Inc. Magazine Recognizes MicroHealth Among Fastest-Growing Companies in DC Region
By Andrew Tran|2021-04-05T19:46:52-04:00March 23rd, 2021|Blogs, News|Comments Off on Inc. Magazine Recognizes MicroHealth Among Fastest-Growing Companies in DC Region
Company Claims Spot 123 On List, Saw 97% Growth Over 2019
WASHINGTON, DC, March 23, 2021 – MicroHealth, a leading small business consultant on public sector healthcare IT projects, announced that Inc. magazine has ranked the company number 123 on its list of fastest growing DC region-based private companies.
“Even during an unprecedented year, our team drove a level of growth that has earned us a spot on a coveted list with innovative, successful businesses that call the DC region their home,” said Dr. Frank Tucker, CEO.
MicroHealth was founded to bring a nexus of healthcare and IT professionals together to better understand a client’s healthcare setting and technical needs and deliver the right solutions to their challenges. MicroHealth’s revenue grew 97% in 2020.
Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the D.C. area economy’s most dynamic segment—its independent small businesses.
The companies on this list show stunning rates of growth across all industries in the Washington, D.C., region. Between 2017 and 2019, these 250 private companies had an average growth rate of 211 percent and, in 2019 alone, they employed more than 120,000 people and added nearly $15 billion to the D.C. area economy. Companies based in major metro areas—Baltimore, Maryland, the Washington, D.C. area, and Richmond, Virginia—brought in the highest revenue overall.
“This list proves the power of companies in the Washington, D.C. area no matter the industry,” says Inc. editor in chief Scott Omelianuk. “The impressive revenues and growth rates prove the insight and diligence of CEOs and that these businesses are here to stay.”
The 2021 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2017 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2017. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2019 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc. Media
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 is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
About MicroHealth LLC
MicroHealth is on a mission to put the “health” in healthcare IT. To overcome today’s healthcare IT challenges, MicroHealth harnesses the combined knowledge and expertise from our seasoned team of health professionals, researchers, informaticists, and technologists who specialize in research, health information management, and technology. MicroHealth works with government agencies supporting healthcare technology development and implementation projects focusing on electronic health records, telehealth, agile software development, testing, and integration solutions. MicroHealth is a Center for Verification and Evaluation (CVE) Service Disabled Veteran Owned Small Business (SDVOSB) and Small Business Administration 8(a) firm. For more information, visit www.microhealthllc.com.