Bonafide

Thousand Oaks, United States Founded: 1981 • Age: 45 yrs Acquired By WellSky
Practice management solutions for physician offices and DME providers to manage medical devices
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About Bonafide

Bonafide is a company based in Thousand Oaks (United States) founded in 1981 was acquired by WellSky in October 2024.. The company has 29 employees as of December 31, 2022. Bonafide offers products and services including DME/HME ERP Software, Facility Portal, Patient Portal, Mobile Delivery App, and Billing Software. Bonafide operates in a competitive market with competitors including Asimily, Censis, Glassbeam, Lumere and TriMedx, among others.

  • Headquarter Thousand Oaks, United States
  • Employees 29 as on 31 Dec, 2022
  • Sectors
    Healthcare
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Bonafide Management Systems, Inc.
Operational Areas
Healthcare → Health Technology & Digital Health
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    29

    as on Dec 31, 2022

  • Acquired by
    WellSky

    (Oct 25, 2024)

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Products & Services of Bonafide

Bonafide offers a comprehensive portfolio of products and services, including DME/HME ERP Software, Facility Portal, Patient Portal, Mobile Delivery App, and Billing Software. 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.

Primary

Manages workflows for DME and HME providers efficiently.

Facilitates order management for healthcare facilities.

Enables access to patient medical equipment information.

Supports delivery tracking and inventory on mobile devices.

Handles claim scrubbing and revenue cycle processes.

People of Bonafide
Headcount 10-50
Employee Profiles 11
Employee Profiles
People
Scott McDaniel
President & Chief Commercial Officer
People
Eddy Hsu
EVP & CTO
People
Sam Saw
EVP & COO
People
Bryan Hines
EVP & Chief Implementation Officer

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Funding Insights of Bonafide

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Bonafide

Bonafide has secured backing from 1 investor. Prominent investors backing the company include WellSky. 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.

All
Investor Description Founded Year Domain Location
Health care management platform is provided for providers and patients.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Bonafide

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Bonafide

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Bonafide Comparisons

Employees
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Competitors of Bonafide

Bonafide 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 Asimily, Censis, Glassbeam, Lumere and TriMedx, 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
domain founded_year HQ Location
Medical device assets are managed via an online platform.
domain founded_year HQ Location
SaaS-based surgical instrument tracking solutions are offered for healthcare providers.
domain founded_year HQ Location
AI and cloud-based medical equipment’s machine data management tool for providers
domain founded_year HQ Location
Provider of supply chain management and formulary management for pharmacies and healthcare organizations
domain founded_year HQ Location
Healthcare technology management services to health care providers and medical equipment manufacturers
domain founded_year HQ Location
AI-based cybersecurity solutions for healthcare networks are delivered.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Bonafide

Frequently Asked Questions about Bonafide

When was Bonafide founded?

Bonafide was founded in 1981.

Where is Bonafide located?

Bonafide is headquartered in Thousand Oaks, United States. It is registered at Thousand Oaks, California, United States.

How many employees does Bonafide have?

As of Dec 31, 2022, the latest employee count at Bonafide is 29.

What does Bonafide do?

Founded in 1981 and based in Thousand Oaks, United States, Bonafide operates in the healthcare sector, focusing on software for managing medical devices. Solutions include intake management for patient records and insurance, inventory control via scanners and barcodes, document automation for medical necessity letters, billing tools for claim scrubbing and payment auditing, and an analytical dashboard. All product costs and inventory are tracked digitally.

Who are the top competitors of Bonafide?

Bonafide's top competitors include Glassbeam, Asimily and Lumere.

What products or services does Bonafide offer?

Bonafide offers DME/HME ERP Software, Facility Portal, Patient Portal, Mobile Delivery App, and Billing Software.

Who are Bonafide's investors?

Bonafide has 1 investor. Key investors include WellSky.

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