Healthcare Data Technology Firm's Three-Year
Revenue Growth of 103%
Earns First Time Ranking
NEW
YORK, Aug. 27, 2024 /PRNewswire/
-- Inc. recently revealed the debut of Kythera Labs to
the ranks of the 2024 Inc. 5000, the annual list of the
fastest-growing private companies in America. The prestigious
ranking provides a data-driven look at the most successful
companies within the economy's most dynamic segment—its
independent, entrepreneurial businesses. Microsoft, Meta, Chobani,
Under Armour, Timberland, Oracle, Patagonia, and many other
household-name brands gained their first national exposure as
honorees on the Inc. 5000.
We're incredibly proud to be recognized on
the Inc. 5000 list among so many other successful companies.
Kythera Labs, a data technology company that unifies data
science and data technology to enable higher fidelity in healthcare
data for healthcare and life sciences organizations, ranked #73 in
the Nashville metro area and
#4,249 nationally in its first ever appearance on the Inc. 5000
list.
"We're incredibly proud to be recognized on the Inc. 5000 list
among so many other successful companies," said Jeff McDonald, CEO and co-founder of Kythera
Labs. "Kythera's mission is to help the healthcare industry
innovate and reach answers faster and more cost efficiently. With
the recent advances in technology, especially machine learning and
AI, we're excited to capitalize on our momentum by providing the
solutions and data necessary to improve healthcare."
Over the past five years, Kythera has steadily grown and become
a trusted resource across the industry, building solutions that
efficiently collect, organize, standardize, improve, and transform
data—empowering the healthcare and life sciences industries to
uncover insights that lead to better patient outcomes.
Most recently, Kythera received certification as a Qualified
Entity 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), enables
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 data
technology transforms multi-source data into answer-ready
information, and access to the nationwide Medicare claims expands
Kythera's ability to help its customers innovate across the health
care and life sciences spectrum.
For complete results of the Inc. 5000, including company
profiles and an interactive database that can be sorted by
industry, location, and other criteria, go to www.inc.com/inc5000.
All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the
new issue of Inc. magazine, available on newsstands
beginning Tuesday, August 20.
"One of the greatest joys of my job is going through the Inc.
5000 list," says Mike Hofman, who
recently joined Inc. as editor-in-chief. "To see all of the
intriguing and surprising ways that companies are transforming
sectors, from health care and AI to apparel and pet food, is
fascinating for me as a journalist and storyteller. Congratulations
to this year's honorees, as well, for growing their businesses fast
despite the economic disruption we all faced over the past three
years, from supply chain woes to inflation to changes in the
workforce."
More about Inc. and the Inc. 5000
Methodology
Companies on the 2024 Inc. 5000 are ranked according to percentage
revenue growth from 2020 to 2023. To qualify, companies must have
been founded and generating revenue by March
31, 2020. They must be U.S.-based, privately held,
for-profit, and independent—not subsidiaries or divisions of other
companies—as of December 31, 2023.
(Since then, some on the list may have gone public or been
acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 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.
About Inc.
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 achieves a monthly brand footprint of more than 40 million
across a variety of channels, including events, print, digital,
video, podcasts, newsletters, and social media. Its proprietary
Inc. 5000 list, produced every year since its launch as the Inc.
100 in 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.
For more information on the Inc. 5000 Conference & Gala, to
be held from October 16 to 18 in
Palm Desert, California, please
visit http://conference.inc.com/.
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SOURCE Kythera Labs