Prochant, the only AI-driven home-based care reimbursement service, has earned a spot on the Inc. 5000 list of fastest-growing private companies in the U.S. for the third consecutive year.
CHARLOTTE, N.C., Aug. 15, 2023 /PRNewswire-PRWeb/ -- Prochant, the only AI-driven home-based care reimbursement service, announced today that it has earned a spot on the Inc. 5000 list of fastest-growing private companies in the U.S. for the third consecutive year.
This prestigious ranking showcases the most successful companies within the economy's most dynamic segment—its independent, entrepreneurial businesses. Prochant joins the ranks of iconic brands such as Facebook, Under Armour, Microsoft, and Patagonia, which gained their first national exposure as honorees on the Inc. 5000.
"At Prochant, we've redefined innovation in the home-based care sector by incorporating human-in-the-loop AI tools into healthcare revenue cycle management. Our third-time inclusion on the Inc. 5000 list is a testament to our unwavering growth and the harmonious fusion of cutting-edge technology with a dedicated team of over 2,000 revenue cycle experts. Partnering with Prochant means harnessing the true power of AI-driven solutions, where technology and human expertise converge seamlessly. Embrace the future with us – together, we're reshaping healthcare revenue cycles for optimal efficiency and patient-centered care," said Mathew Mammen, CEO of Prochant.
The Inc. 5000 class of 2023 represents companies that have achieved remarkable revenue growth while navigating inflationary pressure, rising costs of capital, and enduring hiring challenges. This year's Inc. 5000 companies have added a collective 1,187,266 jobs to the economy over the past three years, contributing to the thriving entrepreneurial ecosystem.
Home-based care is a segment that's growing rapidly and represents the future of US healthcare. As the healthcare industry navigates significant shifts in home-based care reimbursement and faces an increasing demand for efficiency and precision, Prochant continues to set the standard. Through consistent growth and innovation, including the deployment of AI-driven tools and analytics, Prochant has automated key aspects of the reimbursement process. These technological advancements empower healthcare providers to adapt to ever-changing reimbursement models and regulations, enhancing patient care across the board. By aligning progressive strategies with the needs of the industry, Prochant is not only keeping pace with the current landscape but also shaping the future of home-based healthcare.
"Running a business has only gotten harder since the end of the pandemic," says Inc. editor-in-chief Scott Omelianuk. "Prochant's ability to make the Inc. 5000 for the third year—with the sustained growth that demands—is truly an extraordinary accomplishment. Inc. is thrilled to honor Prochant as a company that continues to shape our future."
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, visit www.inc.com/inc5000.
Established in 1999, Prochant is the premier AI-driven reimbursement service provider for the home-based care industry. We deliver focused revenue cycle management (RCM) solutions to healthcare providers, with our team of over 2,000 revenue cycle experts across 7 wholly-owned global delivery centers. Harnessing specialized automation technology and deep industry knowledge, Prochant streamlines the time-consuming and expensive reimbursement process. As a result, we help healthcare providers accelerate their collections, increase revenue, and reduce operational costs while managing risk. Prochant is HITRUST certified, the gold standard for HIPAA security.
More about Inc. and the Inc. 5000
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 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.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.'s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.