Certifi Ranks No. 1525 on the 2021 Inc. 5000 With Three-Year Revenue Growth Exceeding 300 Percent
MINNEAPOLIS, MN, August 18, 2021 – Certifi, Inc., the leading provider of automated benefits billing and payment solutions, today was named to the Inc. 5000, Inc. magazine’s annual ranking of the nation’s fastest-growing private companies. With three-year revenue growth exceeding 300%, Certifi placed in the top third of the list and was the 15th fastest-growing company in the Twin Cities metro region.
“We’re honored to be named to the Inc. 5000,” explained Certifi’s CEO, Jay Belschner. “Our growth speaks to the value our clients experience by upgrading and automating complex premium billing and payment management. We help customers ensure accuracy, gain efficiencies and ultimately significantly improve the member, employee, and broker experiences.”
Certifi’s Software-as-a-Service benefits billing and payment solution, William™, eliminates billing errors and rework, reduces call center traffic, and improves overall service quality. It’s in use in one of the largest international voluntary benefits conglomerates, has earned CMS certification as a billing and collection module in state Medicaid, is used by one of the first private health insurance exchanges, and has helped health insurers improve billing accuracy and the member experience.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled," says Scott Omelianuk, editor-in-chief of Inc. "Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we've lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people."
Inclusion on the Inc. 5000 adds to Certifi’s recent accomplishments. In addition to impressive growth, the company was a finalist for a 2020 Tekne award in the Financial Services Technology category and recently achieved R3 certification for its Medicaid premium billing and collections solution.
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 www.inc.com/inc5000.
Certifi has helped insurance companies, private and public health exchanges, Medicare, Medicaid, and benefits administrators automate premium billing since 2006. William™, the company’s cloud-based automated billing and payments platform, helps improve accuracy and efficiency in billing and payments thanks to an accounting-style transaction engine called Perfect Balance™. To date, Certifi has processed more than $5 billion in premium payments and handles nearly 10 million transactions per month.
About the Inc. 5000 Methodology
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 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 three decimal places. There was one tie on this year’s Inc. 5000. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.