Ongoing Innovation and Industry Leadership in Artificial Intelligence-Driven Health IT Solutions Helps Fuel 157% Revenue Growth Over Three Years
XiFin, a leading provider of innovative healthcare information technologies and services that deliver AI-enabled operational efficiency, interoperability, and simplicity, announced today that it has been named to Inc. 5000, Inc. Magazine’s annual ranking of the 5,000 fastest-growing private companies in America for a thirteenth time – a feat only 25 companies have accomplished since the award’s inception. The Inc. 5000 award is recognition of XiFin’s industry leadership in revenue cycle management (RCM) and workflow automation and of the company’s revenue growth of 157% over three years.
“Out of the tens of thousands of companies that have been recognized by Inc. across its five decades of tracking fast growth, some have disappeared, others, like Microsoft, Zillow, and Meta, have become household names, but very few have proven the consistent year-after-year growth to be an Inc. 5000 honoree a handful of times,” says Inc. editor-in-chief Scott Omelianuk. “To do it 13 times is a remarkable feat of operational savvy, team building, and consumer connection nearly unheard of in the fast-changing landscape of today’s business.”
Healthcare providers and facilities in the United States spent $17.9 billion on cloud-based technologies in 2022, with XiFin’s SaaS-based solutions addressing $8.3 billion of that total. XiFin’s client base includes 75% of the largest public laboratories and four of the five top integrated delivery networks. OmniSYS, XiFin Pharmacy Solutions, supports more than 30,000 retail pharmacies, including all five of the largest national retail pharmacy chains in the United States
“Innovation has been key to our growth, from investing early in AI technology to pioneering solutions that address the convergence of pharmacy and diagnostics,” said Lâle White, executive chair and CEO at XiFin. “Ultimately, our growth is a reflection of our ability to empower healthcare organizations to achieve greater efficiency so they can concentrate on doing good for patients and for the healthcare delivery system as a whole.”
In addition to being named to the Inc. 5000 list, XiFin has been recognized recently by Energage in earning two Top Workplaces USA awards for prioritizing a people-centered culture and giving employees a voice, and for the company’s investment in their employees’ wellbeing, satisfaction, and fulfillment while leading in the healthcare industry. XiFin also was recognized this year by Black Book Research for receiving the top customer and user satisfaction scores in nine of 18 revenue cycle management services key performance indicators and ranking #1 overall in the Black Book Market Research survey of healthcare and medical users of RCM solutions for laboratories, radiology, and outpatient service providers and other ancillaries.
Methodology
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.
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