About CorroHealth
CorroHealth is a company based in Plano (United States) founded in 2020.. The company has 8,022 employees as of March 31, 2024. CorroHealth has completed 2 acquisitions, including Aegro Solutions and ParaRev. CorroHealth offers products and services including PULSE Coding Automation Technology, VISION Clinical Validation Technology, REVIVE Specialized RCM Automation, Chargemaster Services, and Utilization Management. CorroHealth operates in a competitive market with competitors including Access Healthcare, Performant Financial, Sagility, Alpha II and Xtend Healthcare, among others.
- Headquarter Plano, United States
- Employees 8022 as on 31 Mar, 2024
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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 Corrohealth, 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
- Investors
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Employee Count
8022
as on Mar 31, 2024
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Investments & Acquisitions
Aegro Solutions
& 1 more
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Products & Services of CorroHealth
CorroHealth offers a comprehensive portfolio of products and services, including PULSE Coding Automation Technology, VISION Clinical Validation Technology, REVIVE Specialized RCM Automation, Chargemaster Services, and Utilization Management. 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 medical coding to boost hospital productivity and accuracy.
Supports clinical reviews for accurate financial performance in healthcare.
Manages revenue cycle tasks to enhance operational efficiency.
Handles pricing and transparency for hospital financial management.
Optimizes documentation and compliance in healthcare operations.
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Leadership Team
66 people
Software Development Team
47 people
Operations Team
21 people
Human Resources and Administration
20 people
Senior Team
16 people
Product Management Team
10 people
Sales and Marketing
8 people
Finance and Accounting
8 people
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Funding Insights of CorroHealth
- 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 |
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| Sep, 2020 | Amount | Seed - CorroHealth | Valuation | The Carlyle Group |
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| 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 CorroHealth
CorroHealth has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include The Carlyle 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 investments are directed toward multiple sectors.
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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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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 CorroHealth
CorroHealth has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Aegro Solutions and ParaRev. 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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Workflow and analytics software and services for healthcare revenue cycle management
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Healthcare revenue cycle management solutions are provided by ParaRev.
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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 - CorroHealth
| 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 |
Corrohealth Comparisons
Competitors of CorroHealth
CorroHealth 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 Access Healthcare, Performant Financial, Sagility, Alpha II and Xtend Healthcare, 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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Provider of revenue cycle management, BPO, IT, and finance and accounting services
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Recovery solutions for government obligations are provided by Performant Financial.
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Healthcare outsourcing, revenue management, and technology solutions are provided.
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| domain | founded_year | HQ Location |
Coding, compliance, and revenue analysis platforms are provided for healthcare.
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| domain | founded_year | HQ Location |
Revenue cycle management services are provided to healthcare organizations.
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| domain | founded_year | HQ Location |
Revenue cycle management software is provided to healthcare professionals.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Corrohealth
Frequently Asked Questions about CorroHealth
When was CorroHealth founded?
CorroHealth was founded in 2020.
Where is CorroHealth located?
CorroHealth is headquartered in Plano, United States. It is registered at Plano, Texas, United States.
Who is the current CEO of CorroHealth?
Patrick Joseph Leonard is the current CEO of CorroHealth.
How many employees does CorroHealth have?
As of Mar 31, 2024, the latest employee count at CorroHealth is 8,022.
What does CorroHealth do?
CorroHealth was established in 2020 and is based in Plano, United States. Revenue cycle management services are provided within the healthcare sector, focusing on financial processes such as billing, claims processing, and payment optimization for medical organizations. Operations are centered on improving efficiency in healthcare revenue streams across the United States, supporting providers with data-driven solutions for fiscal accuracy and compliance.
Who are the top competitors of CorroHealth?
CorroHealth's top competitors include Access Healthcare, Sagility and Adonis.
What products or services does CorroHealth offer?
CorroHealth offers PULSE Coding Automation Technology, VISION Clinical Validation Technology, REVIVE Specialized RCM Automation, Chargemaster Services, and Utilization Management.
How many acquisitions has CorroHealth made?
CorroHealth has made 2 acquisitions, including Aegro Solutions, and ParaRev.
Who are CorroHealth's investors?
CorroHealth has 1 investor. Key investors include The Carlyle Group.
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