Natick, MA - Definitive Healthcare, the leading provider of data, intelligence, and analytics on the healthcare provider market, recently moved to a new, larger space to accommodate its growing workforce. The company has quadrupled its customer base in the last four years and has doubled its revenue in each of the last four years and has plans to continue growing.
According to the Centers for Medicare & Medicaid Services, health spending is expected to grow from 17.4% of the nation’s gross domestic product in 2013 to 19.3% in 2023. With the healthcare marketplace becoming more specialized and competitive, there is a growing emphasis on using data to operate more efficiently as well as to gain a competitive advantage – among both providers and suppliers. Definitive already serves hundreds of clients across the healthcare continuum – not only suppliers such as IT and services providers, consulting firms, pharmaceutical and medical device manufacturers, and equipment and supply companies, but also healthcare providers themselves. Yet the size of the market leaves a tremendous amount of additional opportunity.
The company has already introduced several significant product enhancements in 2015, including physician drug prescribing data, and new databases of home health agencies, hospice care facilities, and imaging centers. With the investment from Spectrum Equity announced earlier this year, Definitive is on track to continue its growth and innovation in the healthcare analytics space.
“This is the second time the company has had to move in the past three years to accommodate our growth,” said Jason Krantz, CEO of Definitive Healthcare. “The need for Definitive Healthcare’s services is vast and we have developed the broadest and highest quality data set available anywhere. This move will allow us to continue to hire the best talent to help our clients make sense of this complicated marketplace and execute on our strategy to be the single source of all healthcare data.”
Definitive’s new headquarters address is 5 Strathmore Road, Natick, MA 01760.