About Advantedge Healthcare Solutions
Advantedge Healthcare Solutions is a company based in Warren (United States) founded in 1999.. Advantedge Healthcare Solutions has raised $24 million across 2 funding rounds from investors including Safeguard Scientifics. The company has 743 employees as of April 03, 2024. Advantedge Healthcare Solutions has completed 6 acquisitions, including AHP Billing Services, AMSplus and Medical Account Services. Advantedge Healthcare Solutions offers products and services including Revenue Cycle Management, Analytics, and IT Solutions. Advantedge Healthcare Solutions operates in a competitive market with competitors including R1 RCM, Infinx, Xifin, LOGEX and AKASA, among others.
- Headquarter Warren, United States
- Employees 743 as on 03 Apr, 2024
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Sectors
HealthcareTechnology
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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 Advantedge Healthcare Solutions Private Limited
- Date of Incorporation 21 Dec, 2011
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$5.81 K (USD)-99.88as on Mar 31, 2022
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Net Profit
$620 (USD)-99.86as on Mar 31, 2022
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EBITDA
$1.01 K (USD)-99.86as on Mar 31, 2022
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Total Equity Funding
$24 M (USD)
in 2 rounds
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Latest Funding Round
$4 M (USD), Series A
Jan 10, 2011
- Investors
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Employee Count
743
as on Apr 03, 2024
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Investments & Acquisitions
AHP Billing Services
& 5 more
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Products & Services of Advantedge Healthcare Solutions
Advantedge Healthcare Solutions offers a comprehensive portfolio of products and services, including Revenue Cycle Management, Analytics, and IT Solutions. 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.
End-to-end solutions for billing, coding, and collections optimization.
Advanced dashboards for financial and operational decision-making.
Secure data management and integration for business operations.
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Funding Insights of Advantedge Healthcare Solutions
Advantedge Healthcare Solutions has successfully raised a total of $24M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in January 2011. 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 Series A — $4.0M
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First Round
First Round
(21 Nov 2006)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2011 | Amount | Series A - Advantedge Healthcare Solutions | Valuation |
investors |
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| Nov, 2006 | Amount | Series A - Advantedge Healthcare Solutions | Valuation |
investors |
| 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 Advantedge Healthcare Solutions
Advantedge Healthcare Solutions has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Safeguard Scientifics. 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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Venture capital firm investing in early and growth stage companies
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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.
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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 Advantedge Healthcare Solutions
Advantedge Healthcare Solutions has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include AHP Billing Services, AMSplus and Medical Account Services. 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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Medical billing and practice management services
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2004 | ||||
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Provider of biomethane injection into the gas grid and biofertilizer
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2003 | ||||
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Web-based medical billing solutions are offered for hospital-based physicians.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Advantedge Healthcare Solutions
| 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 |
Advantedge Healthcare Solutions Comparisons
Competitors of Advantedge Healthcare Solutions
Advantedge Healthcare Solutions 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 R1 RCM, Infinx, Xifin, LOGEX and AKASA, 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 |
End-to-end revenue cycle management is provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Revenue cycle management platform for healthcare is provided.
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| domain | founded_year | HQ Location |
Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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| domain | founded_year | HQ Location |
Healthcare financial management solutions are developed for institutions and physicians.
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| domain | founded_year | HQ Location |
Revenue cycle automation platforms are provided for healthcare reimbursement.
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| domain | founded_year | HQ Location |
SaaS solutions for hospitality revenue and operations management are delivered.
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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 Advantedge Healthcare Solutions
Frequently Asked Questions about Advantedge Healthcare Solutions
When was Advantedge Healthcare Solutions founded?
Advantedge Healthcare Solutions was founded in 1999 and raised its 1st funding round 7 years after it was founded.
Where is Advantedge Healthcare Solutions located?
Advantedge Healthcare Solutions is headquartered in Warren, United States. It is registered at Warren, Michigan, United States.
Is Advantedge Healthcare Solutions a funded company?
Advantedge Healthcare Solutions is a funded company, having raised a total of $24M across 2 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Nov 21, 2006.
How many employees does Advantedge Healthcare Solutions have?
As of Apr 03, 2024, the latest employee count at Advantedge Healthcare Solutions is 743.
What is the annual revenue of Advantedge Healthcare Solutions?
Annual revenue of Advantedge Healthcare Solutions is $5.81K as on Mar 31, 2022.
What does Advantedge Healthcare Solutions do?
Advantedge Healthcare Solutions designs and develops medical billing software for the healthcare providers. Additionally, it provides coding: diagnosis and procedure, compliance reporting, dashboards and analytics (informatics), consulting and practice management. The company also offers revenue cycle management services to physicians and medical billing companies. It caters to hospitals and office-based specialty physician practices. Acquired Medrium, AMSplus, AHP Billing Services and Medical Account Services.
Who are the top competitors of Advantedge Healthcare Solutions?
What products or services does Advantedge Healthcare Solutions offer?
Advantedge Healthcare Solutions offers Revenue Cycle Management, Analytics, and IT Solutions.
How many acquisitions has Advantedge Healthcare Solutions made?
Advantedge Healthcare Solutions has made 6 acquisitions, including AHP Billing Services, AMSplus, and Medical Account Services.
Who are Advantedge Healthcare Solutions's investors?
Advantedge Healthcare Solutions has 1 investor. Key investors include Safeguard Scientifics.
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