Press Releases

MINNEAPOLIS — August 26, 2021 – Carrot Health, a leading provider of healthcare solutions powered by consumer and claims data, ranked among the top 400 fastest-growing private companies in its inaugural appearance on the 2021 Inc. 5000. The company revealed today that it ranked No. 311 on the annual list with a three-year revenue growth of 1481.5% – an announcement that comes on the heels of Carrot Health’s acquisition by Unite Us, the nation’s leading technology company connecting health and social care services.

“Our growth is a direct result of the shift in the nation’s focus toward creating health equity and improving equitable access to care, which reflects Carrot Health’s long-time mission to help shape a future without health disparities in which everyone nationwide is able to lead their healthiest lives,” said Kurt Waltenbaugh, CEO of Carrot Health. “To be recognized among the elite companies that make up the top 500 fastest-growing private companies is a testament to the dedication and perseverance of the entire Carrot Health team.”

(INDIANAPOLIS, July 13, 2021) --  hc1, the leader in critical insight, analytics, and solutions for precision health, today announced it will host the second annual Precision Health Virtual Summit, a free, two-day virtual event taking place Aug. 31- Sept. 1, 2021, in partnership with Becker’s Healthcare. The event will bring together healthcare leaders and experts to focus on implementing precision health practices into care delivery, bringing the benefits of precision health to all patients.

The 2021 Precision Health Virtual Summit serves to showcase how advances in data-driven care by Precision Health Insight Networks (PHINs) are reducing overwhelming complexity in our care delivery system. Historically, the information clinicians required to deliver personalized, precise care was locked away in disconnected databases, buried in medical journals and isolated in multiple patient data silos. PHINs enable healthcare providers to uncover actionable insights in real-time to identify the right testing and prescriptions for optimal outcomes at the lowest cost.

MINNEAPOLIS – July 1, 2021 – Carrot Health, a leading provider of healthcare solutions powered by consumer and claims data, has received the Fire Award from Minne Inno, which covers the Twin Cities’ burgeoning startup and technology communities. Honored in the high-tech category, Carrot Health was one of 50 companies from across Minnesota to be recognized in the 2021 awards.

“Recognition by Minne Inno with a Fire Award validates Carrot Health’s mission to help shape a future without health disparities in which everyone nationwide is able to lead their healthiest lives,” said Kurt Waltenbaugh, CEO of Carrot Health. “The state’s vibrant high-tech community is made up of some of the nation’s most innovative, leading edge companies, which makes this honor even more meaningful.”

Wellesley, MA — June 29, 2021 –– Hayes, makers of the industry’s leading integrated auditing, billing compliance and revenue integrity platform for the nation’s premier healthcare organizations, announced today that CTO Ritesh Ramesh was recognized by the Globee^® Awards as Chief Technology Officer of the Year in the 16^th Annual 2021 IT World Awards^®. Ramesh, who took top honors in the IT Software category, was recognized for his work leveraging augmented intelligence (AI) to transform both the company and its revenue integrity platform.

MINNEAPOLIS – May 25, 2021 – Carrot Health, a leading provider of healthcare solutions powered by consumer and claims data, announced today that health plans utilizing its Carrot MarketView® platform realized a 2021 Medicare annual election period (AEP) growth rate twice that of their competition. This includes average member retention rates of more than 95% across all health plan customers and new member conversion rates 5.2 times higher when Carrot Health predictive modeling was used.

New Carrot Health customers were particularly successful, with 73% outperforming 2020 AEP. Collectively, new customers grew memberships by nearly 4% during 2021 AEP, following declines in 2020.

MINNEAPOLIS – April 12, 2021 – Carrot Health, a leading provider of healthcare solutions powered by consumer and claims data, announced today that CFO Steve Sigmond was named one of Minneapolis-St. Paul’s Notable Leaders in Finance by Twin Cities Business magazine. Sigmond was recognized for the instrumental role he has played in building the company he co-founded in 2014 into the data analytics market leader it is today.

The Notable Leaders in Finance program recognizes finance industry professionals who have affected change, demonstrated a willingness to share expertise, and exhibited leadership in specific initiatives or programs at their organization that created significant, positive, and measurable results. Sigmond and his fellow honorees will be profiled in a special section in the April/May 2021 print issue of Twin Cities Business and online at tcbmag.com.

MINNEAPOLIS – April 5, 2021 – Carrot Health, a leading provider of healthcare solutions powered by consumer and claims data, announced today CEO Kurt Waltenbaugh was named one of 2021’s Health Care Heroes by the Minneapolis/St. Paul Business Journal. Waltenbaugh, who was recognized in the Health Entrepreneur category, was honored for his substantial achievements at the helm of Carrot Health and the impact he and the company have had on the Minneapolis/St. Paul Community.

Recognizing that 2020 was an unprecedented year, the Business Journal launched the Health Care Heroes awards to honor the healthcare workers who have gone above and beyond in their efforts to fight the global COVID-19 pandemic while continuing to provide care for non-COVID patients. The program recognizes Twin Cities’ individuals who have put innovation, care, dedication, and compassion to work to improve the human condition. Honorees were announced on April 5* by the Business Journal and will be recognized during a virtual event on June 10 and in a June 11 special print edition.

MINNEAPOLIS – March 16, 2021 – Carrot Health, a leading provider of healthcare solutions powered by consumer and claims data, announced today that the Carrot MarketView® platform has now delivered individual-level social determinants of health (SDoH) scores for more than 25 million managed lives.

Carrot Health’s robust integrated dataset — the first and largest in healthcare — now encompasses more than 400 million claims/encounter records. Carrot MarketView aggregates more than 80 data sources to provide the nation’s leading health plans, including four of the top 10 plans, with insights into how best to engage members and manage their health, as well as to identify and drive growth opportunities.

Wellesley, MA — February 23, 2021 — Cloud, data, and augmented intelligence (AI) have critical roles to play in solving key business problems around operational and financial areas for healthcare organizations as we enter 2021 and beyond. That was the message shared by Hayes CTO Ritesh Ramesh during a rapid-fire panel focused on Patient Care in the Era of COVID – Data and Systems during the virtual 2021 Health Datapalooza and National Health Policy Conference, hosted by AcademyHealth.

MINNEAPOLIS – November 23, 2020 – A groundbreaking analysis by Carrot Health of claims data compiled by the Colorado Hospital Association (CHA) determined that a high Carrot Social Risk Grouper® (SRG) score correlates strongly with higher rates of emergency department (ED) super-utilization. The analysis, which combined data from CHA’s On Demand Hospital Information Network (ODHIN) with consumer behavior data from the Carrot MarketView® platform, also found that food insecurity and other underlying social factors were driving ED utilization and readmissions.

INDIANAPOLIS — (October 29, 2020) — hc1, the leader in critical insight, analytics, and solutions for precision health that power high-value health care, announced today that Stephen K. Klasko, MD, MBA, will be the keynote speaker during its Precision Health Virtual Summit scheduled for Tuesday, Nov. 17 and Wednesday, Nov. 18. This special two-day summit hosted by hc1 in partnership with Becker’s Healthcare will bring together healthcare leaders and experts to focus on the changes our care delivery system needs as it transitions from fee-for-service to value-based care reimbursement models.

MINNEAPOLIS – September 21, 2020 – In a newly published KLAS® Research Spotlight Report, 100% of Carrot Health customers interviewed said they were satisfied or highly satisfied with the Carrot MarketView® software and analytics platform, and would both recommend and purchase it again. The report, “Carrot Health: Using Analytics to Drive Outcomes in SDOH,” is based on detailed feedback from Carrot Health customers in the payer and health plan space on how well the company’s social determinants of health (SDoH) insights help them drive outcomes – delivering a more targeted level of care to their patient populations.

Wellesley, MA — September 21, 2020 –– Hayes, makers of the industry’s leading integrated compliance and revenue integrity platform for the nation’s premier healthcare organizations, announced today that CTO Ritesh Ramesh won Silver in the 8th Annual CEO World Awards^®, Executive Achievement of the Year for Information Technology Services category. Hayes also took Bronze for Team of the Year in the inaugural COVID-19 Business Response category in recognition of its work tailoring the company’s flagship MDaudit Enterprise platform to help hospitals optimize pandemic-related reimbursements and attain billing compliance.

MINNEAPOLIS – September 14, 2020 – Carrot Health CEO Kurt Waltenbaugh will share insights into ways public health and public safety are influenced by barriers and inequities, and how social determinants of health (SDoH) continue to shape health outcomes, during the AHIP’s online National Conference on Medicare, Medicaid and Dual-Eligibles. “Addressing Upstream Community Health for SDoH Interventions” takes place at 3:30 p.m. ET on September 14.

Wellesley, MA — August 27, 2020 –– Finding new revenue opportunities and avoiding claims denials has taken on greater urgency as hospitals and other healthcare organizations face growing reimbursement shortfalls in the wake of the COVID-19 pandemic. It is why Hayes, makers of the industry’s leading integrated compliance and revenue integrity platform for the nation’s premier healthcare organizations, has launched Revenue Optimizer to equip healthcare organizations with actionable insights that help eliminate barriers to revenue integrity and manage overall financial performance.