The health care startup saw 1,146 percent revenue growth from 2011 to 2014, plans to add 75 new employees in 2015
PORTLAND, Ore. – Portland-based HealthSparq ranked third on Portland Business Journal’s list of “100 Fastest Growing Private Companies” in Oregon and SW Washington. A leading provider of health care comparison-shopping tools, HealthSparq saw 1,146 percent growth in revenue from 2011 to 2014, and added 125 employees last calendar year. This is HealthSparq’s first appearance on one of Portland Business Journal’s fastest-growing lists.
HealthSparq’s tools allow consumers to comparison shop for more than 400 medical procedures based on cost and quality information. With the tools, people can see the total cost of care they’re responsible for paying out-of-pocket and also the amount their insurance will cover. They can also shop around by seeing how costs and quality vary from provider-to-provider in their region and abroad, and consider alternative care options suggested through the platform.
“We’re honored to join the list of the fastest-growing companies alongside Portland-area greats like Olympia Provisions and Elemental Technologies,” said Torben Nielsen, senior vice president of product and strategy at HealthSparq. “Our rapid growth is evidence that people are tired of blindly paying for their health care and they’re ready to take control over their health care experience.”
Currently, HealthSparq serves over 72 million members across 70 national health care plans. HealthSparq is projecting steady growth through the end of 2015, with 75 percent revenue increase and a total of 75 new hires.
HealthSparq empowers people to make smarter health care choices by providing the cost and quality information they need to truly compare health providers and services. By enabling people to see the total costs of care (pre- and post-procedure included) for over 400 medical treatments based on their individual health plan, comparison shop for procedures and providers, review quality ratings and learn about alternative care options, HealthSparq is helping people navigate the health care system and shop for health care as they never have before.
Since our founding in 2008, from our home in Portland, Oregon, HealthSparq has grown to serve 70 health plans and their 72 million members nationwide. Interested in joining a health care revolution? Contact us at www.healthsparq.com or tweet us @HealthSparq.