4-Time Honoree, Company’s Dynamic Growth Continues
January 25, 2021 — Bedminster, NJ — Zelis, the healthcare industry’s leading payments optimization platform with superior technology and solutions to price, pay and explain healthcare, has been named #2 among the 2020 Fastest 50 Growing Companies in New Jersey. This is the fourth time Zelis has been recognized on this list for dynamic, sustained growth.
At the virtual 2020 Fastest 50 Growing Companies event, Zelis was celebrated as one of New Jersey’s fastest-growing businesses making significant contributions to the success of the state’s economic growth and stability. To qualify, companies had to meet selection criteria that included a revenue size of at least $500,000 for two of the past three years and growth in revenue over a three-year period, dating from fiscal year 2017 to 2019.
By bringing together RedCard’s payment data platform and Zelis’ claim cost management and payment execution capabilities, the combined company is positioned to meaningfully advance the integrated solutions available to payers, providers and consumers. The combined company will drive efficiency and performance at the claim level, simplify the process of paying healthcare claims, and provide a comprehensive, fully-integrated platform to take a claim through the entire pre-payment to payment lifecycle. On a combined basis, Zelis and RedCard serve over 700 payer clients, including the top five national health plans, Blue Cross Blue Shield plans, regional health plans, TPAs and self-insured employers, and 600,000+ providers, delivering approximately $5 billion of claim savings, $50 billion of provider payments and more than 500 million payment data communications annually.
“It is an honor for us to be recognized for the fourth consecutive year,” said R. Andrew Eckert, CEO of Zelis. “In a year overshadowed by a pandemic, our dedicated, resilient and passionate associates, clients and partners continued to work together to make an impact on the healthcare industry by better aligning the interests of payers, providers and members to reduce the burden of cost in the healthcare system.”
The award program produced by NJBIZ, New Jersey’s leading business journal, is presented by Mazars USA LLP.
As a leading healthcare payments company, we price, explain, and pay for care on behalf of insurers and their members. Zelis was founded on a belief that there is a better way to determine the cost of a healthcare claim, manage payment-related data, and make the payment because more affordable and transparent care is good for all of us. We partner with more than 700 payers, including the top-5 national health plans, Blues plans, regional health plans, TPAs and self-insured employers, millions of providers, and one hundred million members, enabling the healthcare industry to pay for care, with care. Zelis brings adaptive technology, a deeply ingrained service culture, and comprehensive solutions to harmonize the complete payment process. Follow us on LinkedIn to get the latest news.
Director of Media Relations for Zelis