About Allied Benefit Systems
Allied Benefit Systems is a company based in Chicago (United States) founded in 1980. It operates as a Managed Services. The company has 413 employees as of December 31, 2022. Allied Benefit Systems has completed 1 acquisition, including MedXoom. Allied Benefit Systems offers products and services including Health Plan Administration, Analytics & Insights, Care & Cost Management, and Provider Networks. Allied Benefit Systems operates in a competitive market with competitors including Premera, Blue Cross and Blue Shield of Minnesota, CareFirst, Genuine Health Group and eAssist Dental Solutions, among others.
- Headquarter Chicago, United States
- Employees 413 as on 31 Dec, 2022
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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 Allied Benefit Systems, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
413
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Allied Benefit Systems
Allied Benefit Systems offers a comprehensive portfolio of products and services, including Health Plan Administration, Analytics & Insights, Care & Cost Management, and Provider Networks. 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.
Health plans are managed for optimized member experience.
Data analytics are provided for healthcare cost reduction.
Care solutions are offered to manage healthcare expenses.
Customizable provider networks are facilitated for healthcare access.
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Funding Insights of Allied Benefit Systems
- 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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| Feb, 2021 | Amount | Private Equity Round - Allied Benefit Systems | Valuation | Stone Point Capital |
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| 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 Allied Benefit Systems
Allied Benefit Systems has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Stone Point Capital. 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 firm investing in global financial services sectors.
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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 Allied Benefit Systems
Allied Benefit Systems has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MedXoom. 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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Cloud-based health benefits management platform for employers, patients, and providers
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2013 |
| 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 - Allied Benefit Systems
| 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 |
Allied Benefit Systems Comparisons
Competitors of Allied Benefit Systems
Allied Benefit Systems 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 Premera, Blue Cross and Blue Shield of Minnesota, CareFirst, Genuine Health Group and eAssist Dental Solutions, 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 |
Provides comprehensive health insurance services.
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| domain | founded_year | HQ Location |
Provides health insurance services to individuals and families.
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| domain | founded_year | HQ Location |
Provider of healthcare insurance services
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| domain | founded_year | HQ Location |
Healthcare cost management services are offered to healthcare providers.
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| domain | founded_year | HQ Location |
Outsourced dental billing and revenue cycle management services are offered.
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| domain | founded_year | HQ Location |
Employer benefits quoting software for healthcare price transparency
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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 Allied Benefit Systems
Frequently Asked Questions about Allied Benefit Systems
When was Allied Benefit Systems founded?
Allied Benefit Systems was founded in 1980 and raised its 1st funding round 41 years after it was founded.
Where is Allied Benefit Systems located?
Allied Benefit Systems is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Allied Benefit Systems?
Laurence Wilneff is the current CEO of Allied Benefit Systems.
How many employees does Allied Benefit Systems have?
As of Dec 31, 2022, the latest employee count at Allied Benefit Systems is 413.
What does Allied Benefit Systems do?
Healthcare solutions are delivered by Allied Benefit Systems, focusing on health plan administration, analytics, care management, and provider networks. Services are designed to reduce costs and optimize member experiences in the employee benefits sector. Innovative data-driven approaches are utilized to support workplace health cultures across the United States.
Who are the top competitors of Allied Benefit Systems?
Allied Benefit Systems's top competitors include CareFirst, Genuine Health Group and eAssist Dental Solutions.
What products or services does Allied Benefit Systems offer?
Allied Benefit Systems offers Health Plan Administration, Analytics & Insights, Care & Cost Management, and Provider Networks.
How many acquisitions has Allied Benefit Systems made?
Allied Benefit Systems has made 1 acquisition, including MedXoom.
Who are Allied Benefit Systems's investors?
Allied Benefit Systems has 1 investor. Key investors include Stone Point Capital.
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