EVANSVILLE, Ind., Aug. 13, 2020 /PRNewswire-PRWeb/ -- Curvo Labs, a clinical spend management software and data company, today announces its inclusion on the 2020 Inc. 5000, a list produced annually by Inc. magazine ranking the fastest-growing private companies across the USA.
"We are excited to be included in the top 10% of the Inc. 5000 honorees," says Andy Perry, CEO and Co-Founder of Curvo. "This recognition of our growth reflects the dedication of our team and our investors, but more so the success our customers are enjoying in reducing healthcare costs through our platform. We are also grateful that this strong growth has continued in 2020, despite the challenges of COVID-19."
Despite the pressures of COVID-19 on healthcare as an industry, Curvo continues to gain market share and increase value to its customers. Curvo has retained and grown existing customer relationships while adding new customer relationships with other multi-billion dollar academic medical centers.
The company revenues have grown by nearly 1000% during the Inc. 5000 period of analysis (2016-2019), earning the company a 482 ranking on this year's Inc. 5000 list. Curvo has seen growth both in number of customers and in average contract price, all due to the continued increases in savings that Curvo has achieved for its customer hospitals and healthcare systems.
In addition to Curvo's full-service suite of solutions, the company continues to increase value through new tools like Lookup by Curvo and Curvo's Data Enrichment offering. Lookup is the fastest and most powerful medical product search utility available today, and Curvo's Data Enrichment offers healthcare systems clinical data enrichments that are led by Orthopedic Network News gold standard GIC classification that allows for case cost analysis at a construct and component level.
As evidenced by its ranking on the Inc. 5000, Curvo shows a pattern of concentrated growth and is well positioned to continue scaling through 2020 and beyond.
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. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.
Curvo is a SaaS and DaaS company with a revolutionary clinical spend management platform and valuable clinical data enrichments. The Curvo platform automates and modernizes supply chains in hospitals and healthcare systems, eliminating much of the tedious work and constantly out-of-date data that are common in traditional healthcare supply chain management.
Curvo automates the sourcing process and cleans up data so that it's actionable, empowering supply chain teams to move quickly and negotiate effectively. Healthcare systems using Curvo have saved anywhere from hundreds of thousands to upwards of $20 million on their clinical spend thanks to the powerful insights and tools Curvo provides.
More about Inc. and the 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.
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 http://www.inc.com.
SOURCE Curvo Labs