MIAMI, Nov. 16, 2016 /PRNewswire/ — HealthCare.com today announced that it ranked 99th on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America.
Over the three years ending in 2015, HealthCare.com’s revenue grew more than 1,000%. The privately-held company expects its revenue in 2016 to increase by nearly 400% above 2015 results, and has expanded its services into the large market of Medicare-eligible consumers.
Earlier this year, HealthCare.com was honored as a Red Herring 100 North America company for its “game changing” approach to helping consumers shop for health plans, and it was also recognized by Inc. 500 as the sixth fastest-growing private company in the insurance segment.
“We are honored to be recognized by Deloitte as a Fast 500 winner in 2016,” said Howard Yeh, co-founder and president of HealthCare.com. “Since launching, our goal for the company was to apply our technology, data and health insurance expertise in a way that helps consumers make better healthcare purchase decisions, starting with their health insurance coverage. There’s still a lot more work to do, but we’re really proud as a team of what we’ve accomplished to this point.”
Overall, 2016 Technology Fast 500™ companies achieved revenue growth ranging from 121 percent to 66,661 percent from 2012 to 2015, with median growth of 290 percent.
“Today, when every organization can be a tech company, the most effective businesses not only foster the courage to explore change, but also encourage creativity in using and applying existing assets in new ways, as resourcefully as possible,” said Sandra Shirai, principal, Deloitte Consulting LLP and U.S. technology, media and telecommunications industry leader. “This ingenious approach to innovation calls for the encouragement of curiosity and collaboration both within and outside the office walls.”
Added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “Entrepreneurial environments foster change and innovation within businesses, and we look forward to watching HealthCare.com continue to drive change in its business sector.”
HealthCare.com has emerged as one of the most-visited online health insurance destinations. The unbiased website features virtually all state-based exchange plans, federal exchange plans, many private, off-exchange plans and options for Medicare-eligible consumers. Using interactive tools and innovative technology, HealthCare.com continues to grow its services to help consumers compare health insurance costs and subsidies for free, and match them with licensed agents at national call centers, web-based entities or directly with a carrier. The goal of HealthCare.com is to help consumers easily research information, compare health insurance quotes from insurance carriers using interactive tools and innovation, and ultimately enroll into coverage. Using trusted recommendations and a comparison-shopping experience to simplify decision-making, consumers can find the right health insurance plan that fits their lifestyles. HealthCare.com has offices in New York City, Miami, FL and Guatemala City. For more information, visit www.healthcare.com.
About Deloitte’s 2016 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2012 to 2015.
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, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
As used in this document, “Deloitte” means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.