About Connance
Connance is a company based in Waltham (United States) founded in 2007 was acquired by Waystar in September 2018.. Connance offers products and services including Financial Clearance, Revenue Capture, Claim Management, and Analytics Reporting. Connance operates in a competitive market with competitors including Lumeris, Arcadia, Aetion, Evolent and Advantum Health, among others.
- Headquarter Waltham, United States
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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 Connance, Inc.
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Products & Services of Connance
Connance offers a comprehensive portfolio of products and services, including Financial Clearance, Revenue Capture, Claim Management, and Analytics Reporting. 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.
Automates insurance verification and prior authorizations for providers
Identifies missing charges to optimize revenue collection
Streamlines claim monitoring and attachments processing
Provides data insights for denial prevention and recovery
Funding Insights of Connance
| 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 |
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Investors in Connance
Connance has secured backing from 1 investor. Prominent investors backing the company include Waystar. 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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Cloud-based healthcare revenue cycle management solutions are provided.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Connance
| 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 |
Financial Statements - Connance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Connance Comparisons
Competitors of Connance
Connance 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, Arcadia, Aetion, Evolent and Advantum Health, 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 |
Lumeris offers population management and accountable care solutions
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AI-based healthcare data analytics platform is provided for organizations.
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| domain | founded_year | HQ Location |
Provides payer/provider, biopharma and medical device customers with a platform to allow them to gain insights into the clinical and financial status of a population
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Intelligent solutions for complex health conditions are delivered through partnerships.
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Healthcare providers are supported in shifting to value-based care models.
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| domain | founded_year | HQ Location |
Healthcare analytics and data integration solutions are delivered.
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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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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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Frequently Asked Questions about Connance
When was Connance founded?
Connance was founded in 2007.
Where is Connance located?
Connance is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
What does Connance do?
Connance was founded in 2007 and is headquartered in Waltham, United States. Operations focus on the healthcare sector, where cloud-based predictive analytics technology is provided to assist providers in optimizing clinical and financial workflows. Revenue cycle solutions encompass patient pay optimization, claims optimization, and vendor management. Population health solutions address re-admissions, care transitions, and bundled payments.
Who are the top competitors of Connance?
What products or services does Connance offer?
Connance offers Financial Clearance, Revenue Capture, Claim Management, and Analytics Reporting.
Who are Connance's investors?
Connance has 1 investor. Key investors include Waystar.
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