NEW YORK, Oct. 27 /PRNewswire/ -- Inc. magazine has released its 24th annual Inc. 500 ranking of the fastest-growing private companies in the country. Health Dialog Services Corporation, a leading healthcare services company, has been named to the Inc. 500 list for the third year in a row, with three-year sales growth of 327.6%. The Inc. 500 can be found in the November issue of Inc. magazine, which appears on newsstands November 1.
“Health Dialog’s placement on the Inc. 500 for three consecutive years is largely a result of our ability to reduce healthcare costs and improve healthcare quality for health plans and self-insured employers,” said George Bennett, Chairman and CEO of Health Dialog.
The companies that made this year’s list represent the vanguard of American industry and have created more than 95,000 jobs since the companies were founded. The Inc. 500 list generated 25,180 new jobs in the past year alone, a stunning 35% year-over-year increase. Compare this with the total number of employees among Fortune 500 companies, which declined in 2001, 2002, and 2003 before experiencing a 1.3% uptick of 306,045 jobs in 2004.
“When you look at the amazing job growth among Inc. 500 companies and contrast it with the stagnation in the Fortune 500, it underscores the changing nature of our economy,” said Jim Melloan, project manager for the Inc. 500. “With unprecedented global competition, companies have to be able to turn on a dime and discover innovative new ways of doing business. Increasingly, it’s the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges.”
The Inc. 500 ranks privately held companies according to year-over-year sales growth from 2001 to 2004. With approximately 75% of all new job creation in the U.S. coming from entrepreneurial businesses, the Inc. 500 opens a window onto the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, Jamba Juice, Gateway, E*Trade, Intuit, and Domino’s Pizza all appearing on the list before they became industry powerhouses.
Methodology
To be eligible for this year’s Inc. 500, companies had to be U.S.-based, independent, and privately held through their fiscal year 2004, and have had at least $500,000 in net sales in the base year of 2001. In addition, their 2004 sales had to exceed 2003 sales. Companies are ranked on cumulative three- year sales growth from 2001 to 2004. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.
Inc. 500 Online
This year, Inc.com (http://www.inc.com/) is offering readers an expanded series of online features to supplement the print edition of the Inc. 500 (http://www.inc.com/inc500). Launching October 19, the website will feature:
-- Interactive maps allowing for quick insight into regional and industry trends -- A complete, sortable list of this year’s winners -- Slide shows of Inc. 500 CEOs past and present
Inc., the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today’s innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Inc. is also the only publication that focuses on small to medium-size businesses, responsible for more than half the nation’s gross domestic product and 70% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Mansueto Ventures LLC publication, inspires and informs, with cutting-edge coverage that reflects our readers’ energy, brashness, and imagination.
About Health Dialog
Health Dialog is a leading provider of care management services, including disease management, and is one of the fastest growing privately held firms in the U.S. The firm helps physician groups, health plans, and self-insured employers improve healthcare quality while reducing overall costs. The firm’s services include analytic services and telephonic and other care management support for individuals. Health Dialog helps individuals become more actively engaged in their healthcare and have more effective relationships with their physicians. For more information about Health Dialog, please visit http://www.healthdialog.com.
CONTACT: Cathleen Porter Mullen for Health Dialog Cathleen.Porter@mullen.com 978.468.8956 Regina Parundik Mullen for Health Dialog Regina.Parundik@mullen.com 412.402.0193
Health Dialog Services Corporation
CONTACT: Cathleen Porter, +1-978-468-8956, Cathleen.Porter@mullen.com, orRegina Parundik, +1-412-402-0193, Regina.Parundik@mullen.com, both ofMullen for Health Dialog
