HighFive Healthcare

About HighFive Healthcare

HighFive Healthcare operates as a specialty dental partnership organization, focusing on the endodontics and oral surgery markets across the southeastern United States. Founded in 2018 by Chad Trull, who serves as the company's CEO, HighFive is headquartered in Birmingham, Alabama. Trull, a two-time nominee for the Ernst & Young Entrepreneur of the Year Award, began his career in finance and accounting at Deloitte before founding and leading several successful healthcare companies, including Hospicelink and Independent Medical Equipment.

The company's business model is structured as a dental support organization (DSO) that is majority doctor-owned, which allows partner clinicians to maintain their clinical autonomy. HighFive's core service is to manage the business aspects of dental practices, enabling oral surgeons and endodontists to concentrate on patient care. This includes handling operations, marketing, online scheduling, and leveraging collective buying power. Revenue is generated by partnering with and acquiring existing specialty dental practices. This model is designed to elevate private practices through scale and optimization.

HighFive has experienced significant growth, doubling its practice size in 2022 and increasing annual revenue by 150% from 2021 to 2022. This expansion has been fueled by substantial financial backing, including a $100 million growth investment led by Norwest in June 2023. This funding was intended to refinance existing debt and provide liquidity for future acquisitions. The company's rapid growth earned it a ranking of No. 798 on the 2024 Inc. 5000 list of the fastest-growing private companies in America. HighFive manages practices in nine states, including Alabama, Florida, Georgia, and Texas, with plans for further market expansion.