MINNEAPOLIS--(BUSINESS WIRE)--For the sixth consecutive year, Evolution1® – the nation’s largest electronic payment, on-premise, and cloud computing healthcare solution that administers reimbursement accounts, including HSAs, HRAs, FSAs, VEBAs, PRAs, and Wellness and Transit Plans – has been named to the annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy: America’s independent entrepreneurs. Fuhu tops this year’s list. Evolution1 joins LivingSocial, Bojangles’, Edible Arrangements, CDW, and Lifelock, among other prominent brands featured on this year’s list.
“We are extremely excited to be named to the Inc. 500|5000 list for the sixth consecutive year.”
In a stagnant economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year’s list report having created more than 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion. Evolution1 has a three-year sales growth of 103 percent. The Inc. 5000, ranked according to percentage revenue growth when comparing 2009 to 2012, was harder to get into this year than ever in its history.
“This accomplishment is made possible because of our Partners and our Team Members. Together we share a vision of next-generation healthcare technology and services that reduce costs and simplify the business of healthcare,” said Jeff Young, chairman and CEO of Evolution1. “We are extremely excited to be named to the Inc. 500|5000 list for the sixth consecutive year.”
Young credits robust technology innovation, industry-leading mobile application functionality through 1Mobile by Evolution1®, and strong Partner success for Evolution1’s exceptional revenue growth over the past three years.
“Now, more than ever, we depend on Inc. 500|5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” said Eric Schurenberg, editor of Inc.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/inc5000/list/2013.
Evolution1 and its Partners serve nearly 500 health plans, third-party administrators, financial institutions, and software providers across the country, providing healthcare and other reimbursement account services to more than 75,000 employers and more than 9,000,000 consumers.