Vytalize Health, a Hoboken-based risk-bearing provider enablement platform, was ranked No. 1 on the 2024 Inc. 5000 list of the fastest-growing private companies in America that was released Tuesday.
The company achieved the top ranking with a remarkable $1.5 billion in revenue for 2023 and a three-year revenue growth of 90,778%.
Vytalize Health made its inaugural appearance on the publication’s list in 2023, at No. 71.
“We are thrilled and humbled to be named the fastest-growing private company in America by Inc.,” Faris Ghawi, co-founder and CEO of Vytalize Health, said. “Our journey has always been about supporting physicians so they can provide the highest quality care possible to patients. This recognition further motivates us to continue our mission to transform lives by advancing value-based care.”
Earlier this year, Vytalize Health was recognized as one of Inc. Magazine’s Best Workplaces. In addition, the company was named to Forbes’ 2024 List of America’s Best Startup Employers. These distinctions underscore the company’s commitment to fostering a supportive and dynamic work environment while delivering innovation in a complex health care system.
JAG Physical Therapy, which is set to open its 150th location Sept. 19 in New Brunswick, ranked No. 3,019 on the list, up 1,000 places from 2023.
About the Inc. 5000
The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s Top 500 companies, the average median three-year revenue growth rate is 1,637%. In all, this year’s Inc. 5000 companies have added 874,458 jobs to the economy over the past three years. Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023.
In all, New Jersey companies on the list experienced a median growth of 204%; 11,436 jobs were added; nine companies on the list were newly founded; and there are 75 repeat honorees.
The Top 10:
- Vytalize Health
- Lessen, Scottsdale, Arizona
- Monogram Health, Brentwood, Tennessee
- Top Tier Solar Solutions, Charlotte, North Carolina
- ABA Holdings, Fort Lauderdale, Florida
- Upward Health, Hauppauge, New York
- SNFood & Beverage, Plymouth, Wisconsin
- Bounce, San Francisco
- Raw Sports Supplement Company, Port St. Lucie, Florida
- Alpine, Broomfield, Colorado
And here are the New Jersey firms that broke into the Top 500:
- No. 1. Vytalize Health, Hoboken
- No. 55. Like Air, Madison
- No. 76. Hyqoo, Basking Ridge
- No. 108. Titanium Global, Bedminster
- No. 174. OrnamentallyYou, Fair Lawn
- No. 228. BeaconFire Staffing Solutions, East Windsor
- No. 233. ANS Geo, South Plainfield
- No. 313. BONbLOC, Edison
- No. 349. Terco Enterprises, Lafayette
- No. 356. Integris, Cranbury Township
- No. 432. Adelement Vast, Livingston
For the complete list, click here.
