About Coronis Health
Coronis Health is a company based in Baltimore (United States) founded in 1981 was acquired by Veritas Capital in July 2022.. The company has 2,628 employees as of April 04, 2024. Coronis Health has completed 3 acquisitions, including GoPMG, MSOC Health and Revenue Guard. Coronis Health offers products and services including RCM Solutions and Medical Coding and Billing. Coronis Health operates in a competitive market with competitors including R1 RCM, Xifin, AKASA, Infinx and ABI Health, among others.
- Headquarter Baltimore, United States
- Employees 2628 as on 04 Apr, 2024
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Coronis It Systems Private Limited
- Date of Incorporation 21 Mar, 2013
- Jurisdiction Saidapet, Tamil Nadu, India
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Annual Revenue
$15.28 M (USD)99.43as on Mar 31, 2023
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Net Profit
$1.6 M (USD)108.48as on Mar 31, 2023
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EBITDA
$2.49 M (USD)106.43as on Mar 31, 2023
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Latest Funding Round
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Investors
Veritas Capital
& 1 more
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Employee Count
2628
as on Apr 04, 2024
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Investments & Acquisitions
GoPMG
& 2 more
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Acquired by
Veritas Capital
(Jul 19, 2022)
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Products & Services of Coronis Health
Coronis Health offers a comprehensive portfolio of products and services, including RCM Solutions and Medical Coding and Billing. 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 billing and collections for healthcare providers.
Handles accurate coding to ensure regulatory compliance and revenue optimization.
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Funding Insights of Coronis Health
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2016 | Amount | Unspecified - Coronis Health | Valuation |
investors |
| 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 Coronis Health
Coronis Health has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Veritas Capital and Eagle Private Capital. 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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Eagle Private Capital is engaged in mezzanine financing and private equity investments.
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Founded Year | Domain | Location | |
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Technology enterprises are targeted for private equity investments.
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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 Coronis Health
Coronis Health has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include GoPMG, MSOC Health and Revenue Guard. 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
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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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Revenue cycle management services are provided to the medical industry.
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2006 | ||||
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Medical billing services are provided to healthcare providers by PMG.
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1998 | ||||
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Revenue cycle management, credentialing, and healthcare consulting services are provided.
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1997 |
| 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 - Coronis 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 |
Coronis Health Comparisons
Competitors of Coronis Health
Coronis 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 R1 RCM, Xifin, AKASA, Infinx and ABI 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
End-to-end revenue cycle management is provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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| domain | founded_year | HQ Location |
Revenue cycle automation platforms are provided for healthcare reimbursement.
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| domain | founded_year | HQ Location |
Revenue cycle management platform for healthcare is provided.
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| domain | founded_year | HQ Location |
AI-driven solutions for healthcare operations are provided.
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| domain | founded_year | HQ Location |
Billing solutions for dentists are provided by Zentist.
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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 Coronis Health
Frequently Asked Questions about Coronis Health
When was Coronis Health founded?
Coronis Health was founded in 1981 and raised its 1st funding round 35 years after it was founded.
Where is Coronis Health located?
Coronis Health is headquartered in Baltimore, United States. It is registered at Baltimore, Maryland, United States.
How many employees does Coronis Health have?
As of Apr 04, 2024, the latest employee count at Coronis Health is 2,628.
What is the annual revenue of Coronis Health?
Annual revenue of Coronis Health is $15.28M as on Mar 31, 2023.
What does Coronis Health do?
Coronis Health was established in 1981 and is headquartered in Baltimore, United States. Operations focus on the healthcare sector, where revenue cycle management services are delivered. These services encompass medical billing, coding, collections processes, and payment compliance support. Assistance is extended to healthcare providers to handle financial workflows efficiently across various facilities.
Who are the top competitors of Coronis Health?
Coronis Health's top competitors include R1 RCM, AKASA and ABI Health.
What products or services does Coronis Health offer?
Coronis Health offers RCM Solutions and Medical Coding and Billing.
How many acquisitions has Coronis Health made?
Coronis Health has made 3 acquisitions, including GoPMG, MSOC Health, and Revenue Guard.
Who are Coronis Health's investors?
Coronis Health has 2 investors. Key investors include Veritas Capital, and Eagle Private Capital.
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