Prochant is a leader in healthcare revenue cycle management
“Covid-19, Inflation, Great Resignation and rising healthcare costs are all contributing to the acceleration of ‘value migration’ in healthcare.”
CHARLOTTE, N.C. (PRWEB)
August 31, 2022
Prochant has found its spot in the Inc. 5000 list of fastest growing private companies in the US. Iconic brands like Facebook, Under Armour, Microsoft, and Patagonia gained their first national exposure as honorees on the Inc. 5000. Mathew Mammen, CEO of Prochant explains why his company has advanced at a consistent Compounded Annual Growth Rate (CAGR) of over 25% in the last six years and why this second appearance on the list is no coincidence.
“Covid-19, Inflation, Great Resignation and rising healthcare costs are all contributing to the acceleration of ‘value migration’ in healthcare,” declared Mammen. “This means market share and investment are migrating from outdated business models to business designs that are better able to satisfy evolving customer priorities.
Healthcare providers who are thriving in this environment understand the importance of the right RCM partner and are prioritizing partners with technology capabilities, sustainable cost structures and enterprise level security while keeping an eye on single vendor dependencies. This has led to accelerated adoption of Prochant’s services. We are continuing to invest in Artificial Intelligence (AI) and Robotic Process Automation (RPA) technologies to raise the bar and deliver significant value to our customers.”
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Together, those companies added more than 68,394 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 http://www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine.
“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”
About Prochant, LLC
For more than 20 years, Prochant has helped HME/DME and Infusion Pharmacy providers automate and outsource their billing processes to accelerate their cash flow from insurance payers. Prochant provides solutions through an international technology and services team with domestic leadership and global resources spread across multiple US States and 4 Global Delivery Centers. Prochant is on the Inc. 5000 List of America’s fastest growing companies. It has HITRUST CSF certification, the gold standard for HIPAA. https://www.prochant.com/
More about Inc. and the Inc. 5000
Methodology
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine’s September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.
About Inc.
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.
For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/.
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