LYNDHURST, N.J.--(BUSINESS WIRE)--Vitals today announced it ranked No. 92 on Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.

Vitals launched in 2008 as a doctor search website. Since then, it has developed a full health care transparency and engagement solution that it provides through both its consumer websites and health plan websites. The company’s evolution comes as consumers face more responsibility in managing their health care. High deductibles, increased health facility choice and unknown costs have all contributed to the need for personalized, comprehensive data that helps consumers find better care at lower costs.

“This is solid recognition of the focus we’ve placed on helping people understand their health care options when it comes to choosing a doctor or care facility,” said Mitch Rothschild, CEO of Vitals. “We’re honored to be recognized for our commitment to bring a retail experience to the way people shop for health care services.”

VitalsChoice, Vital’s transparency and engagement solution for health plans, provides members access to cost and quality information to allow them to make better, more informed decisions. In addition, Vitals recently added a rewards and incentive program that can redirect consumers to lower-priced, similar quality care and help them achieve measurable savings. The company estimates that the average patient saves $635 each time they use their engagement service.

“The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “There are so many exciting products and smart thought leaders driving this list. We congratulate the Fast 500 companies and look forward to seeing them continue their momentum into 2015.”

About Vitals

Vitals is reinventing the way people shop and save on their medical care. We support effective decision-making through cost, quality and access data, as well as reward and incentive programs. Vitals leads the market with the first transparency and engagement platform that achieves measurable savings for consumers through a retail-like approach to purchasing health care services. Through health plans, hospitals and our leading consumer websites, Vitals helps more than 150 million people each year access better, more affordable care.

About Deloitte’s 2014 Technology Fast 500™

Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years and be headquartered within North America.