About Convey Health
Convey Health is a company based in Sunrise (United States) founded in 2001 was acquired by TPG in September 2019.. Convey Health has completed 3 acquisitions, including Gorman Health Group, HealthScape and Pareto Intel. Convey Health offers products and services including Pre-enrollment Services, Risk Adjustment Analytics, Enrollment and Billing, and Supplemental Benefits. Convey Health operates in a competitive market with competitors including Centivo, Access Healthcare, MultiPlan, Omega Healthcare and Light Wave Dental, among others.
- Headquarter Sunrise, United States
- Stage Public
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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 Convey Health Solutions Holdings, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$143 M (USD), Debt – Conventional
Jan 02, 2019
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Investors
TPG
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Gorman Health Group
& 2 more
- Acquired by
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Products & Services of Convey Health
Convey Health offers a comprehensive portfolio of products and services, including Pre-enrollment Services, Risk Adjustment Analytics, Enrollment and Billing, and Supplemental Benefits. 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 pre-enrollment and sales processes for health plans.
Monitors compliance and risk for healthcare payers.
Handles member enrollment and premium billing efficiently.
Manages benefits like rewards and engagement programs.
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Funding Insights of Convey Health
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $143.0M
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First Round
First Round
(02 Jan 2019)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2019 | Amount | Debt – Conventional - Convey Health | Valuation |
investors |
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| 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 |
Investors in Convey Health
Convey Health has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include TPG, New Mountain Capital and Eir Partners. 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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New Mountain Capital manages investments in private equity, credit, and net lease strategies.
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Founded Year | Domain | Location | |
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Healthcare technology investments are facilitated by Eir Partners.
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Founded Year | Domain | Location | |
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Fund of funds focused on pre-seed and seed-stage companies
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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 Convey Health
Convey Health has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Gorman Health Group, HealthScape and Pareto Intel. 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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Provider of solutions for clinical data management
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2013 | ||||
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Healthcare consulting services provider
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2004 | ||||
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Professional consultancy services are provided to government health agencies.
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1996 |
| 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 - Convey Health
| 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 |
Convey Health Comparisons
Competitors of Convey Health
Convey Health 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 Centivo, Access Healthcare, MultiPlan, Omega Healthcare and Light Wave Dental, 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 |
Provider of self funded health plan
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| domain | founded_year | HQ Location |
Provider of revenue cycle management, BPO, IT, and finance and accounting services
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| domain | founded_year | HQ Location |
Medical payment integrity and analytics services are provided by MultiPlan.
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| domain | founded_year | HQ Location |
Healthcare outsourcing services are provided to various sectors.
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| domain | founded_year | HQ Location |
Dental practice brokerage services are provided to facilitate transactions.
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| domain | founded_year | HQ Location |
Software solutions for laboratory diagnostics are provided to healthcare.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Convey Health
Frequently Asked Questions about Convey Health
When was Convey Health founded?
Convey Health was founded in 2001 and raised its 1st funding round 18 years after it was founded.
Where is Convey Health located?
Convey Health is headquartered in Sunrise, United States. It is registered at Sunrise, Florida, United States.
What does Convey Health do?
Convey Health Solutions provides healthcare technology and business process outsourcing solutions. The company offers solutions in the areas of member enrollment, service, and administration aspects; Medicare services platform aspects; benefits administration and over-the-counter solutions; and Employer Group Waiver Plan administration aspects. Their Comprehensive Medicare Services Platform offer eligibility management, enrollment dis-enrollment management, premium billing, and collections, member email management, document reconciliation and management, Three-way reconciliation, reporting and analytics capabilities, PBM integration, Multi-channel capability - phone, web and chat, SMS. It serves Medicare plans, Medicaid payors, commercial health insurance plans, pharmacy benefit managers, retail and specialty pharmacies.
Who are the top competitors of Convey Health?
Convey Health's top competitors include Centivo, Access Healthcare and Rennova Health.
What products or services does Convey Health offer?
Convey Health offers Pre-enrollment Services, Risk Adjustment Analytics, Enrollment and Billing, and Supplemental Benefits.
How many acquisitions has Convey Health made?
Convey Health has made 3 acquisitions, including Gorman Health Group, HealthScape, and Pareto Intel.
Who are Convey Health's investors?
Convey Health has 3 investors. Key investors include TPG, New Mountain Capital, and Eir Partners.