OrthoFi Ranks No. 1808 on the 2022 Inc. 5000 List
For the 5th Year in a row, OrthoFi appears on the Inc. 5000 Annual List, Ranking No. 1808 with a Three-Year Revenue Growth of 337%
Today, Inc. revealed that OrthoFi, a leading software and technology-enabled service platform in the Orthodontics specialty industry, is No. 1,808 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
This is the fifth consecutive year OrthoFi has earned a ranking on the Inc. 5000, an achievement that puts OrthoFi into an elite group of companies to appear on the list for a fifth time. Of the tens of thousands of companies that have applied to the Inc. 5000 over the years, only a fraction have made the list more than once, let alone five years in a row.
“Being recognized on the Inc. 5000 list is incredibly gratifying and I am really proud of our team for making it for the 5th straight year. This achievement points to the team culture we’ve built here at OrthoFi to keep striving for impact,” says Dave Ternan, Chief Executive Officer of OrthoFi. “We’ve grown to 370+ mission-driven professionals working to remove the barriers preventing patients from starting quality dental and orthodontic care.”
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23.
“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”
OrthoFi is a tech-enabled, expert-driven solution that helps Orthodontists accelerate practice growth by starting more patients and giving them more time to focus on providing exceptional patient care. Our comprehensive portfolio of industry-leading software and service solutions help our clients achieve 14% average year-over-year growth with over two times higher same-day conversion rates than the US national average. Managing over $500 million in active AR, OrthoFi also delivers 42% lower delinquency and 70% lower insurance delinquency vs the average US practice, while also delivering exceptionally rated customer service. With the recent addition of OrthoBanc, OrthoFi is now the US orthodontic market leader in patient acquisition and revenue cycle management, collectively working with over 2,000 practices across the country and helping more than 3.5 million patients access high quality, affordable orthodontic care. The company has over 370 employees with offices in Denver, CO and Chattanooga, TN and is owned by Accel-KKR, a leading technology-focused private equity firm headquartered in Menlo Park, CA.
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More about Inc. and the Inc. 5000
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 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. The top 500 companies on the Inc. 5000 are featured in Inc. magazine’s September issue. The entire Inc. 5000 can be found here.
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. For more information, visit www.inc.com.