FASTEST GROWING COMPANIES | $250,000-$5M | 3RD PLACE
Health care and big data go together.
But relevant, actionable data? That’s where East-Providence-based Predicata serves its clients. It had 197 percent growth from 2014 – when its revenue was $366,194 – to 2016, when it passed the million dollar mark.
“We focus on parsing that data, to find meaningful information,” said Mike Palazzini, president of the 5-year-old firm, which has hired 11 more team members since inception. “Companies will emphasize that having data is a good thing. But how does it benefit the client? There seems to be a struggle with what is actionable and what is just … there.”
Health care has lots of data on quality and cost, but the two aren’t connected, he said, partly because hospital culture isn’t focused on costs, but outcomes. Prices for the same procedures vary wildly among hospitals. Financially unsound hospitals don’t close, but are acquired by larger hospitals, he said. Doctors and hospital businesspeople don’t typically come together. Predicata facilitates that collaboration.
The latest tool in Predicata’s growth arsenal? Its merger with Pennsylvania-based health care supply-chain logistics consultancy Triose Inc. in March. Triose will offer Predicata’s services to some 1,000 hospitals nationwide.
CEO (or equivalent): Michael Palazzini, president
2016 Revenue: $1,087,722
2014 Revenue: $366,194
Revenue Growth: 197%
