Inc. revealed today that Modern Health has been selected to the
2024 Inc. 5000, its annual list of the fastest-growing private
companies in America. The prestigious ranking provides a
data-driven look at the most successful companies within the
economy’s most dynamic segment—its independent, entrepreneurial
businesses. Microsoft, Meta, Chobani, Under Armour, Timberland,
Oracle, Patagonia, and many other household-name brands gained
their first national exposure as honorees on the Inc. 5000.
"We are honored to be featured on this year’s Inc. 5000 list
after a four-year revenue growth of 600%. This recognition
underscores the critical importance of mental health today and
reflects the dedication of our entire team at Modern Health,”
comments Alyson Watson, founder and CEO of Modern Health. “We are
committed to transforming the mental health industry, ensuring
everyone, regardless of where they are on the spectrum of illness
to wellness, receives the support they need. No matter your need,
preference, or location, we are helping you to get well faster and
stay well. I extend my heartfelt thanks to our 800+ customers and
1.9M+ members globally for trusting us to provide them with
exceptional care. Together, we’re making mental health a priority
and changing lives for the better.”
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. In all, this year’s Inc. 5000 companies have added
874,458 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company
profiles and an interactive database that can be sorted by
industry, location, and other criteria, go to www.inc.com/inc5000.
All 5000 companies are featured on Inc.com starting Tuesday, August
13, and the top 500 appear in the new issue of Inc. magazine,
available on newsstands beginning Tuesday, August 20.
“One of the greatest joys of my job is going through the Inc.
5000 list,” says Mike Hofman, who recently joined Inc. as
editor-in-chief. “To see all of the intriguing and surprising ways
that companies are transforming sectors, from health care and AI to
apparel and pet food, is fascinating for me as a journalist and
storyteller. Congratulations to this year’s honorees, as well, for
growing their businesses fast despite the economic disruption we
all faced over the past three years, from supply chain woes to
inflation to changes in the workforce.”
This news comes on the heels of continued Modern Health
momentum, including the acquisition of Anvil Health’s artificial
intelligence technology and the appointment of Paul Clark as Head
of AI Strategy. Further, Modern Health has recently been recognized
as a 2024 Great Place To Work and honored by Nasdaq for providing 5
million moments of care to people worldwide.
Visit Modern Health to learn more.
About Modern Health
Modern Health is a comprehensive global mental health solution
offering employees access to one-on-one, group, and self-serve
digital resources for their emotional, professional, social,
financial, and physical well-being needs - all within a single
platform. Whether someone wants to proactively manage stress or
treat depression, Modern Health guides people to the right care at
the right time. Modern Health empowers companies to help all their
employees be the best version of themselves and believes in meeting
people wherever they are in their mental health journey.
Modern Health is backed by investors like Kleiner Perkins,
Founders Fund, John Doerr, Y Combinator, and Battery Ventures and
raised more than $170 million in less than two years, making Modern
Health the fastest entirely female-founded company in the U.S. to
reach Unicorn status.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2024 Inc. 5000 are ranked according to
percentage revenue growth from 2020 to 2023. To qualify, companies
must have been founded and generating revenue by March 31, 2020.
They must be U.S.-based, privately held, for-profit, and
independent—not subsidiaries or divisions of other companies—as of
December 31, 2023. (Since then, some on the list may have gone
public or been acquired.) The minimum revenue required for 2020 is
$100,000; the minimum for 2023 is $2 million. As always, Inc.
reserves the right to decline applicants for subjective reasons.
Growth rates used to determine company rankings were calculated to
four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for
entrepreneurs. Through its journalism, Inc. aims to inform,
educate, and elevate the profile of our community: the risk-takers,
the innovators, and the ultra-driven go-getters who are creating
our future. Inc.’s award-winning work achieves a monthly brand
footprint of more than 40 million across a variety of channels,
including events, print, digital, video, podcasts, newsletters, and
social media. Its proprietary Inc. 5000 list, produced every year
since its launch as the Inc. 100 in 1982, analyzes company data to
rank the fastest-growing privately held businesses in the United
States. The recognition that comes with inclusion on this and other
prestigious Inc. lists, such as Female Founders and Power Partners,
gives the founders of top businesses the opportunity to engage with
an exclusive community of their peers and credibility that helps
them drive sales and recruit talent. For more information, visit
www.inc.com.
For more information on the Inc. 5000 Conference & Gala, to
be held from October 16 to 18 in Palm Desert, California, please
visit http://conference.inc.com/.
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Contact details: press@modernhealth.com