The companies on the 5000 Regionals list employ more than 48,000 people and added nearly $9 billion to the New York City Metro area economy.
In the past year alone, Softheon, a leading cloud-based health insurance exchange and service provider, welcomed around 50 new employees while seamlessly transitioning into a virtual working environment. Even with headquarters in New York, Softheon has virtually expanded its workforce across the country in the wake of the coronavirus pandemic.
Softheon achievements have ranked the company on Inc. Magazine’s fastest-growing private regional companies list. Encompassing the New York City Metro region, this list represents the most successful independent small businesses with an average growth rate of 214%.
Softheon ranked on the Inc. 5000 nationally in 2018 and 2020.
“It is an honor and privilege to be placed on the Inc. 5000 Regionals list,” said Eugene Sayan, CEO and Founder of Softheon. “I take great pride in our team’s drive to make healthcare affordable, accessible, and plentiful. Achievements like these reinforce our mission and push us to continue solving healthcare’s biggest challenges.”
Currently, Softheon plays a large role in the new Special Enrollment Period (SEP) for the Affordable Care Act (ACA) marketplace. Equipping health plans with financial billing, premium payment processing, and account reconciliation technology, Softheon helps insurers face the influx of up to 30 million new entrants into the marketplace.
“This list proves the power of companies in the New York City area no matter the industry,” says Inc. editor-in-chief Scott Omelianuk. “The impressive revenues and growth rates prove the insight and diligence of CEOs and that these businesses are here to stay.”