What it does: Health Services International is a technology-services company that provides cost-management solutions to healthcare payers.
How it grew: According to HSI CEO and co-founder Russell Sherlock, payers come to HSI for cost-management services, “for the same reason people go to Costco or Sam's Club” for their groceries.
“We make available to our clients all the varied specialist cost-management solutions in the market,” Sherlock says. “You can get all of the things you need in one location, and in one stop.”
For insurance companies, the methods for keeping costs low have become increasingly varied and complex, so insurers have turned to HSI to help them connect all of their vendors and get the best possible price.
“How much more relevant can you get in today's world than to be focused on reducing the cost of healthcare?” Sherlock asks. “It seems worthwhile and relevant to our time.”
Location: Indianapolis
Top executive: CEO Russell Sherlock
Number of employees: 160
Annual revenue (2011): $40.2 million
Revenue growth (2006-11): 356.7%
Website: us-hsi.com
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