Healthcare Technology Company Achieves 1,261 Percent Revenue Growth from its Population Health Management Solutions.
BioIQ, a healthcare technology company, today announced that it ranked number 94 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. BioIQ experienced a compound annual growth rate of more than 92 percent between 2009 and 2013, or 1,261 percent over a five year period.
Justin Bellante, BioIQ CEO, attributes this growth to industry demand for population health management solutions and the popularity of the BioIQ technology platform, which meets this demand by automating corporate wellness programs and HEDIS quality initiatives. “Employers rely on the BioIQ platform as the data-management hub of their corporate wellness programs,” he said. “The platform also helps health plans, hospitals, and Accountable Care Organizations improve HEDIS quality measures and boost STARratings by engaging non-compliant members. BioIQ has proven its ability to measure vital health metrics and securely exchange wellness data.”
“The companies ranked on the 2014 Deloitte Technology Fast 500 set the bar for their industry higher each year,” said Eric Openshaw, vice chairman, Deloitte LLP. “There are so many exciting products and smart thought leaders driving this list. We congratulate the Fast 500 companies and look forward to seeing them continue their momentum into 2015.”
“For 20 years, the Deloitte Fast 500 rankings have honored the innovation that is part of these companies’ DNA,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “We’re glad to be serving these high-growth companies, and helping the technology sector recognize the great strides and transformation these companies are making in their respective areas.”
About Deloitte’s 2014 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.
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 or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years and be headquartered within North America.
BioIQ is a healthcare technology company that enables organizations to connect with their populations, measure vital health metrics, and achieve health improvement goals. BioIQ works with some of the largest employers and health companies in the nation. Since its inception in 2005, it has launched thousands of successful health improvement programs serving millions of participants.
Press Contact: David Baum
Director of Communications, BioIQ