About Akurate
Akurate is a Healthcare company based in Wilmington (United States). It offers revenue cycle management, medical coding, and billing for healthcare facilities. It operates on a B2B model. The company has 8 employees. Its Indian entity Akurate Management Solutions Private Limited reported revenue of ₹44.6 Lakh. Akurate offers products and services including Medical Billing, Medical Coding, MIPS Reporting, Transcription, and Credentialing. Its focus areas include Administrative Services, Transcription and Credentialing, Documentation Support and Medical Administration. Its competitors include Centivo, iMedX and Omega Healthcare; 2 of its 3 listed competitors have raised funding.
Company details
Akurate Management Solutions specializes in revenue cycle management for physicians, hospitals, and healthcare facilities, focusing on claims processing and collections. Their certified team, with over 10 years of experience, handles medical coding, billing, transcription, and credentialing to improve cash flow and compliance. Based in Dover, Delaware, USA, they serve clients like group practices and IDTFs through dedicated account management and analytical tools.
- Headquarters Wilmington, United States
- Employees 8
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website akuratems.com
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- Legal Name Akurate Management Solutions Private Limited
- Date of Incorporation 07 Oct, 2013
- Jurisdiction Hyderabad, Telangana, India
- Indian entity revenue₹44.6 Lakh
FY 2023 · +58% YoY
- Indian entity net profit₹2.7 Lakh
FY 2023 · 6% margin
- Indian entity EBITDA₹4.4 Lakh
FY 2023 · 10% margin
- Employee Count8
Associated legal entities of Akurate
Akurate operates through Akurate Management Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Akurate Management Solutions Private Limited CIN U72400TG2013PTC090358 | Active | 07 Oct 2013 | Hyderabad, Telangana | ₹0.4 Cr | 8 | 2 | View details |
Products & Services of Akurate
Akurate offers a comprehensive portfolio of products and services, including Medical Billing, Medical Coding, MIPS Reporting, Transcription, and Credentialing.
Manages claims and payments for healthcare providers to ensure timely collections.
Assigns codes to medical procedures for accurate billing and compliance.
Handles CMS registry reporting to secure incentives for providers.
Provides accurate transcription for medical records and documentation.
Facilitates provider credentialing for efficient healthcare operations.
Monitors accounts receivable to accelerate cash flow and reduce delays.
Board of directors of Akurate Management Solutions Private Limited (Akurate)
Akurate Management Solutions Private Limited is the primary company behind Akurate. The board of Akurate Management Solutions Private Limited currently have 2 directors; the longest-serving is Arun Kumar Palakala, appointed in 2013.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Arun Kumar Palakala DIN 06647496 | Director | 07 Oct 2013 | 13 yrs | Akurate Management Solutions Private Limited |
| Uma Rani Palakala DIN 06647504 | Director | 07 Oct 2013 | 13 yrs | Akurate Management Solutions Private Limited |
Financials of Akurate
Figures of Akurate Management Solutions Private Limited, the primary company behind Akurate, for FY 2023. Revenue was ₹44.6 Lakh (+58% year on year). Net profit was ₹2.7 Lakh (6% margin). EBITDA was ₹4.4 Lakh (10% margin). Revenue has grown at a compounded annual rate of -36% over three years and -25% over five years.
- ₹44.6 LakhRevenue · FY 2023 · +58% YoY
- ₹2.7 LakhNet profit · 6% margin
- ₹4.4 LakhEBITDA · 10% margin
- ₹1 LakhPaid-up capital
- 8Employees (provident fund records)
- -36%Revenue CAGR, 3 years
- -25%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Akurate Management Solutions Private Limited are on its company page.
Detailed financial statements for Akurate
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- Financial ratios
- Five-year trends
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Verified entity values are shown only after access is granted.
Competitors of Akurate
Akurate has 3 listed competitors in our database, 2 of them funded. They include Centivo, iMedX and Omega Healthcare.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| centivo.com | 2017 | New York, United States | $224M | 212 | Provider of self funded health plan | |
| imedx.com | 2002 | Atlanta, United States | $22.28M | 951 | Revenue cycle management platform is provided to healthcare providers. | |
| omegahms.com | 2003 | Boca Raton, United States | 26,750 | Healthcare outsourcing services are provided to various sectors. |
Detailed competitors of Akurate
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Verified entity values are shown only after access is granted.
Top companies in Healthcare Provider Support Services
3 companies that operate in the same segment as Akurate (Healthcare Provider Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of self funded health plan | 2017 | New York, New York, United States | USD 224 M | 212 | ||
Provider of AI solutions for clinical, operational, and business outcomes | 2005 | Princeton, New Jersey, United States | USD 1.13 B | USD 465.22 M | 5,442 | |
AMN Healthcare is recognized as a leading healthcare staffing provider. | 1985 | San Diego, California, United States | USD 2.73 B | 2,970 |
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Frequently Asked Questions about Akurate
Akurate is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Akurate has 8 employees.
The primary company behind Akurate, Akurate Management Solutions Private Limited, reported revenue of ₹44.6 Lakh for FY 2023, up 58% year on year.
Akurate Management Solutions specializes in revenue cycle management for physicians, hospitals, and healthcare facilities, focusing on claims processing and collections. Their certified team, with over 10 years of experience, handles medical coding, billing, transcription, and credentialing to improve cash flow and compliance. Based in Dover, Delaware, USA, they serve clients like group practices and IDTFs through dedicated account management and analytical tools.
Akurate's top competitors include Centivo, Omega Healthcare and iMedX.
Akurate offers Medical Billing, Medical Coding, MIPS Reporting, Transcription, and 2 more products and services.
Akurate operates through Akurate Management Solutions Private Limited.
The legal entities of Akurate currently have 2 directors, including Arun Kumar Palakala, Uma Rani Palakala.