Company Attributes 258% Revenue Growth to Industry-Leading Solutions That Help Customers Commercialize Their Products
FRAMINGHAM, MA – November 30, 2020 – Definitive Healthcare today announced it earned a spot on Deloitte’s Technology Fast 500™ — a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences and energy tech companies in North America – for the fourth consecutive year. Definitive Healthcare grew 258% during this period.
Definitive Healthcare’s founder and chief executive officer, Jason Krantz, credits the company’s three-year 258% revenue growth to curating the industry’s most comprehensive healthcare dataset and analytics. Over the past three years, the company has dramatically expanded the depth and breadth of its industry-leading healthcare data, and then used proprietary machine-learning tools and new algorithms to add a layer of intelligence. As a result, Definitive Healthcare customers can better understand their total addressable market, more easily target winning segments, and efficiently commercialize their products.
"We are very proud to earn this meaningful recognition by Deloitte for the fourth year in a row, particularly as we continue to achieve dramatic revenue growth," said Jason Krantz, founder and CEO of Definitive Healthcare. “Our success is directly driven by our customers’ success. We continually hear from our clients that the unique insights they get from our platform enable them to identify the right markets and customers to target. We’re very optimistic about the opportunity for Definitive Healthcare to continue to grow with our customers.”
This is the fourth consecutive year Deloitte recognized Definitive Healthcare in its Technology Fast 500™. Definitive Healthcare previously ranked #152 in 2017 (with 707% 3-year revenue growth), #184 in 2018 (with 528% 3-year revenue growth), and #267 in 2019 (with 413% 3-year revenue growth).
Definitive Healthcare currently serves more than 2,500 customers, including 9 out of 10 of the U.S.’ top pharmaceutical, medical device and biotechnology companies, and 7 out of 10 of the U.S.’ top healthcare IT companies. Since 2015, Definitive Healthcare has expanded its product offering with the acquisition of five companies: U.S. Lifeline’s The MAX (2015), Billian’s HealthDATA (2016), the data services portion of HIMSS Analytics (2019), PatientFinder (2020), and Monocl (2020).
Earlier this year Definitive was also recognized, for the fourth consecutive year, for rapid growth by INC. 5000 in its list of fastest-growing private companies in the U.S., and by the Boston Business Journal in its Fast 50.
As a result of its fast growth, Definitive Healthcare continues to hire across all departments and all levels. For more information about the company and to view new job positions, visit https://www.definitivehc.com/about/careers.
About Deloitte’s 2020 Technology Fast 500™
Now in its 26th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2016 to 2019.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $US50,000, and current-year operating revenues of at least $US5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
About Definitive Healthcare
Definitive Healthcare is the most comprehensive and accurate source for data insights and analytics on the healthcare provider and influencer market. Its product suite provides the most comprehensive and highest quality data available anywhere on 8,800 hospitals and IDNs; 135,000 physician groups; 1.7 million physicians, nurses, and allied health professionals; 11,000 ambulatory surgery centers; 15,800 imaging centers; 85,500 long-term care facilities; 40,000 clinics; 1,800 ACOs and HIEs; 5.7 billion medical commercial claims covering 315 million patient lives, and insights on millions of Key Opinion Leaders in life sciences and healthcare. The company’s data provides its 2,500 clients with the analytics and insight needed to effectively segment and research the healthcare provider market. Definitive Healthcare is backed by Advent International, Spectrum Equity, and 22C Capital. For more information, or to trial the service, visit https://www.definitivehc.com/.