AURORA, Ill.--(BUSINESS WIRE)--Simplify Healthcare, a leading healthcare Payer cloud technology platform company has been named a winner and ranks No. 132 on the fourth annual Inc. 5000 Regionals Midwest list, the most prestigious ranking of the fastest-growing private companies based in Iowa, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, North Dakota, Nebraska, Ohio, South Dakota, and Wisconsin. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Midwest region economy’s most dynamic segment–its independent small businesses.
“It is an honor to be recognized on the Inc. 5000 Regionals Midwest list for the third consecutive time. It is a resounding validation of our approach to address the connected benefits and provider journeys at payers. By helping reduce operational costs, improve member experience, and position themselves for the future, we have become key strategic partners to our customers. Our customers see tremendous value and potential in our offerings. I am grateful to all our customers, partners, and employees for their continued support.” – Mohammed Vaid, CEO and Chief Solution Architect, Simplify Healthcare
The companies on this list show a remarkable rate of growth across all industries in the Midwest region. Between 2019 and 2021, these private companies had an average growth rate of 535% percent and, in 2021 alone, they added 22,750 jobs and nearly $13.9 billion to the Midwest region’s economy. Companies based in the Chicago, Illinois, Noblesville, Indiana, and Overland Park, Kansas, areas had the highest growth rate overall.
The complete results of the Inc. 5000 Regionals Midwest, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/midwest starting February 28, 2023.
“This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America’s off-the-charts growth companies. They’re disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you’ll be hearing about for years to come”, says Scott Omelianuk, Editor-in-Chief of Inc.
About Simplify Healthcare
Simplify Healthcare is redefining how Payers, TPAs, and ASOs address the toughest operational challenges faced in today’s competitive marketplace to help them improve stakeholder experience and boost membership retention and growth. Simplify Healthcare's scalable end-to-end cloud-based platforms — Benefits1™, Service1™, Experience1™, Claims1™, and Provider1™ are enabling Payers to Simplify Product, Benefits, and Provider Lifecycle Management.
For more information, please visit www.simplifyhealthcare.com
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More about Inc. and the Inc. 5000 Regionals
Methodology
The 2023 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2019 and 2021. To qualify, companies must have been founded and generating revenue by March 31, 2019. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2021 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyses company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
