Industry News: Volume 2, Issue 11

With a Two-Year Revenue Growth of 279%, AscellaHealth Ranks No. 54 on Inc. Magazine’s List of the Northeast Region’s Fastest-Growing Private Companies

BERWYN, Pa.–(BUSINESS WIRE)–Inc.magazine today revealed that AscellaHealth, a global specialty pharmacy and healthcare solutions company, is No. 54 on its third annual Inc. 5000 Regionals: Northeast list, the most prestigious ranking of the fastest-growing private companies based in Connecticut, Massachusetts, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Northeast region economy’s most dynamic segment– its independent small businesses.

“We are thrilled to be featured on this esteemed list and proud that we have achieved a staggering two-year growth of more than 279%,” says Dea Belazi, president and CEO, AscellaHealth. “Our success reflects the effectiveness of our consultative approach to implementing customized Specialty Pharmacy programs and services for the entire SP industry including patients, payers, life sciences and providers. We optimize compliance to therapy, health outcomes and quality of life for patients with complex, chronic conditions or rare diseases through our innovative clinical programs which help ensure that specialty drugs are seamlessly accessed by prescribed patients

The companies on this list show a remarkable rate of growth across all industries in the Northeast region. Between 2018 and 2020, these 124 private companies had an average growth rate of 208% percent and, in 2020 alone, they added 5,010 jobs and nearly $2.7 billion to the Northeast region’s economy. Companies based in the New York City and Boston areas had the highest growth rate overall.

Complete results of the Inc. 5000 Regionals Northeast, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/northeast starting March 15, 2022.

“This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America’s off-the-charts growth companies. They’re disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you’ll be hearing about for years to come,” says Scott Omelianuk, editor-in-chief ofInc.

AscellaHealth’s unique care model ensures that patients can receive medically necessary therapies to improve timeliness of care and better outcomes for specialty conditions. Their patient-first approach allows all stakeholders to connect effortlessly, rather than operating independently. This results in a higher level of care continuity that strengthens communication, yields rich data for optimizing outcomes and improves the overall patient experience.

About AscellaHealth LLC

AscellaHealth is a global Specialty Pharmacy and Healthcare services organization serving patients, payers, life sciences and providers, offering a comprehensive portfolio of customized, tech-enabled specialty pharmaceutical and medical management services. An Inc. 5000 2021 winner, AscellaHealth’s unique, patient-centric approach supports its strategic partnership with Optime Care and is built upon proprietary technology processes for innovative programs and services optimizing health outcomes and quality of life for patients with complex chronic conditions or rare diseases that require specialty medications and/or gene and cell therapies. Visit www.AscellaHealth.com.

More about Inc. and the Inc. 5000 Regionals

Methodology

The 2022 Inc. 5000 Regional are ranked according to percentage revenue growth when comparing 2018 and 2020. To qualify, companies must have been founded and generating revenue by March 31, 2018. 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 2018 is $100,000; the minimum for 2020 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.

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 www.inc.com.

To view the original press release, click here.

President’s Call for Expanded Mental Health Services Aligns with Competitive Health Virtual Care Solutions Supporting Behavioral Health in Post-Pandemic Era

PALO ALTO, Calif.–(BUSINESS WIRE)–Competitive Health, Inc. (CHI), the preeminent provider of virtual healthcare access technologies and benefit management solutions, is now offering critical behavioral health services as part of its suite of virtual primary care solutions to support a surge in post-COVID demand for professional counseling and therapy. The introduction of CHI’s Family Behavioral Health is especially timely, given President Biden’s State of the Union address when he announced an ambitious plan to address the nation’s mental health needs, presenting it as an issue with bipartisan support.

“We are extremely pleased with this focus on getting Americans the mental health services they need and a formal strategy to address a mental health crisis that has been years in the making but was only worsened by the COVID-19 pandemic,” says Kim Darling, CEO and founder, CHI. “As CHI continues to expand its services in the self-insurance and plan sponsor communities, our virtual behavioral health solutions will help families to transition back to pre-pandemic life and better address residual stress, anxiety, depression and issues associated with isolation that may have arisen. It’s time for positive change.”

Now, more than ever, families, especially children, are struggling with issues that fall under the behavioral health umbrella. As stigmas around mental health are subsiding, behavioral health is becoming more accepted and utilized as part of holistic health and primary care model. However, as more and more are turning to support through behavioral health care, many at risk are finding it difficult to access care when needed most in moments of distress. There is a recognized need for multidisciplinary, individualized and proactive care solutions– confidentially online, at-home and on-demand.

“CHI understands the challenges and barriers to accessing affordable, quality mental health services,” says Darling. “Through our digital solutions and a virtual primary care approach, we are helping employers, employees and families by bringing urgently needed and flexible, convenient support during this critical time.”

Innovative telehealth technologies are being utilized to deliver integrated health services virtually, connecting providers and patients face-to-face via real-time video, audio and instant message interaction. This concierge-like, “virtual visit” experience provides numerous conveniences and benefits to cost-efficient quality behavioral health care.

“Designed to support a range of behavioral health needs, Family Behavioral Health is set up for easy connectivity and use so every family can thrive,” continues Darling. “Highly specialized behavioral health clinical services are blended with self-guided and coach-supported skills-based training for parents and caregivers. Among the many features are on-demand programs for toddlers through teens, as well as interactive resources for parents and caregivers.”

For more information on Family Behavioral Health and CHI’s suite of digital health solutions, please visit CompetitiveHealth.com and contact sales@competitivehealth.com to schedule a virtual demo.

About Competitive Health, Inc.

Founded in 1996, Competitive Health is the preeminent builder of custom health solutions. Utilizing award-winning digital health programs, 22 telehealth specialties, and healthcare ancillary services, providing unlimited access and unprecedented savings to our clients and their members. Last year – Competitive Health saved employer groups, insurance carriers, third-party administrators, affinity groups, and exchanges over $100 million dollars. Learn more at CompetitiveHealth.com.

To view the original press release, click here.


Covid-19: ‘Pandemic is not over’, public health boss warns

By BBC

BBC.com— Latest figures show Hertfordshire has seen a 62% rise in case rates, with cases in St Albans up by 82%.

Case rates in the over-60s age group have also risen by 54.5%.

Executive director of public health, Jim McManus, said the growth was an “important reminder” that Covid-19 has “not gone away”.

To view the original article in its entirety, click here.

Medical Marijuana Rx Ups Odds for Overuse, With No Benefit to Health: Study

By Steven Reinberg, HealthDay Reporter

USNews.com— Using medical marijuana to treat pain, anxiety or depression may quickly lead to dependence, without relieving symptoms, a new study suggests.

Those most at risk for misusing medical marijuana are patients using it to treat anxiety and depression, the researchers found. Based on these findings, the benefits of medical marijuana may have been exaggerated, the study authors said.

To view the original article in its entirety, click here.  

Diversity Still Elusive in America’s Medical Schools

By U.S. News

USNews.com— U.S. medical schools have a disproportionate number of wealthy students, which hinders attempts to improve diversity among U.S. doctors, researchers say.

“In recent years, there has been a significant focus on the diversity of medical students, but to date, most work has focused on ‘visible’ forms of diversity; such as race, ethnicity and gender,” lead study author Arman Shahriar, a University of Minnesota Medical School student, said in a university news release.

To view the original article in its entirety, click here.

CDC confirms uptick in Covid virus found in wastewater

By Erika Edwards and Corky Siemaszko

NBCNews.com— Government scientists confirmed Tuesday that there has been an uptick in the presence of Covid-19 in wastewater samples across the U.S.

The potentially troubling trend comes as the country is shedding masks and easing pandemic restrictions aimed at stopping the spread of a virus that in two years has killed nearly a million people in the United States.

To view the original article in its entirety, click here.

AstraZeneca throws open doors to new ideas in global postdoc challenge

By Nick Paul Taylor

FierceBiotech.com— AstraZeneca is throwing open its doors to ideas from scientists near the start of their careers. Through its global R&D Postdoctoral Challenge, the Anglo-Swedish drugmaker will equip researchers to pursue novel approaches to treating diseases.

Like other large drug developers, AstraZeneca runs a postdoc program.

To view the original article in its entirety, click here.

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