For Immediate Release
Contact: Joy Harris, Director of Business Development
Office: 813-751-3814 | Joydana.Harris@avalonhcs.com
TAMPA, FL, August 24, 2020 – Avalon Healthcare Solutions is pleased to announce it has achieved the No. 4 ranking on Inc.’s annual Inc. 500 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“The team at Avalon Healthcare Solutions is honored to rank so highly on this prestigious list of fast-growing private companies,” said Bill Kerr, MD, Avalon’s Chief Executive Officer, “Our growth over the past three years is a direct result of the dedication of our employees as we work to deliver on the triple aim in healthcare of improved cost, quality, and access through innovative laboratory benefit management technology.” 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 www.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 18.
About Avalon Healthcare Solutions
Avalon is a healthcare information technology and specialty benefit management company focused on laboratory testing. Avalon provides a comprehensive program to facilitate management of all outpatient laboratory services across all providers, including independent, physician office, and hospital-based laboratories. Using an independent Clinical Advisory Board, Avalon has developed a suite of science-based laboratory policies addressing all testing categories. The majority of these policies, reflecting high-volume, low-cost services, are administered through proprietary, automated technology, typically saving health plans 7 to 12 percent on outpatient laboratory spend. For more information about Avalon, please visit www.avalonhcs.com.
About Inc. 5000
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. 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 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.