Attributes 408 Percent Revenue Growth to Customer Commitment, Industry Growth, and a Dedicated Team
Reston,VA, November 16, 2016 — hCentive today announced it ranked 205 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. hCentive grew 408 percent during this period.
hCentive’s chief executive officer, Sanjay Singh, credits hCentive’s commitment to their customers, the growth and pace of the healthcare industry, and the dedicated hCentive team with the company’s 408 percent revenue growth. He said, “We are very pleased on being selected as a Technology Fast 500 award winner again this year. It is a recognition of the best team in the business we have and their absolute commitment to the success of our clients.”
“Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. “This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls.”
“This year’s Fast 500 winners showcase that when organizations are open to diverse perspectives and insights, they are able to create an environment for their employees and customers to see the possibilities and ingenious solutions that might lie ahead,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching these companies continue to drive change across all sectors.”
hCentive previously ranked 62 as a Technology Fast 500™ award winner for 2015.
Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent.
About Deloitte’s 2016 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2012 to 2015.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
hCentive was founded in 2009 specifically to create technology solutions for the health insurance marketplaces created by the Affordable Care Act (ACA). Our mission is to assist every American in gaining access to quality healthcare. Our singular focus on marketplace technology has provided us with a unique ability to understand the industry, enabled us to exceed our clients’ expectations, and earned us the reputation of being an industry leader.
Over 25 governments, carriers, and brokers rely on hCentive’s technology, allowing over eight million ACA enrollments to be processed.