About Access Healthcare
Access Healthcare is a company based in Chennai (India) founded in 2011 by Vardhman Jain.. Access Healthcare has raised $3.9 million across 2 funding rounds from investors including athenahealth, New Mountain Capital and Vardhman Jain. The company has 17,503 employees as of April 05, 2024. Access Healthcare has completed 2 acquisitions, including Access Healthcare and Envera Health. Access Healthcare offers products and services including echo Automation Platform, Revenue Cycle Services, and echobot Autonomous Coding. Access Healthcare operates in a competitive market with competitors including Centivo, MultiPlan, Performant Financial, Omega Healthcare and Light Wave Dental, among others.
- Headquarter Chennai, India
- Employees 17503 as on 05 Apr, 2024
- Founders Vardhman Jain
- Stage Minicorn
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Sectors
HealthcareBusiness Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Access Healthcare Services Private Limited
- Date of Incorporation 24 Jan, 2011
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$284.62 M (USD)57.03as on Mar 31, 2023
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Net Profit
$53.31 M (USD)76.98as on Mar 31, 2023
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EBITDA
$83.84 M (USD)89.07as on Mar 31, 2023
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Total Equity Funding
$3.9 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
athenahealth
& 2 more
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Employee Count
17503
as on Apr 05, 2024
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Investments & Acquisitions
Access Healthcare
& 1 more
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Products & Services of Access Healthcare
Access Healthcare offers a comprehensive portfolio of products and services, including echo Automation Platform, Revenue Cycle Services, and echobot Autonomous Coding. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform using AI for revenue cycle bots and process optimization.
Services for patient access, coding, and denial management in healthcare.
AI tool for automated medical coding and documentation improvement.
Unlock access to complete
Funding Insights of Access Healthcare
Access Healthcare has successfully raised a total of $3.9M across 2 strategic funding rounds. 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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(08 Aug 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Private Equity Round - Access Healthcare | Valuation |
investors |
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| Aug, 2013 | Amount | Series A - Access Healthcare | Valuation | athenahealth |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Access Healthcare
Access Healthcare has secured backing from 3 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include athenahealth, New Mountain Capital and Vardhman Jain. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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New Mountain Capital manages investments in private equity, credit, and net lease strategies.
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Founded Year | Domain | Location | |
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Cloud-based administrative tools for healthcare providers are offered.
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Founded Year | Domain | Location | |
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VJ
Vardhman Jain |
Angel investor and entrepreneur, founder of Vardhman Group, active in Indian startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Access Healthcare
Access Healthcare has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Access Healthcare and Envera Health. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Digital patient engagement platforms are provided for healthcare providers.
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2015 | ||||
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Medical billing, coding, transcription, and verification services are provided.
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Access Healthcare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Access Healthcare Comparisons
Competitors of Access Healthcare
Access Healthcare 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 Centivo, MultiPlan, Performant Financial, Omega Healthcare and Light Wave Dental, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of self funded health plan
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| domain | founded_year | HQ Location |
Medical payment integrity and analytics services are provided by MultiPlan.
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| domain | founded_year | HQ Location |
Recovery solutions for government obligations are provided by Performant Financial.
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| domain | founded_year | HQ Location |
Healthcare outsourcing services are provided to various sectors.
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| domain | founded_year | HQ Location |
Dental practice brokerage services are provided to facilitate transactions.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Access Healthcare
Frequently Asked Questions about Access Healthcare
When was Access Healthcare founded?
Access Healthcare was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is Access Healthcare located?
Access Healthcare is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Who is the current CEO of Access Healthcare?
Anurag Jain is the current CEO of Access Healthcare.
Is Access Healthcare a funded company?
Access Healthcare is a funded company, having raised a total of $3.9M across 2 funding rounds to date. The company's 1st funding round was a Series A of $3.9M, raised on Aug 08, 2013.
How many employees does Access Healthcare have?
As of Apr 05, 2024, the latest employee count at Access Healthcare is 17,503.
What is the annual revenue of Access Healthcare?
Annual revenue of Access Healthcare is $284.62M as on Mar 31, 2023.
What does Access Healthcare do?
Access Healthcare was founded in 2011 in Chennai, India, as a provider of revenue cycle management, business process outsourcing, IT, and finance and accounting services within the healthcare sector. Services are extended to hospitals, healthcare systems, revenue cycle partners, dental practices, and payers. Technology-enabled solutions cover front-end, mid-cycle, and back-end processes, with AI-powered automation and supporting technologies integrated into operations.
Who are the top competitors of Access Healthcare?
Access Healthcare's top competitors include Centivo, Rennova Health and MultiPlan.
What products or services does Access Healthcare offer?
Access Healthcare offers echo Automation Platform, Revenue Cycle Services, and echobot Autonomous Coding.
How many acquisitions has Access Healthcare made?
Access Healthcare has made 2 acquisitions, including Access Healthcare, and Envera Health.
Who are Access Healthcare's investors?
Access Healthcare has 3 investors. Key investors include athenahealth, New Mountain Capital, and Vardhman Jain.
What is Access Healthcare's valuation?
The valuation of Access Healthcare is $8.05M as of Aug 2013.
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