Penstock Achieves Remarkable Growth, Ranking No. 353 on Inc. 5000 List of Fastest-Growing Companies
Penstock, a standout name in the field of payment integrity, has recently been recognized as one of America's fastest-growing private companies, securing the impressive No. 353 position on the annual Inc. 5000 list for 2025. This ranking is not just a number but a testament to the company's unwavering commitment to innovation, accuracy, and customer service in the healthcare and medical sectors. Each year, the Inc. 5000 List represents a comprehensive overview of the most established and burgeoning private enterprises making substantial contributions to the U.S. economy. Notable past members include household names such as Microsoft, Meta, and Patagonia, displaying the list’s prestigious value.
Moreover, Penstock has also been recognized as one of the top 50 fastest-growing companies specifically within the healthcare domain. This accolade follows their previous distinction as the top fastest-growing private company in the Northeast on the 2025 Inc. Regionals list. These accolades emphasize not only the rapid growth of Penstock but highlight its role as a reliable partner for health plans aiming for innovative solutions in payment integrity.
Steve Palma, the president and general manager of Penstock, expressed pride in this achievement, stating, “Placing 353 on the Inc. 5000 list is more than a milestone—it's a reflection of the trust our health plan partners place in us every day.” He also noted that the growth experienced by Penstock is due to their steadfast approach to delivering substantial results while maintaining strong partnerships. The recognition serves as validation, reinforcing that it is possible to achieve growth without compromising service quality.
The companies featured on this year's Inc. 5000 list have displayed exceptional growth under challenging economic conditions, including inflation and labor market fluctuations. Among the top 500 companies ranked, the average growth rate over the previous three years reached an astounding 1,507 percent, and collectively, these businesses contributed over 52,805 jobs to the American economy.
Mike Hofman, editor-in-chief of Inc., highlighted that this year’s honorees have showcased resilience and clarity of vision in the face of adversity, saying, “These businesses have thrived amid rising costs, shifting global dynamics, and constant change. They didn’t just weather the storm—they grew through it.”
Inc. Magazine plans to celebrate the achievements of these companies at the 2025 Inc. 5000 Conference & Gala, which will take place from October 22-24 in Phoenix, Arizona, where the top 500 companies will also be profiled in the Fall issue of Inc. Magazine.
To qualify for the Inc. 5000, businesses must have met specific criteria, including being U.S.-based, privately held, for-profit, and independent, generating revenue for a minimum of three years with a revenue range between $100,000 and $2 million from 2021 to 2024.
About Inc.: Inc. is a premier media brand that serves entrepreneurs and business leaders, providing valuable insights, resources, and recognition to help successful business ventures grow. Its goal is to promote and elevate the entrepreneurial spirit that fuels the U.S. economy. For more information, visit www.inc.com.
About Penstock: Penstock is revolutionizing the payment integrity space for health plans, committed to delivering unparalleled quality. Their proprietary technology, ClearBridge, empowers organizations by identifying significant savings opportunities through in-depth analytics and tailored audits. This systematic approach ensures precise payments, allowing health plans to reinvest resources into what truly matters—improving patient care and outcomes. To learn more about Penstock, visit www.penstockgroup.com.
Moreover, Penstock has also been recognized as one of the top 50 fastest-growing companies specifically within the healthcare domain. This accolade follows their previous distinction as the top fastest-growing private company in the Northeast on the 2025 Inc. Regionals list. These accolades emphasize not only the rapid growth of Penstock but highlight its role as a reliable partner for health plans aiming for innovative solutions in payment integrity.
Steve Palma, the president and general manager of Penstock, expressed pride in this achievement, stating, “Placing 353 on the Inc. 5000 list is more than a milestone—it's a reflection of the trust our health plan partners place in us every day.” He also noted that the growth experienced by Penstock is due to their steadfast approach to delivering substantial results while maintaining strong partnerships. The recognition serves as validation, reinforcing that it is possible to achieve growth without compromising service quality.
The companies featured on this year's Inc. 5000 list have displayed exceptional growth under challenging economic conditions, including inflation and labor market fluctuations. Among the top 500 companies ranked, the average growth rate over the previous three years reached an astounding 1,507 percent, and collectively, these businesses contributed over 52,805 jobs to the American economy.
Mike Hofman, editor-in-chief of Inc., highlighted that this year’s honorees have showcased resilience and clarity of vision in the face of adversity, saying, “These businesses have thrived amid rising costs, shifting global dynamics, and constant change. They didn’t just weather the storm—they grew through it.”
Inc. Magazine plans to celebrate the achievements of these companies at the 2025 Inc. 5000 Conference & Gala, which will take place from October 22-24 in Phoenix, Arizona, where the top 500 companies will also be profiled in the Fall issue of Inc. Magazine.
To qualify for the Inc. 5000, businesses must have met specific criteria, including being U.S.-based, privately held, for-profit, and independent, generating revenue for a minimum of three years with a revenue range between $100,000 and $2 million from 2021 to 2024.
About Inc.: Inc. is a premier media brand that serves entrepreneurs and business leaders, providing valuable insights, resources, and recognition to help successful business ventures grow. Its goal is to promote and elevate the entrepreneurial spirit that fuels the U.S. economy. For more information, visit www.inc.com.
About Penstock: Penstock is revolutionizing the payment integrity space for health plans, committed to delivering unparalleled quality. Their proprietary technology, ClearBridge, empowers organizations by identifying significant savings opportunities through in-depth analytics and tailored audits. This systematic approach ensures precise payments, allowing health plans to reinvest resources into what truly matters—improving patient care and outcomes. To learn more about Penstock, visit www.penstockgroup.com.
Topics Business Technology）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.