Curated News
By: NewsRamp Editorial Staff
August 13, 2025
Penstock Shines on Inc. 5000 List as Top Fast-Growing Healthcare Company
TLDR
- Penstock's ranking at No. 353 on the Inc. 5000 list showcases its rapid growth and positions it as a top contender in the healthcare sector for innovative payment integrity solutions.
- Penstock achieved No. 353 on the Inc. 5000 by demonstrating a 1,507 percent median three-year revenue growth, meeting strict criteria including revenue benchmarks and independence.
- Penstock's growth and recognition contribute to a better healthcare system by ensuring payment accuracy and fostering trust between health plans and their partners.
- Penstock, named among the top 50 fastest-growing companies in healthcare, leverages ClearBridge technology to uncover savings even after multiple vendor reviews.
Impact - Why it Matters
Penstock's recognition on the Inc. 5000 list highlights the critical role of innovation and partnership in the healthcare sector, particularly in payment integrity. For health plans and their members, this means more accurate billing and the potential for cost savings, ultimately leading to better healthcare services. Penstock's growth story is a beacon for businesses navigating today's economic uncertainties, proving that with the right approach, companies can thrive and make a significant impact in their industries.
Summary
Penstock, a high-performance payment integrity company, has been ranked No. 353 on the prestigious Inc. 5000 list of America's fastest-growing private companies, also securing a spot among the top 50 in the healthcare and medical sector. This recognition underscores Penstock's remarkable growth and its commitment to innovation and service in the payment integrity space. The company's president, Steve Palma, attributes this success to the trust and partnership with health plan clients, emphasizing the balance between scaling and maintaining quality service. The Inc. 5000 list, known for featuring giants like Microsoft and Under Armour in its ranks, highlights businesses that have thrived despite economic challenges, with Penstock standing out for its median three-year revenue growth rate of 1,507 percent.
The achievement follows Penstock's earlier accolade as the #1 fastest-growing private company in the Northeast on the 2025 Inc. Regionals list. These honors reflect Penstock's role in transforming payment integrity for health plans through its proprietary ClearBridge technology and expert team, ensuring accuracy and uncovering savings. The company's story is a testament to the resilience and vision of U.S. entrepreneurs, as noted by Mike Hofman, editor-in-chief of Inc. Penstock and other honorees will be celebrated at the 2025 Inc. 5000 Conference & Gala, further cementing their status as leaders in innovation and growth.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Penstock Shines on Inc. 5000 List as Top Fast-Growing Healthcare Company
