Healthcare data technology company reports 103% three-year revenue growth
Receives a ranking for the first time
NEW YORK, 27 August 2024 /PRNewswire/ — Incl. recently announced the debut of Kythera Labs on the ranks of the 2024 Inc. 5000, the annual list of the fastest-growing private companies in America. The prestigious ranking offers a data-driven look at the most successful companies in the most dynamic segment of the economy – independent, entrepreneurial companies. Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia and many other well-known brands gained their first national exposure as Inc. 5000 honorees.
Kythera Labs, a data technology company that combines data science and data technology to enable greater accuracy in health data for healthcare and life sciences organizations, ranks 73rd in the Nashville metropolitan area and 4,249th nationwide in its first-ever appearance on the Inc. 5000 list.
“We are incredibly proud to be included on the Inc. 5000 list alongside so many other successful companies,” said Jeff McDonaldCEO and co-founder of Kythera Labs. “Kythera’s mission is to help the healthcare industry innovate and find answers faster and more cost-effectively. With recent technological advances, particularly in machine learning and AI, we are excited to capitalize on our momentum by providing the solutions and data needed to improve healthcare.”
Kythera has grown steadily over the past five years and has become a trusted resource across the industry. The company develops solutions to efficiently collect, organize, standardize, enhance and transform data, enabling the healthcare and life sciences industries to gain insights that lead to better patient outcomes.
Kythera recently received Qualified Entity certification from the Centers for Medicaid & Medicare Services (CMS). The CMS Qualified Entity (QE) program (also known as the Medicare Data Sharing for Performance Measurement Program) allows certified organizations to receive Medicare claims data under Parts A, B, and D. Only 39 organizations are QEs, and of those, only 23, including Kythera, have access to nationwide data. Kythera’s data technology transforms data from multiple sources into response-ready information, and access to nationwide Medicare claims expands Kythera’s ability to help its customers innovate across the healthcare and life sciences spectrum.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location and other criteria, can be found at www.inc.com/inc5000. All 5000 companies are featured on Inc.com, starting Tuesday, August 13and the Top 500 appear in the new edition of Incl. Magazine available at kiosks from Tuesday, August 20th.
“One of the greatest joys of my job is going through the Inc. 5000 list,” says Michael Hofmannwho recently joined Incl. as Editor-in-Chief. “As a journalist and storyteller, it’s fascinating to me to see companies transform entire industries in fascinating and surprising ways, from healthcare and AI to apparel and pet food. Congratulations also to this year’s honorees, who grew their companies rapidly despite the economic upheavals we’ve all faced over the past three years, from supply chain issues to inflation to workforce changes.”
More about Incl. and the Inc. 5000
methodology
Companies on the 2024 Inc. 5000 are ranked by percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generate revenue by 31 March 2020. They must be based in the United States, privately owned, for-profit and independent – not subsidiaries or divisions of other companies – December 31, 2023(In the meantime, some of the companies on the list may have gone public or been acquired.) The minimum turnover required for 2020 is 100,000 US dollars; the minimum for 2023 is 2 million dollars. As always, Incl. reserves the right to reject applicants for subjective reasons. The growth rates used to determine the company ranking were calculated to four decimal places.
To Incl.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Incl. aims to inform, educate and raise the profile of our community: the risk-takers, the innovators and the extremely motivated doers who are shaping our future. Incl.‘s award-winning work reaches a monthly brand presence of more than 40 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters and social media. The company’s proprietary Inc. 5000 list, compiled annually since its inception as the Inc. 100 in 1982, analyzes company data to identify the fastest-growing private companies in the United StatesThe recognition that comes with inclusion in these and other prestigious Incl. Lists like Female Founders and Power Partners give the founders of top companies the opportunity to engage with an exclusive community of like-minded individuals and gain credibility that helps them increase revenue and recruit talent. For more information, visit www.inc.com.
For more information about the Inc. 5000 Conference & Gala, hosted by 16 to 18 October In Palm Desert, Californiaplease visit http://conference.inc.com/.
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