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Healthcare's Hottest No. 19 (tie): Health Systems International

By Modern Healthcare
Posted: September 28, 2013 - 12:01 am ET

What it does: Health Systems International provides medical cost-management services to healthcare payer organizations.

How it grew to become one of healthcare's hottest:More than 25 years after its founding, Health Systems International continues to post strong growth. It had compounded annual growth of nearly 36% during the past five years.

Part of that is related to strategic acquisitions. Since 2007, the company has made eight other acquisitions that have provided HSI with greater access to markets, additional clients, improved technology and enhanced opportunities for efficiencies and cost savings, according to HSI.

And as cost management becomes increasingly complex for payers, including the 400 clients HSI already serves, new CEO Scott Mingee—he joined the company in April—sees continued opportunity for growth.

“HSI is having a great year and continues to be well-positioned in the ever-changing healthcare landscape,” Mingee said in an e-mail.

This is the second year Health Systems International is one of Healthcare's Hottest.

19 (tie). Health Systems International

Location: Indianapolis

Top executive: Scott Mingee, CEO

Number of employees: 170

Annual revenue (2012): $49.2 million

Compounded revenue growth (2007-12): 35.9%


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