About CipherHealth
CipherHealth is a Healthcare company based in New York (United States) founded in 2009 by Randy Cheung. SaaS based tools for patient engagement. CipherHealth has raised $37.58 million across 4 funding rounds from investors including Canadian Imperial Bank of Commerce, Blue Owl Capital and JMI Management. Its chief executive, as recorded, is Jake Pyles. Its website cipherhealth.com draws about 13 thousand monthly visits. CipherHealth offers products and services including CipherOutreach and CipherRounds. Its focus areas include HealthTech, Healthcare IT, Value Based Care and Patient Engagement. Its legal entity is CipherHealth Inc. Its competitors include Zimmer Biomet, ConnectiveRx and ixLayer; 2 of its 3 listed competitors have raised funding.
Company details
CipherHealth is a patient engagement company that uses predictive analytics to analyze clinical data and improve quality of care. The CipherHealth EVOLVE suite of technology solutions include -- Echo, tool for discharge instruction adherence; Voice, a post-discharge follow-up program; Orchid,a nurse rounding tool used on a smartphone; Link, wearable technology that tracks patient progress post-discharge and View, a care management platform. The company claims to help hospitals reduce readmission risks. It caters to providers, payors and patients.
- Headquarters New York, United States
- Founders Randy Cheung
- SectorsHealthcare
- Website cipherhealth.com
- Social LinkedIn X
- Legal Name Cipherhealth Inc.
- Total Equity Funding$37.58M (USD)
in 4 rounds
- InvestorsCanadian Imperial Bank of Commerce
& 2 more
Products & Services of CipherHealth
CipherHealth offers a comprehensive portfolio of products and services, including CipherOutreach and CipherRounds.
Sends automated reminders and messages for patient engagement.
Facilitates digital rounds to improve patient interactions.
Funding Insights of CipherHealth
CipherHealth has successfully raised a total of $37.58M across 4 strategic funding rounds. 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.
- Total Funding $37.58M
- Total Rounds 4
- Investors Count 3
All 4 funding rounds of CipherHealth with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2024 | Debt – Conventional | – | – | ||
| Aug 2020 | Debt – Conventional | – | – | ||
| May 2018 | $37.58M | Private Equity Round | – | JMI Management | – |
| Oct 2009 | Series A | – | – | – |
3 investors in total: 3 institutional.
Investors in CipherHealth
CipherHealth has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, Blue Owl Capital and JMI Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blue Owl Capital is engaged in alternative investment management. | atalayacap.com | New York, United States | ||
Private equity firm investing in software companies | jmi.com | Baltimore, United States | ||
Commercial banking services are provided to individuals and businesses. | 1867 | cibc.com | Toronto, Canada |
Investor details for CipherHealth
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of CipherHealth
2 people are tracked at CipherHealth (2 in leadership).
| Name | Role | Group |
|---|---|---|
Randy Cheung | Co-Founder | Leadership |
Jake Pyles | CEO | Leadership |
Complete people profiles for CipherHealth
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- Full employee list
- Team structure
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Timeline of CipherHealth
3 dated milestones of CipherHealth across 15 years, from founding to its latest funding, stage changes and deals.
- Founded CipherHealth is founded.
- Funding First funding round.
- Funding Latest funding round, Debt – Conventional,.
Competitors of CipherHealth
CipherHealth has 3 listed competitors in our database, 2 of them funded. They include Zimmer Biomet, ConnectiveRx and ixLayer.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zimmerbiomet.com | 1927 | Warsaw, United States | 18,000 | Medical devices for multiple health purposes are manufactured. | ||
| connectiverx.com | 2008 | Hanover, United States | $300M | 684 | Provider of patient engagement and prior authorization solutions | |
| ixlayer.com | 2017 | San Francisco, United States | $75M | Provider of cloud-based solution for precision and population health testing |
Detailed competitors of CipherHealth
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- Full competitor set
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Web traffic of CipherHealth
The website of CipherHealth (cipherhealth.com) receives about 13.2K visits a month.
- Monthly visits13.2K
▼ 54.5% vs previous month
Websites whose visitors overlap most with CipherHealth. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| pressganey.com | 100% | 5.9M | #13,592 | View details | |
| getwellnetwork.com | 83% | 133.8K | #249,658 | View details | |
| perfectserve.com | 79% | 53.1K | #501,652 | View details | |
| thoroughcare.net | 77% | 17.4K | #1,611,997 | View details | |
| docresponse.com | 73% | 61.7K | #320,266 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 26 similar websites and full traffic analytics for CipherHealth
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 26 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as CipherHealth (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Cipherhealth
Complete news archive for CipherHealth
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Frequently Asked Questions about CipherHealth
CipherHealth was founded in 2009.
CipherHealth is headquartered in New York, United States. It is registered at New York, New York, United States.
Jake Pyles is the CEO of CipherHealth, as recorded in our data.
CipherHealth is a funded company, having raised a total of $37.58M across 4 funding rounds to date.
CipherHealth is a patient engagement company that uses predictive analytics to analyze clinical data and improve quality of care. The CipherHealth EVOLVE suite of technology solutions include -- Echo, tool for discharge instruction adherence; Voice, a post-discharge follow-up program; Orchid,a nurse rounding tool used on a smartphone; Link, wearable technology that tracks patient progress post-discharge and View, a care management platform. The company claims to help hospitals reduce readmission risks. It caters to providers, payors and patients.
CipherHealth's top competitors include ixLayer, ConnectiveRx and Zimmer Biomet.
CipherHealth offers CipherOutreach and CipherRounds.
CipherHealth has 3 investors. Key investors include Canadian Imperial Bank of Commerce, Blue Owl Capital, and JMI Management.
CipherHealth operates through Cipherhealth Inc..