PatientBond Ranked #27 on the Inc. 5000 List of Fastest-Growing Private Companies in the Midwest with Two-Year Revenue Growth of 584%
NEW YORK, March 25, 2020 – Inc. magazine today revealed that PatientBond is No. 27 on its inaugural Inc. 5000 Series: Midwest list, the most prestigious ranking of the fastest-growing private companies in Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Midwest economy’s most dynamic segment – its independent small businesses.
The companies on this list show stunning rates of growth across all industries in the 12 Midwest states. Between 2016 and 2018, these 250 private companies had an average growth rate of 360 percent and, in 2018 alone, they employed more than 27,000 people and added $13 billion to the Midwest’s economy. Companies based in the Chicago, Detroit, and Cincinnati areas brought in the highest revenue overall.
“The companies on this list demonstrate just how much the small-business sector impacts the economies of each Midwest state,” says Inc. editor in chief Scott Omelianuk. “Across every single industry, these businesses have posted revenue and growth rates that are beyond impressive, further proving the tenacity of their founders and CEOs.”
Complete results of the Inc. 5000 Series: Midwest, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found here.
PatientBond helps healthcare organizations succeed in improving health outcomes, growing market share and increasing patient payment collections. Its platform for digital patient engagement automates email, text messaging, automated phone calls and in-app/portal messaging using a proven psychographic segmentation model developed by healthcare consumer experts from Procter & Gamble to motivate and activate desired patient behaviors.
PatientBond has proven to grow clients’ businesses significantly:
- Up to 90% reduction in hospital readmissions for Congestive Heart Failure and a form of spine surgery
- 43 percent increase in appointment show rates
- 57 percent increase in completed cancer screenings
- 4X increase in patient payment collections
- 67% reduction in patient collections write-off
PatientBond’s primary clients include hospitals, health systems, medical practices and urgent care centers, but also works with health insurance companies, employers and in partnership with other technology companies.
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More about the Inc. 5000 Regional Series Methodology
The 2020 Inc. 5000 Regional Series is ranked according to percentage revenue growth when comparing 2016 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent — not subsidiaries or divisions of other companies — as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2018 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.