welltok, the leading consumer health enterprise Software as a Service company, is on a mission to empower consumers to achieve their optimal health. Its award-winning CaféWell Health Optimization Platform connects consumers with available and relevant benefits, resources and rewards by designing personalized action plans. Additionally, the company's technology-enabled services leverage both advanced analytics to derive meaningful consumer insights and multi-channel communications to reach consumers through the right channel with the right message. Welltok drives greater consumer engagement and healthcare value for customers across the healthcare continuum including payers, employers, government programs (Medicare and Medicaid) and providers. Follow Welltok on Twitter @Welltok.
About Inc. 5000
The 2017 Inc. 5000 is ranked according to percentage revenue growth when comparing 2013 to 2016. To qualify, companies must have been founded and generating revenue by March 31, 2013. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2016.
The Inc. 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. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
Erica Sniad Morgenstern
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