FOR IMMEDIATE RELEASE
Codoxo Recognized as One of the Southeast Region’s Fastest Growing Private Companies by Inc. Magazine
Healthcare AI software company captures the No. 20 spot in the Inc. 5000 Regionals Southeast list with 1,411% two-year growth
ATLANTA (March 1, 2023) – Codoxo, a trusted provider of healthcare artificial intelligence solutions for healthcare payers, agencies and pharmacy benefits managers (PBMs), today announced that it has been named No. 20 on the Inc. 5000 Regionals Southeast list based on its significant two-year growth rate. The Inc. 5000 Southeast list ranks the fastest-growing private companies based in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Puerto Rico, South Carolina, and Tennessee. Of the 200 companies that made the Southeast list, Codoxo is the seventh fastest-growing company in Georgia and the second fastest-growing in the “Health Services” category.
“Being recognized as one of the fastest growing companies in the Southeast, especially considering the challenges and impact of the pandemic on healthcare, is an outstanding tribute to the amazing work of our team and their collaboration with our clients,” stated Dr. Musheer Ahmed, CEO and Founder of Codoxo. “We are sharply focused on advancing the industry to address the rampant fraud, waste and abuse that contributes to skyrocketing healthcare costs. Our innovative and secure healthcare AI solutions are driving substantial savings across the ecosystem to ensure they stay affordable and effective.”
Codoxo has earned several awards and accolades that further underscore the company’s upward trajectory within the growing healthcare cost containment industry. Just this month, the company was recognized as a 2023 Technology Association of Georgia (TAG) Technology Awards Finalist. Additionally, Codoxo was awarded the 2022 Fierce Healthcare Innovation Award in the Data Analytics/Business Intelligence category and was also recognized by Aite Group in the “Aite Matrix: Payment Integrity in Healthcare” Report as a “mighty player,” with “AI prowess” as an industry differentiator, among several others.
“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 disruptors 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,” said Scott Omelianuk, editor-in-chief of Inc.magazine.
In the healthcare industry, fraud, waste and abuse is a multi-billion-dollar problem, accounting for as much as 10% of the $3.8 trillion spent on healthcare each year. It has commanded the attention of healthcare executives who want money-saving solutions driven by AI, like that from Codoxo, to help identify and reduce risk and contain healthcare costs.
With a mission to make healthcare more affordable and effective for everyone, Codoxo is the premier provider of artificial intelligence-driven solutions and services that help healthcare companies and agencies proactively detect and reduce risks from fraud, waste, and abuse and ensure payment integrity. The Codoxo Unified Cost Containment Platform helps clients manage costs across network management, clinical care, provider coding and billing, payment integrity, and special investigation units. Our software-as-a service applications are built on our proven Forensic AI Engine, which uses patented AI-based technology to identify problems and suspicious behavior far faster and earlier than traditional techniques. Codoxo is a Fierce Healthcare Innovation Award winner and has been recognized by the Inc. 5000 Regionals list for growth. Our solutions are HIPAA-compliant and operate in a HITRUST-certified environment. For additional information, visit www.codoxo.com.
More about Inc. and the Inc. 5000 Regionals
The 2023 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2019 and 2021. To qualify, companies must have been founded and generating revenue by March 31, 2019. They had to be U.S.-based, privately held, for-profit, an independent—not subsidiaries or divisions of other companies—as of December 31, 2021.(Since then, a number of companies on the list have gone public or been acquired.) The Minimum revenue required for 2019 is $100,000; the minimum for 2021 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 multi platform 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.
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