Welltok Ranks #1 Fastest Growing Company in Colorado and #74 Nationwide on Deloitte’s 2016 Technology Fast 500
Welltok, the leading consumer health enterprise Software as a Service company, today announced it ranked #74 on Deloitte’s Technology Fast 500™, a listing of the 500 fastest growing companies in North America. In Welltok’s 2nd consecutive year on the list, the company moved up to the #1 spot in the Colorado market.
“Welltok’s continued growth and success is attributed to our innovative clients who recognized the need for an enterprise consumer platform that empowers and enables individuals to achieve and sustain their optimal health,” said Jeff Margolis, chairman and chief executive officer for Welltok. “As we look towards 2017, we anticipate the role of the health consumer to grow considerably, and the need to systematically connect and support them to become even more of an imperative in order to drive change and more value into the healthcare system.”
Welltok 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.
The Deloitte Fast 500 ranking comes on the heels of notable activity for the company, including: a $33.7 million round of funding, new developments from Welltok Analytics (formerly Predilytics) and Welltok’s Applied Cognitive Computing Practice, as well as continued growth in key markets segments – commercial health plans, Medicare and employers.
This is the second fastest growing company list Welltok has landed on in 2016. Welltok was also ranked #304 on the Inc. 5000 list, placing it among the top six percent of the nation’s fastest-growing private companies.
The Deloitte Technology Fast 500 list is the leading technology awards program in North America, ranking the fastest growing companies in technology, media, telecommunications, life sciences and energy tech. Companies must meet a list of criteria, including minimum base year operating revenues of at least $50,000 and current year operating revenues of at least $5 million. The list is compiled from submitted nominations and public company database research conducted by Deloitte LLP.