Company Overview
Wellfit Technologies, Inc. is a leading healthcare technology company headquartered at 125 E John Carpenter Fwy Suite 1200, Irving, TX 75062, United States. It specializes in an all-in-one technology platform that transforms patient financing, dental plans, and payment processing within dental practices. By integrating into existing practice management systems, Wellfit strives to remove financial barriers and simplify operations, thereby enhancing patient experiences and boosting both case acceptance rates and practice profitability.
Financial Overview
Wellfit's annual revenue is estimated to be $16.5 million. The company employs 68 staff members and has experienced a 33% increase in employee count over the last year, indicating significant growth and expansion.
Leadership and Key Personnel
- Fulton Collins: Chief Executive Officer. He oversees operations across more than 900 practices, facilitating sales of over 355,000 dental plans, and processing over $2 billion in payments. Fulton Collins holds an MBA from Stanford University and is central to Wellfit’s strategic vision and growth.
- Todd Vick: Chief Financial Officer, known for his expertise in financial leadership and operational management, instrumental in handling Wellfit's financial strategy.
- John Chipps: Chief Technology Officer, pivotal in driving technological innovation that improves patient financing processes.
- Catlin Zuniga: Vice President of Sales, focused on market expansion and partnerships with dental practices nationwide.
- Other key personnel include Rick McDonough (General Counsel), Brad Tharp (Chief Product Officer), Joey Ams (Vice President of Analytics and Strategic Alliances), and Emma Belconis (Director of Human Resources).
Products and Solutions
Wellfit offers a unified platform for dental practices to offer patient financing, dental plans, and payment solutions efficiently. A highlight is the "Financing MarketPlace," which approves up to 100% of patient applications, enhancing access to dental care and boosting practice revenue. This platform alleviates administrative burdens, allowing dental staff to focus more on patient care.
Achievements and Recognition
- Featured among the 50 Best Workplaces of the Year 2023.
- Ranked #177 on the 2024 Deloitte Technology Fast 500™.
- Certified as a Great Place to Work, emphasizing its commitment to a positive workplace culture.
Customer Testimonials and Impact
Wellfit’s services have been praised for simplifying the financing process, empowering patients to manage their billing independently, and enhancing the patient experience overall, leading to improved case acceptance rates.
For more information, Wellfit Technologies can be contacted via email or at (855) 255-3313.
Competitor Overview
1. Wild Water Adventure Park
- Revenue: $14.3 million
- Employees: 59
- Employee Growth: 9%
- Location: Clovis, California
- Industry: Entertainment
Wild Water Adventure Park is the largest water park in California and operates in the entertainment sector, which is distinct from Wellfit’s focus on healthcare technology.
2. Youngevity International
- Revenue: $179.6 million
- Employees: 532
- Employee Growth: 7%
- Products: Nutritional products, commercial coffee
- Headquarters: Chula Vista, California
Youngevity is active in nutritional products and commercial coffee distribution, making its market focus considerably different from Wellfit’s dental payment solutions.
3. Cornerstone Fitness
- Revenue: $6.5 million
- Employees: 30
- Employee Growth: 3%
- Location: Lynchburg, Virginia
- Industry: Wellness and Fitness Services
Cornerstone Fitness engages in corporate wellness programs, promoting employee health, but it diverges in focus from Wellfit’s target market within the dental sector.
Strategic Insights
Wellfit operates in a diverse competitive landscape filled with companies from the health, wellness, and entertainment sectors. By specializing in simplifying dental payments, Wellfit maintains a unique niche that may mitigate the impact of competition from firms like Wild Water Adventure Park or Youngevity. With positive employee and revenue growth indicators, Wellfit is poised for sustained market influence and strategic expansion opportunities.
