ALEXANDRIA, Va., Nov. 27, 2018 /PRNewswire-PRWeb/ — Acero Health Technologies today announced it ranked 329th on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. Acero Health grew 247 percent during this period.

Acero Health’s chief executive officer, Alan Merchant, credits a focus on delivering value, technical innovation and high-touch service for our clients with the company’s 247 percent revenue growth. He said, “We’re honored to be recognized by Deloitte as a leading growth company. We will continue to leverage new technologies; creating solutions that help our health insurer clients efficiently and effectively address new business requirements in their administration of health insurance benefits. We’re also excited about recent, proposed health reimbursement arrangement (HRA) rule changes that expand employer options for offering access to affordable, quality health insurance. Our purpose-built, HRA platform is uniquely positioned to immediately provide the flexibility and innovation employers will need in order to transition to these new HRA models.”

“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”

“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”

Overall, 2018 Technology Fast 500™ companies achieved revenue growth ranging from 143 percent to 77,260 percent from 2014 to 2017, with median growth of 412 percent.

About Deloitte’s 2018 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies—both public and private—in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2014 to 2017.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Acero Health Technologies
Acero Health Technologies, an innovative information technology company, offers sophisticated, transactional software solutions to health insurance issuers. Acero’s on-premise or cloud-based solutions provide issuers with the means to leverage existing systems in solving for new business and regulatory challenges. The Acero team has significant insurance and technical experience developing advanced, enterprise software solutions for benefits administrators. Acero’s PlanXpand® engine powers several technology solutions including XpandACC™, a real-time solution synchronizing benefit accumulators; XpandCDH™, a powerful tool for issuer-administered, consumer-driven health plans, and XpandHCR™ an application that helps payers calculate and reconcile federal cost-sharing subsidies. Please see http://www.acerohealth.com/products to learn more our offerings.

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see http://www.deloitte.com/about to learn more about our global network of member firms.

SOURCE Acero Health Technologies