Advantum Health

Louisville, United States Founded: 2013 • Age: 13 yrs
Healthcare providers are supported in shifting to value-based care models.
Annual revenue $4.0M Latest available
Total funding - 1 rounds
Employees 384 Tracked headcount
Investors 1 Known backers
Products 5 Services tracked
Competitors 10 Brand Intelligence

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
  • Sectors
    Healthcare
  • 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
Operational Areas
Healthcare → Health Technology & Digital Health Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $4.02 M (USD)
    -3.39
    as on Mar 31, 2023
  • Net Profit
    $403.87 K (USD)
    22.7
    as on Mar 31, 2023
  • EBITDA
    $473.6 K (USD)
    0.74
    as on Mar 31, 2023
  • Latest Funding Round
    Not available
  • Investors
  • 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.

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Primary

Services for accurate coding to maximize healthcare payments

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Strategies to prevent and resolve claim denials effectively

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Follow-up processes to reduce outstanding receivables

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Assistance with enrollment and credentialing for providers

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Verification and management of patient eligibility and authorizations

People of Advantum Health

Headcount 500-1000
Employee Profiles 38
Board Members and Advisors 5
Employee Profiles
People
David Massengale
Controller
People
Tarah Vanhooser
Director, Provider Enrollment
People
Nancy Nelson
Senior Director, RCM, Enterprise Clients
People
Mallika Reddy
Uipath Developer

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Board Members and Advisors
people
Ricardo A. Salas
Board Member
people
Phillip Lewis
Board Member
people
Venkat Sharma
Founder/board Member
people
Rupen Patel
Board Member

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Funding Insights of Advantum Health

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.

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Venture Fund
Investor Description Founded Year Domain Location
Private equity investments are managed across the United States.
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Investor details for Advantum Health

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Investments & Acquisitions by Advantum Health

Advantum Health has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Med Advantage.

Investments
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Investment portfolio details for Advantum Health

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Acquisitions
Company Name Description Domain Location Founded Year Amount
Provider of medical credentialing and provider enrollment services among others
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Complete acquisition details for Advantum Health

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Financial Statements - Advantum Health

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Detailed financials for Advantum Health

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Advantum Health Comparisons

Advantum Health Primary company
Description
Healthcare providers are supported in shifting to value-base...
Location
Louisville, United States
Founded Year
2013
Annual Revenue
$4.02 M (USD)
Net Profit
$403.87 K (USD)
EBITDA
$473.6 K (USD)
Employees
384
As of 2024
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Peer comparison for Advantum Health

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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.

Company Name Domain Founded year HQ Location Description
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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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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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Intelligent solutions for complex health conditions are delivered through partnerships.
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Providing cloud-based population health management and data analytic solutions for HCOs
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Detailed competitors of Advantum Health

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Latest news on Advantum Health

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Complete news archive for Advantum Health

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Frequently Asked Questions about Advantum Health

Advantum Health was founded in 2013 and raised its 1st funding round 3 years after it was founded.

Advantum Health is headquartered in Louisville, United States. It is registered at Louisville, Kentucky, United States.

Venkat Sharma is the current CEO of Advantum Health. They have also founded this company.

As of Apr 08, 2024, the latest employee count at Advantum Health is 384.

Annual revenue of Advantum Health is $4.02M as on Mar 31, 2023.

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.

Advantum Health's top competitors include Arcadia, Lumeris and Aetion.

Advantum Health offers Medical Coding, Denial Management, Accounts Receivable Follow-up, Provider Enrollment, and Prior Authorization.

Advantum Health has made 1 acquisition, including Med Advantage.

Advantum Health has 1 investor. Key investors include Fulcrum Equity Partners.

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