Company ranked #47 in Minnesota with 3-year-revenue growth exceeding 175%
MINNEAPOLIS, MN, August 31, 2022 – Certifi, Inc., the leading provider of automated benefits billing and payment solutions, was again named to the Inc. 5000, Inc. magazine’s annual ranking of the fastest-growing private companies. The company’s three-year revenue growth exceeded 175%, placing it as the 47th-fastest-growing Minnesota company and #3053 in the US. Certifi joins an elite list of 945 companies that have been named to the Inc. 5000 list multiple times.
“We’re honored to once again be named to the Inc. 5000,” said Certifi’s CEO, Jay Belschner. “Back-to-back appearances on the list exemplify the value we bring to our clients by automating complex benefits billing processes. We’re uniquely qualified to help clients deliver exceptional employee, member, and broker experiences.”
Certifi helps state Medicaid agencies, health insurers, benefits administrators, state and private health insurance exchanges and employers simplify complex benefits billing. Certifi’s William™ software delivers an intelligent, automated premium billing and payment platform that includes rules-based delinquency management, a convenient secure payment portal, and a unique Perfect Balance™ accounting design.
Certifi continues to garner industry awards and certifications. Certifi was named a finalist in MNTech’s Tekne Awards for Financial Services Technology and Artificial Intelligence/Machine Learning categories in the past two years. Certifi’s premium billing and collections module for state Medicaid recently successfully achieved R3 certification under the requirements of the Medicaid Enterprise Certification Toolkit (MECT).
“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.”
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. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. 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 www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine.
Certifi has helped insurance companies, private and public health exchanges, state Medicaid agencies, 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 $7 billion in premium payments and handles nearly 10 million transactions each month.
More about Inc. and the Inc. 5000
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.
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 www.inc.com. For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/.