DENVER – September 13, 2018 —Welltok, a data-driven, enterprise SaaS company that delivers the industry’s leading consumer health activation platform, has been named to the Forbes 2018 Cloud 100 for the second consecutive year. Cloud 100 is the definitive list of the top 100 private cloud companies in the world, published by Forbes in collaboration with Bessemer Venture Partners and Salesforce Ventures.
“Welltok is honored to be recognized for a second time by Bessemer Venture Partners, Forbes and Salesforce Ventures as a top 100 private cloud company in the world,” said Michelle Snyder, chief marketing officer for Welltok. “Welltok is one of only a handful of enterprise healthcare companies on the list, and we are proud to be recognized for our innovative solutions that enable organizations to activate consumers by targeting and connecting them with personalized health improvement resources.”
The company’s innovative approach to activating consumers has been embraced by a broad range of clients including the industry’s leading health plans (commercial, Medicare and Medicaid), providers, self-insured employers, retail pharmacy organizations and health services companies. Only Welltok leverages machine-learning and multi-channel communications to truly personalize health and wellbeing at scale with its SaaS platform. The recent acquisition of Wellpass (formerly Voxiva), developers of a leading health engagement and education platform, has also allowed Welltok to significantly expand its interactive messaging capabilities and further support the Medicaid and community markets.
“For the past three years, the Cloud 100 list has identified the top cloud companies that are reshaping their respective industries,” said Alex Konrad, Forbes editor of The Cloud 100. “I am consistently impressed by the caliber of companies honored on the Cloud 100 list. It is an exciting time to a be a cloud company and founder.”
“All of the twenty-five cloud IPOs and major cloud acquisitions over the past three years have been prior members of the Cloud 100, and we absolutely expect that the dominant public cloud companies of the future will also come from this list,” said Byron Deeter, a top cloud investor and partner at Bessemer Venture Partners.
“The business opportunity for cloud companies is tremendous today as capital investment, customer demand and rate of adoption continues to grow,” said Matt Garratt, Managing Partner, Salesforce Ventures. “We’re excited to see the potential of these companies and look forward to seeing what innovative technology they deliver around the world.”
The Forbes 2018 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100 and will appear in the September 2018 issue of Forbes magazine.
As part of the rigorous selection process for the Forbes 2018 Cloud 100, Bessemer Venture Partners received submissions from the top cloud startups. The Forbes Cloud 100 judging panel, including top public cloud company CEOs, reviewed the data to select, score and rank the top 100 cloud companies from all over the world. The evaluation process involved four factors: market leadership (35%), estimated valuation (30%), operating metrics (20%) and people & culture (15%).
About Welltok, Inc.
Welltok is a data-driven, enterprise SaaS company that delivers the healthcare industry’s leading consumer activation platform. Welltok’s solutions empower leading health plans, employers, providers and public entities to connect consumers with personalized health improvement resources, making it easy and rewarding for consumers to complete actions that optimize their health and wellbeing. Only Welltok leverages a machine-learning, multi-channel approach proven to help innovative organizations power growth and retention initiatives, improve healthcare value, and streamline the consumer experience, while upholding the highest security and compliance standards. Follow Welltok on Twitter @Welltok.
Welltok’s Medicare Quality Solution combines its leading SaaS technology with the latest cutting-edge advanced analytics and multi-channel engagement to personalize year-round quality interventions with members. Welltok uniquely leverages both traditional data (claims and clinical) with consumer data (e.g., purchasing and voting habits) to accurately predict members at-risk and identify opportunities for plans to make an impact. Seniors are then engaged with through their preferred communications channel (e.g., mobile, direct mail, automated voice and live agent), and are connected to personalized resources, support and incentives that drive action and outcomes.
“The disparity among the senior population is only growing – while some seniors are more tech savvy and prefer a purely digital experience, others still welcome a phone call or a postcard in the mail,” said April Gill, vice president of health plan market solutions for Welltok. “Our solution is built to systematically understand and activate all types of seniors in a scalable and personalized way. We’ve designed best practices that impact quality initiatives and lower risk profiles, improving Star Ratings and the member’s experience.”
Partnering with regional and national Medicare Advantage plans, Welltok has driven measurable and specific quality improvement results, including:
- Diabetes care: 48 percent improvement in gaps in care closure
- Medication adherence: 85 percent improvement in medication refill rates
- Cancer screening: 56 percent improvement in the rate of colorectal cancer screenings
The Quality Solution is designed to support one, a few or up to 30 quality measures, such as flu vaccinations, diabetes screenings or care coordination, based on the goals and objectives of a Medicare Advantage plan. Another differentiator of the offering is the use of proprietary consumer data on 275 million Americans, compiled from public and private sources over the past seven years. This data, including social determinants of health, adds a level of precision and targeting that results in an unparalleled, personalized experience that members want and expect from today’s plans.
Added Gill, “By implementing data-driven, targeted multi-channel campaigns to close critical gaps in care and engage members in the appropriate care and condition management programs or facilitate access to valuable resources, we are helping plans not only retain members, but attract new ones too.”