Advantasure

Glen Allen, United States Founded: 2018 • Age: 8 yrs Acquired By UST
Health management software is provided to hospitals by Advantasure.
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About Advantasure

Advantasure is a company based in Glen Allen (United States) founded in 2018 was acquired by UST in March 2023.. Advantasure offers products and services including BPaaS Ecosystem, Core Administration, Risk Adjustment, and Quality Improvement and Stars. Advantasure operates in a competitive market with competitors including athenahealth, Centivo, Notable, Access Healthcare and Symplr, among others.

  • Headquarter Glen Allen, United States
  • Sectors
    Healthcare
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Healthcare → Health Technology & Digital Health
Healthcare → Healthcare Services & Infrastructure
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    UST

    (Mar 22, 2023)

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Products & Services of Advantasure

Advantasure offers a comprehensive portfolio of products and services, including BPaaS Ecosystem, Core Administration, Risk Adjustment, and Quality Improvement and Stars. 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.

Primary

Integrated solutions for health plan operations and efficiency

Streamlines enrollment and operational processes for health plans

Improves reimbursement accuracy and compliance for healthcare

Manages performance metrics and strategies for health plans

People of Advantasure
Headcount 500-1000
Employee Profiles 28
Employee Profiles
People
Nicole Hohner-Westerlund
Portfolio Performance Reporting Manager
People
Darren McMichael
Managing Director, Product Hosting
People
Sindhuri Cherukuri
Senior Data Analyst
People
Eric Boll
Lead II - Business Analysis

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Funding Insights of Advantasure

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Advantasure

Advantasure has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include UST. 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.

All
Institutional
Investor Description Founded Year Domain Location
Provider of data analytics, cloud modernization, management strategy, and digital transformation services
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Advantasure

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Advantasure

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Advantasure Comparisons

Employees
+
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Competitors of Advantasure

Advantasure 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 athenahealth, Centivo, Notable, Access Healthcare and Symplr, 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
Cloud-based administrative tools for healthcare providers are offered.
domain founded_year HQ Location
Provider of self funded health plan
domain founded_year HQ Location
Wearable device provided for capturing patient-doctor interactions.
domain founded_year HQ Location
Provider of revenue cycle management, BPO, IT, and finance and accounting services
domain founded_year HQ Location
Cloud-based administrative solutions for healthcare credentialing and compliance are offered.
domain founded_year HQ Location
Medical payment integrity and analytics services are provided by MultiPlan.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Advantasure

Frequently Asked Questions about Advantasure

When was Advantasure founded?

Advantasure was founded in 2018.

Where is Advantasure located?

Advantasure is headquartered in Glen Allen, United States. It is registered at Glen Allen, Virginia, United States.

What does Advantasure do?

Advantasure was founded in 2018 and is headquartered in Glen Allen, United States. Health management software is offered by the company within the healthcare technology sector. The primary product, Symphony, supports administrative functions such as billing, claims processing, and enrollment. An integrated risk adjustment program is also facilitated through the cloud-based platform, enabling shared access to records and databases for hospital users across operations.

Who are the top competitors of Advantasure?

Advantasure's top competitors include athenahealth, Centivo and Access Healthcare.

What products or services does Advantasure offer?

Advantasure offers BPaaS Ecosystem, Core Administration, Risk Adjustment, and Quality Improvement and Stars.

Who are Advantasure's investors?

Advantasure has 1 investor. Key investors include UST.

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