August 11, 2015
PLYMOUTH MEETING, Pa. - August 12, 2015 - Accolade today announced that the company hasearned a spot on the Inc. 5000 list of America's fastest-growing private companies for its robust revenue growth between the years 2011-2014. As the market-leading consumer health engagement platform for large employers, health systems and payers, Accolade ranks 1,661 among the 5,000 fastest-growing private companies in America and 151 among health companies on that list.
“Since being ranked by Inc. magazine as the fastest-growing health company in 2012, we've continued on a tremendous growth path as market demand has exploded for innovative solutions that help consumers overcome the complexity of healthcare and get the right care,” said Accolade CEO Tom Spann. “This recognition by Inc. is a testament to our team's ability to capitalize on these opportunities while continuing to make a real difference in the lives of the individuals and families we serve.”
Accolade has been achieving consistent financial results, with a compound annual growth rate of 80 percent since 2010. Accolade currently serves more than 50 employers, including those served through its relationship with Independence Blue Cross. With the company's recent announcement of new customer Temple University Health System, Accolade is now serving customers representing employers, payers and health systems.
Accolade's leading consumer engagement and influence solution helps consumers more effectively use their benefits and access the right care the first time. In July, Accolade secured $22.5 million in strategic funding to further strengthen its technology and analytics capabilities while capitalizing on a strong customer pipeline and growing market demand for healthcare solutions that are proven to save money, drive the right utilization and improve how consumers navigate the intricacies of the healthcare system to select high-quality care when it matters most.
The 2015 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 18 to September 22) is the most competitive crop in the list's history. The average company on the list achieved a three-year growth of 490%. The Inc. 5000's aggregate revenue is $205 billion, generating 647,000 jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
“The story of this year's Inc. 5000 is the story of great leadership. In an incredibly competitive business landscape, it takes something extraordinary to take your company to the top,” says Inc. President and Editor-In-Chief Eric Schurenberg. “You have to remember that the average company on the Inc. 5000 grew nearly six-fold since 2012. Business owners don't achieve that kind of success by accident.”
Accolade is the country's leading consumer healthcare engagement and influence platform for large self-insured employers and payer organizations. We help consumers navigate the complex world of healthcare and benefits, find the right providers and get the right care the first time. Our fully integrated solution is delivered through a powerful combination of Accolade Health Assistants® and advanced technology. By addressing some of the biggest problems facing healthcare - low engagement, lack of trust, and consumer knowledge gaps and errors - we're able to consistently save our customers an average of 5-15 percent per year while delighting the individuals and family members we serve. Headquartered in Plymouth Meeting, Pa., Accolade has been recognized as one of the nation's 25 most promising companies by Forbes magazine, twice-named among the fastest-growing private health companies on the Inc. 5000 list and a Top Workplace in Philadelphia for five consecutive years. For more information, visitwww.accolade.com.
About the Inc. 500|5000
The 2015 Inc. 5000 is ranked according to percentage revenue growth when comparing 2011 to 2014. To qualify, companies must have been founded and generating revenue by March 31, 2011. They had to be U.S.-based, privately held, for profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2014. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2011 is $100,000; the minimum for 2014 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. 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/5000.