WellPsyche Ranks #3540 on the 2023 Inc. 5000
8/28/2023
Inc. revealed that WellPsyche, the telehealth company offering psychiatry and talk therapy services, ranks No. 3540 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
Since its foundation in 2010, WellPsyche has quickly risen as a leader in telepsychiatry delivering clinically-sound, telehealth solutions for individuals grappling with conditions like anxiety, depression, PTSD, bipolar disorder, and other mental health challenges.
“We're deeply honored to be part of the prestigious Inc. 5000 list. It's a reminder that when you're driven by purpose and passion, the sky's the limit,” says WellPsyche CEO & Founder Adel Mostafavi, MD. “WellPsyche is more than a company; it's a promise to make wellness and mental health more personal, accessible, and transformative for everyone.”
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
WellPsyche’s inclusion on the Inc. 5000 list comes at a significant time for the company, which achieved exponential success in the past year. More than doubling in growth in the last year, WellPsyche continues to expand nationwide and remains at the forefront of innovation in the mental health space, consistently staying on top of technology advancements and simplifying the user experience.
About WellPsyche
Founded in 2010 by Adel Mostafavi, MD, WellPsyche Medical Group is a physician-run leader in Telepsychiatry, providing quality therapy and psychiatric services for children, adolescents, and adults striving to achieve mental health and wellness and reach their full potential. WellPsyche takes a unique approach to mental health care, fostering collaboration amongst providers and patients to ensure well-rounded care that addresses all aspects of the individual. WellPsyche’s vision is to transform the mental health experience and help people live with purpose.
For more information, visit www.wellpsyche.com.
Media Inquiries:
Marisa Freeden
Chief Marketing Officer at WellPsyche
More about Inc. and the Inc. 5000
Methodology
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, slated for October 31 - November 2 in San Antonio, visit http://conference.inc.com/.
© Wellpsyche 2023