About ABILITY
ABILITY is a company based in Minneapolis (United States) founded in 2000 was acquired by Inovalon in March 2018. ABILITY has raised $32.73 million across 4 funding rounds from investors including Inovalon, Bain Capital Ventures and Lemhi Ventures. The company has 419 employees as of December 31, 2018. ABILITY has completed 7 acquisitions, including E- Health Data Solutions, G4 Health Systems and Ivans. ABILITY offers products and services including Provider Cloud, Claims Management Pro, Eligibility Verification, Pharmacy Surveillance, and Schedule Management. ABILITY operates in a competitive market with competitors including Leapstack, TriZetto, Connecture, PayMedix and Hella Health, among others.
- Headquarter Minneapolis, United States
- Employees 419 as on 31 Dec, 2018
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$32.73 M (USD)
in 4 rounds
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Latest Funding Round
$545 M (USD), Debt – Conventional
Dec 14, 2017
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Investors
Inovalon
& 3 more
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Employee Count
419
as on Dec 31, 2018
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Investments & Acquisitions
E- Health Data Solutions
& 6 more
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Acquired by
Inovalon
(Mar 07, 2018)
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Products & Services of ABILITY
ABILITY offers a comprehensive portfolio of products and services, including Provider Cloud, Claims Management Pro, Eligibility Verification, Pharmacy Surveillance, and Schedule Management.
Platform for revenue cycle and care management tools.
Software for automating claims processing and reducing denials.
Tool for verifying insurance eligibility across payers.
System to prevent adverse drug events in pharmacies.
Software for staff scheduling and attendance tracking.
Funding Insights of ABILITY
ABILITY has successfully raised a total of $32.73M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $545 million completed in December 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in ABILITY
ABILITY has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Inovalon, Bain Capital Ventures and Lemhi Ventures.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund focused on investing in multiple sectors
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Venture capital investments are focused on healthcare system transformation.
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Healthcare startups are funded by this venture capital firm.
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Investor details for ABILITY
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by ABILITY
ABILITY has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include E- Health Data Solutions, G4 Health Systems and Ivans.
Investment portfolio details for ABILITY
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Data analytics platform is provided for healthcare organizations.
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Analytics-based revenue-cycle management is offered for long-term care providers.
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Locked | Locked | 2001 | Locked | |
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Provides revenue cycle management applications, API services, and SaaS solutions to the healthcare industry.
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Locked | Locked | 2000 | Locked |
Complete acquisition details for ABILITY
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Financial Statements - ABILITY
Detailed financials for ABILITY
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Ability Comparisons
Peer comparison for ABILITY
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Competitors of ABILITY
ABILITY operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Leapstack, TriZetto, Connecture, PayMedix and Hella Health, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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AI and big data-based risk & claim management solutions for the health insurance industry
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Software solutions for healthcare payers and providers are offered.
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| Locked | Locked | Locked |
Web-based solutions for health insurance sales and automation are delivered.
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Healthcare payment processing systems are provided for the insurance sector.
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Platform offering medicare health insurance plans
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Detailed competitors of ABILITY
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Latest news on Ability
Complete news archive for ABILITY
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Frequently Asked Questions about ABILITY
ABILITY was founded in 2000 and raised its 1st funding round 7 years after it was founded.
ABILITY is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
ABILITY is a funded company, having raised a total of $32.73M across 4 funding rounds to date.
As of Dec 31, 2018, the latest employee count at ABILITY is 419.
ABILITY was founded in 2000 in Minneapolis, United States. Solutions for insurance claims and revenue cycle management are delivered to the insurance industry and healthcare providers. Financial clearance tools are offered to support revenue capture and risk reduction for providers and payers. Services include Medicare claims processing, remittance handling, performance benchmarking, and analytics to aid operational efficiency in the healthcare sector.
ABILITY's top competitors include Connecture, 4L Data Intelligence and TriZetto.
ABILITY offers Provider Cloud, Claims Management Pro, Eligibility Verification, Pharmacy Surveillance, and Schedule Management.
ABILITY has made 7 acquisitions, including E- Health Data Solutions, G4 Health Systems, and Ivans.
ABILITY has 4 investors. Key investors include Inovalon, Bain Capital Ventures, Lemhi Ventures, and Transformation Capital.