Watch­ing them grow

Health­care’s Hottest hon­ors those on the fast track

Modern Healthcare - - HEALTHCARE’S HOTTEST - David Burda, Ed­i­tor

Wel­come to our spe­cial sec­tion hon­or­ing Mod­ern Health­care’s in­au­gu­ral class of Health­care’s Hottest, the fastest-grow­ing com­pa­nies and or­ga­ni­za­tions in the $2.7 tril­lion health­care in­dus­try. In this sec­tion, we rank and pro­file all 40 of the com­pa­nies and or­ga­ni­za­tions that made this year’s list. We tell you what they do and what busi­ness strate­gies they use to grow so fast.

In ad­di­tion to the pro­files, you can lis­ten to ex­clu­sive pod­cast in­ter­views with ex­ec­u­tives from three of the com­pa­nies on this year’s list: Joel Barthelemy, founder and manag­ing di­rec­tor of Glob­alMed; Patrick Fos­ter, pres­i­dent and CEO of Cen­terre Health­care; and Dr. Dan Roth, pres­i­dent of Mercy Health Physi­cians.

You also can view a slideshow of this year’s hon­orees at mod­ern­health­­tos.

To par­tic­i­pate in the pro­gram, nom­i­nees must have gen­er­ated a min­i­mum of $20 mil­lion in an­nual rev­enue in their most re­cent fis­cal year and op­er­ated in one of four in­dus­try sec­tors: hos­pi­tals/hospi­tal sys­tems; physi­cian group prac­tices; pay­ers/in­sur­ers; and ven­dors/sup­pli­ers. They must have been head­quar­tered in the U.S. and been in busi­ness for at least six years. And they must have ei­ther been a pri­vately held for-profit, pub­licly traded for-profit or pri­vate not-for-profit cor­po­ra­tion or or­ga­ni­za­tion.

We an­nounced the pro­gram on Feb. 6, and the dead­line to par­tic­i­pate was May 25.

A to­tal of 86 com­pa­nies and or­ga­ni­za­tions par­tic­i­pated in this year’s pro­gram, which re­quired them to sub­mit fi­nan­cial doc­u­men­ta­tion demon­strat­ing their rev­enue growth. All sub­mit­ted fi­nan­cial doc­u­men­ta­tion was tab­u­lated and an­a­lyzed by Mod­ern Health­care.

A sam­ple of Mod­ern Health­care’s tab­u­la­tions was in­de­pen­dently as­sessed by the ac­count­ing and man­age­ment con­sult­ing firm of Deloitte & Touche, a sub­sidiary of Deloitte LLP, which pro­vides au­dit, tax, con­sult­ing and fi­nan­cial ad­vi­sory ser­vices to com­pa­nies of all sizes, in­clud­ing a prac­tice ded­i­cated to mid­dle-mar­ket firms. Mod­ern Health­care chose 40 com­pa­nies and or­ga­ni­za­tions as Health­care’s Hottest and is solely re­spon­si­ble for the fi­nal de­ter­mi­na­tion of the re­cip­i­ents.

We then pub­lished an al­pha­bet­i­cal list of the 40 fi­nal­ists, as mea­sured by rev­enue growth dur­ing the past six years, on July 23.

The re­search for this project was con­ducted by Mod­ern Health­care’s re­search depart­ment. Patrick Smith, an in­tern on Mod­ern Health­care’s ed­i­to­rial staff, wrote the com­pany pro­files. Re­porter Paul Barr con­ducted the pod­cast in­ter­views. We thank them for their fine work. More im­por­tantly, we thank all 86 com­pa­nies and or­ga­ni­za­tions that par­tic­i­pated in this year’s pro­gram, and we again con­grat­u­late the 40 that made this year’s rank­ing.

For more in­for­ma­tion on the Health­care’s Hottest pro­gram, please contact David Burda, ed­i­tor, at dburda@mod­ern­health­ or 312649-5439, or Julie Weiss­man, re­search di­rec­tor, at jweiss­man@mod­ern­health­ or 312-649-5459.

Please watch for an an­nounce­ment of the 2013 Health­care’s Hottest recog­ni­tion pro­gram early next year.

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