About CareMetx
CareMetx is a company based in Bethesda (United States) founded in 2011 by Robert K Dresing and Mark Hansan was acquired by General Atlantic in January 2021.. The company has 501 employees as of December 31, 2022. CareMetx has completed 4 acquisitions, including BioSolutia, Human Care Systems and PX. CareMetx offers products and services including PX Connect and Hub Services. CareMetx operates in a competitive market with competitors including athenahealth, Symplr, Helium Health, Notable and MedeAnalytics, among others.
- Headquarter Bethesda, United States
- Employees 501 as on 31 Dec, 2022
- Founders Robert K Dresing, Mark Hansan
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Sectors
Healthcare
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Phone
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Website
*********
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Social
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- Legal Name Caremetx, 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
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Investors
General Atlantic
& 1 more
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Employee Count
501
as on Dec 31, 2022
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Investments & Acquisitions
BioSolutia
& 3 more
- Acquired by
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Products & Services of CareMetx
CareMetx offers a comprehensive portfolio of products and services, including PX Connect and Hub Services. 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.
Streamlines patient enrollment and authorizations for healthcare providers.
Manages end-to-end digital support for pharmaceutical brands.
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Leadership Team
28 people
Software Development Team
23 people
Operations Team
11 people
Sales and Marketing
6 people
Senior Team
5 people
Product Management Team
4 people
Finance and Accounting
4 people
Data Analysis and Operations Team
2 people
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Funding Insights of CareMetx
| 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 CareMetx
CareMetx has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include General Atlantic and The Vistria Group. 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 fund focused on global markets
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Founded Year | Domain | Location | |
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A private investment firm focused on essential industries is operated.
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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 CareMetx
CareMetx has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include BioSolutia, Human Care Systems and PX. 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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Technology solutions for improving patient access to specialty pharmacy prodcuts
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2013 | ||||
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Patient communications are enabled through a cloud-based machine learning platform.
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2008 | ||||
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Consulting and reimbursement services for pharmaceutical industries are provided.
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2004 |
| 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 - CareMetx
| 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 |
Caremetx Comparisons
Competitors of CareMetx
CareMetx 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 athenahealth, Symplr, Helium Health, Notable and MedeAnalytics, 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 |
Cloud-based administrative tools for healthcare providers are offered.
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| domain | founded_year | HQ Location |
Cloud-based administrative solutions for healthcare credentialing and compliance are offered.
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Electronic medical records software is provided for healthcare providers.
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| domain | founded_year | HQ Location |
Wearable device provided for capturing patient-doctor interactions.
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| domain | founded_year | HQ Location |
Healthcare analytics are delivered to enhance provider performance.
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| domain | founded_year | HQ Location |
Hospital management software is provided for patient care processes.
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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 Caremetx
Frequently Asked Questions about CareMetx
When was CareMetx founded?
CareMetx was founded in 2011.
Where is CareMetx located?
CareMetx is headquartered in Bethesda, United States. It is registered at Bethesda, Maryland, United States.
How many employees does CareMetx have?
As of Dec 31, 2022, the latest employee count at CareMetx is 501.
What does CareMetx do?
CareMetx was founded in 2011 in Bethesda, United States, within the healthcare sector. Administrative services and electronic health record (EHR) solutions are delivered to support professionals in patient management. Cloud-based EHR tools are employed to record consent signatures on hospital forms. A business intelligence platform is used to produce real-time reports on clients and vendors. Data management systems are implemented for secure storage of medical documents.
Who are the top competitors of CareMetx?
CareMetx's top competitors include athenahealth, Notable and Symplr.
What products or services does CareMetx offer?
CareMetx offers PX Connect and Hub Services.
How many acquisitions has CareMetx made?
CareMetx has made 4 acquisitions, including BioSolutia, Human Care Systems, and PX.
Who are CareMetx's investors?
CareMetx has 2 investors. Key investors include General Atlantic, and The Vistria Group.