About Advantum Health
Advantum Health is a company based in Louisville (United States) founded in 2013 by Venkat Sharma.. The company has 384 employees as of April 08, 2024. Advantum Health has completed 1 acquisition, including Med Advantage. Advantum Health offers products and services including Medical Coding, Denial Management, Accounts Receivable Follow-up, Provider Enrollment, and Prior Authorization. Advantum Health operates in a competitive market with competitors including Lumeris, Arcadia, Aetion, Evolent and Wellcentive, among others.
- Headquarter Louisville, United States
- Employees 384 as on 08 Apr, 2024
- Founders Venkat Sharma
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Sectors
Healthcare
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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 Advantum Health Private Limited
- Date of Incorporation 11 Dec, 2015
- Jurisdiction Shaikpet, Telangana, India
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Annual Revenue
$4.02 M (USD)-3.39as on Mar 31, 2023
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Net Profit
$403.87 K (USD)22.7as on Mar 31, 2023
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EBITDA
$473.6 K (USD)0.74as on Mar 31, 2023
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Latest Funding Round
- Investors
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Employee Count
384
as on Apr 08, 2024
- Investments & Acquisitions
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Products & Services of Advantum Health
Advantum Health offers a comprehensive portfolio of products and services, including Medical Coding, Denial Management, Accounts Receivable Follow-up, Provider Enrollment, and Prior Authorization. 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.
Services for accurate coding to maximize healthcare payments
Strategies to prevent and resolve claim denials effectively
Follow-up processes to reduce outstanding receivables
Assistance with enrollment and credentialing for providers
Verification and management of patient eligibility and authorizations
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Funding Insights of Advantum Health
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2016 | Amount | Series A - Advantum Health | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Advantum Health
Advantum Health has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Fulcrum Equity Partners. 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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Private equity investments are managed across the United States.
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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 Advantum Health
Advantum Health has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Med Advantage. 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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Provider of medical credentialing and provider enrollment services among others
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| 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 - Advantum Health
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Advantum Health Comparisons
Competitors of Advantum Health
Advantum Health 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 Lumeris, Arcadia, Aetion, Evolent and Wellcentive, 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 |
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| domain | founded_year | HQ Location |
Lumeris offers population management and accountable care solutions
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AI-based healthcare data analytics platform is provided for organizations.
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| domain | founded_year | HQ Location |
Provides payer/provider, biopharma and medical device customers with a platform to allow them to gain insights into the clinical and financial status of a population
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| domain | founded_year | HQ Location |
Intelligent solutions for complex health conditions are delivered through partnerships.
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| domain | founded_year | HQ Location |
Providing cloud-based population health management and data analytic solutions for HCOs
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Advantum Health
Frequently Asked Questions about Advantum Health
When was Advantum Health founded?
Advantum Health was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Where is Advantum Health located?
Advantum Health is headquartered in Louisville, United States. It is registered at Louisville, Kentucky, United States.
Who is the current CEO of Advantum Health?
Venkat Sharma is the current CEO of Advantum Health. They have also founded this company.
How many employees does Advantum Health have?
As of Apr 08, 2024, the latest employee count at Advantum Health is 384.
What is the annual revenue of Advantum Health?
Annual revenue of Advantum Health is $4.02M as on Mar 31, 2023.
What does Advantum Health do?
Advantum Health (iHealth Innovations) helps healthcare providers transition to value-based care and to other new payment models. The company offers a range of back-office and front-office technologies combined with personalized services. Some of their productivity tools and solutions for hospitals and physician practices include Revenue cycle Management, Practice Management, Population health management, Care coordination, Front-office support with scheduling, patient verification and customer service, Automated physician credentialing and Business intelligence, analytics, and quality reporting and population health solution allows you to stratify patients based upon their level of risk using both medical and demographic information. The care coordinator can further assess patients and re-stratify based upon a specific set of standards.
Who are the top competitors of Advantum Health?
What products or services does Advantum Health offer?
Advantum Health offers Medical Coding, Denial Management, Accounts Receivable Follow-up, Provider Enrollment, and Prior Authorization.
How many acquisitions has Advantum Health made?
Advantum Health has made 1 acquisition, including Med Advantage.
Who are Advantum Health's investors?
Advantum Health has 1 investor. Key investors include Fulcrum Equity Partners.
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