Health Catalyst, Welltok, CynergisTek garner spots on Inc.'s 5,000 fastest growing companies list

Health IT companies on the magazine’s annual roster specialize in a variety of products and services from analytics and cognitive computing to security management.
By Bernie Monegain
02:11 PM
Inc's 5,000 fastest

Health Catalyst CEO Dan Burton.

Among the 5,000 companies that Inc. ranked are representatives of several industries, of course, notably energy, retail, software, manufacturing, as well as food and beverage.

The magazine included 402 companies in the category of health, spanning staffing companies, health food enterprises, medical device makers, and more.

Following are the nine companies most relevant to Healthcare IT News readers:  

At 52 on the list, PrescribeWellness has developed cloud-based software healthcare professionals use to enhance medication adherence, patient loyalty and medicare plan comparison, ranked 52 on the list, up from 164. The Irvine, Calif.-based company, started in 2010, brought in $10.3 million in 2015, and posted its 3 year growth at 4.897 percent.

[Also: Health IT startups to watch in 2016: Running list of big news]

Ranking 109 is San Diego-based Cognitive Medical Systems, which focuses on standards-based software for clinical workflow, decision support and data modeling projects to provide real-time information for doctors, nurses and patients. Despite a growth rate of 2,997 percent, the company dipped from its 95 placing in 2015.  

Sitting at 194 on Inc.'s list, ServeRx provides IT systems for electronic workers' compensation prescription claims processing for independent pharmacies, non-pharmacy dispensing sites and national chains. The company brought in $47.3 million in revenue last year with a growth rate of 1,929 percent.

Close behind, at 196, is Portland, Ore.-based Health Sparq. The company develops healthcare transparency software for insurers and employers. And it accomplished a three-year growth rate of 1,914 percent with 2015 revenue at $20.3 million.

In the 304 spot is Welltok, the Denver-based maker of a healthcare consumer enterprise platform. Welltok’s three-year growth rate was 1,285 percent and 2015 revenue hit $26.2 million.

Coming in at 322 is Madison, Wisconsin-based Wellbe’s cloud computing service monitors patients and improves care delivery. It posted a three-year growth rate of 1,201 percent and 2015 revenue at $2.2. million.

At 384, Health Catalyst provides a data warehouse platform that integrates information from hospital clients to improve hospital care and drive down cost. The Salt Lake City-based vendor claimed a three-year growth rate of 998 percent and 2015 revenue of $41 million.

Ranking 512 is CynergisTek. The company offers healthcare information security management, regulatory compliance and IT audit and advisory services. It is based in Austin, Texas and earned a three-year growth rate of 746 percent and 2015 revenue of $22.4 million. 

For the fourth year in a row, healthcare consulting firm Divurgent is on the list, placing at 1834, with a three-year growth rate of 203 percent and 2015 revenue of $43.8 million. Divurgent helps clients with payment and delivery reform, as well as patient engagement, providing a higher quality of care while also lowering cost.

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