About Benefits Science
Benefits Science is a company based in Boston (United States) founded in 2012 by Sid Mann, Dimitris Bertsimas, and Stephen Sofoul was acquired by MultiPlan in May 2023. Benefits Science has raised $4.06 million across 4 funding rounds from investors including MultiPlan. The company has 49 employees as of December 31, 2022. Benefits Science offers products and services including Analytics-Based Services, Data & Decision Science Services, Network-Based Services, Payment & Revenue Integrity Services, and Surprise Billing Services. Benefits Science operates in a competitive market with competitors including Lumeris, Ribbon Health, Prognos Health, PurpleLab and Assured Allies, among others.
- Headquarter Boston, United States
- Employees 49 as on 31 Dec, 2022
- Founders Sid Mann, Dimitris Bertsimas, Stephen Sofoul
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Financial ServicesHealthcare
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- Legal Name Benefits Science Llc
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Products & Services of Benefits Science
Benefits Science offers a comprehensive portfolio of products and services, including Analytics-Based Services, Data & Decision Science Services, Network-Based Services, Payment & Revenue Integrity Services, and Surprise Billing Services.
Analyzes medical charges to identify cost reductions for healthcare stakeholders.
Delivers actionable data for optimizing healthcare plan designs and decisions.
Manages custom provider networks to improve healthcare access and efficiency.
Prevents improper billing to maximize savings in healthcare transactions.
Handles compliance for surprise bills to protect plan members.
People of Benefits Science
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Funding Insights of Benefits Science
Benefits Science has successfully raised a total of $4.06M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $3 million completed in July 2019. 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.
Investors in Benefits Science
Benefits Science has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include MultiPlan.
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Medical payment integrity and analytics services are provided by MultiPlan.
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Investor details for Benefits Science
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Investments & Acquisitions by Benefits Science
Investment portfolio details for Benefits Science
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Financial Statements - Benefits Science
Detailed financials for Benefits Science
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Benefits Science Comparisons
Peer comparison for Benefits Science
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Competitors of Benefits Science
Benefits Science 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, Ribbon Health, Prognos Health, PurpleLab and Assured Allies, among others.
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Lumeris offers population management and accountable care solutions
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Predictive analytics platform is provided for healthcare providers.
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AI-based platform for clinical data sharing and management is provided.
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Healthcare analytics solutions for healthcare stakeholders
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Predictive solutions are offered for policyholders' aging journeys.
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Data management software is provided for healthcare administration tasks.
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Detailed competitors of Benefits Science
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Latest news on Benefits Science
Complete news archive for Benefits Science
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Frequently Asked Questions about Benefits Science
Benefits Science was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Benefits Science is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Stephen Sofoul is the current CEO of Benefits Science. They have also founded this company.
Benefits Science is a funded company, having raised a total of $4.06M across 4 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Benefits Science is 49.
Benefits Science was founded in 2012 in Boston, United States, focusing on the healthcare sector. A cloud-based platform is utilized to analyze population risks, examine claims for fraud reduction, and generate prescriptive recommendations. These services support healthcare providers in managing costs through data-driven insights, with operations centered in the U.S. The company is led by co-founders including Stephen Sofoul as CEO.
Benefits Science's top competitors include Lumeris, Ribbon Health and Prognos Health.
Benefits Science offers Analytics-Based Services, Data & Decision Science Services, Network-Based Services, Payment & Revenue Integrity Services, and Surprise Billing Services.
Benefits Science has 1 investor. Key investors include MultiPlan.