Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
National Research Corporation, now operating as NRC Health, is a healthcare analytics and insights company that provides data-driven solutions to improve patient experience, employee engagement, and organizational performance across the healthcare sector. The company operates primarily within the healthcare analytics, patient experience measurement, and performance improvement industries, serving providers, payers, and related healthcare organizations.
NRC Health’s core offerings center on patient and consumer experience surveys, regulatory measurement tools such as CAHPS programs, and advanced analytics that support strategic decision-making. The company is positioned as a long-term partner to healthcare organizations by combining longitudinal data, benchmarking, and predictive insights. Founded in 1981, National Research Corporation initially focused on healthcare market research and survey services, expanding over time into enterprise-wide analytics platforms. In 2021, the company rebranded as NRC Health to reflect its broader strategic emphasis on human-centered healthcare insights. In 2023, NRC Health was acquired by Beartooth Group and subsequently transitioned from being a publicly traded company to private ownership; public reporting after the acquisition is limited, and some post-transaction details are data inconclusive based on available public sources.
Business Operations
NRC Health generates revenue primarily through subscription-based contracts and professional services delivered to healthcare organizations. Its business is commonly described through integrated solution areas rather than formally reported operating segments, with key revenue drivers including Patient Experience Measurement, Employee Engagement Solutions, and Consumer Intelligence & Market Insights. These offerings leverage proprietary survey instruments, benchmarking databases, and analytics platforms to help clients meet regulatory requirements and improve clinical and operational outcomes.
The company’s operations are predominantly domestic, with the majority of revenue derived from clients in the United States healthcare market. NRC Health controls proprietary datasets, analytics methodologies, and digital survey platforms that are central to its value proposition. Historically, the company has operated without large-scale joint ventures, instead growing organically and through targeted acquisitions of complementary healthcare analytics capabilities. Following its acquisition by Beartooth Group, NRC Health continues to operate as an independent healthcare analytics platform, though detailed disclosures on current subsidiary structures are limited.
Strategic Position & Investments
Strategically, NRC Health focuses on deepening its role as a trusted analytics partner for healthcare organizations navigating value-based care, consumerism, and workforce challenges. Growth initiatives have historically emphasized expanding analytics capabilities, enhancing predictive insights, and integrating patient, employee, and consumer data into unified platforms. The company has also invested in digital delivery and advanced analytics to support real-time and longitudinal decision-making.
Notable historical investments include acquisitions that expanded NRC Health’s presence in consumer healthcare intelligence and brand measurement, strengthening its differentiation through large-scale normative datasets. Under private ownership by Beartooth Group, NRC Health’s long-term investment strategy is not fully disclosed in public filings; however, available information indicates continued emphasis on healthcare-focused analytics, experience measurement, and technology-enabled insight delivery. Specific post-acquisition investment plans are data inconclusive based on available public sources.
Geographic Footprint
NRC Health is headquartered in the United States, with its principal executive offices historically located in Nebraska. The company maintains a strong national footprint, serving healthcare systems, hospitals, payers, and senior living organizations across all major U.S. regions. Its solutions are designed to address U.S.-specific regulatory and reimbursement frameworks, which contributes to its dominant domestic focus.
Internationally, NRC Health has maintained a limited but notable presence, supporting select clients in Canada, Europe, and other global markets through data services and consulting engagements. While international operations have historically represented a smaller portion of overall activity, the company’s analytics platforms are scalable across geographies. The extent of current international investment and expansion following the 2023 privatization is data inconclusive based on available public sources.
Leadership & Governance
National Research Corporation was founded by Mike Hays, who played a key role in establishing its early focus on healthcare research and analytics. The company’s leadership philosophy emphasizes human-centered care, data-driven decision-making, and long-term partnerships with healthcare organizations. Governance and strategic oversight have evolved over time, particularly following the transition to private ownership.
Key executives associated with NRC Health include:
- Trent Green – Chief Executive Officer
- David Enloe – Chief Financial Officer
- Jeff Elliott – Chief Operating Officer
- Karen Olsen – Chief Human Resources Officer
- Elizabeth Schaeffer – Chief Strategy Officer
Leadership continuity has been a notable characteristic of the company, with executives often bringing long tenure in healthcare analytics and services. Following the acquisition by Beartooth Group, governance now includes private ownership representation, though detailed board composition and governance practices are not fully disclosed in public sources.