About Cotiviti
Cotiviti is a company based in Atlanta (United States) founded in 1979 was acquired by Verscend in June 2018.. The company has 3,192 employees as of April 09, 2024. Cotiviti has completed 2 acquisitions, including Edifecs and RowdMap. Cotiviti offers products and services including Payment Accuracy, Risk Adjustment, and Quality and Performance. Cotiviti operates in a competitive market with competitors including Perfios, Optum, Laguna, Mighty and ABI Health, among others.
- Headquarter Atlanta, United States
- Employees 3192 as on 09 Apr, 2024
- Stage Public
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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
*********
- Legal Name Cotiviti India Private Limited
- Date of Incorporation 03 May, 2007
- Jurisdiction Hyderabad, Telangana, India
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Annual Revenue
$47.93 M (USD)49.9as on Mar 31, 2023
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Net Profit
$5.65 M (USD)57.81as on Mar 31, 2023
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EBITDA
$7.44 M (USD)48.23as on Mar 31, 2023
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Latest Funding Round
$30 M (USD), Post-IPO
Jul 14, 2017
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Investors
Verscend
& 1 more
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Employee Count
3192
as on Apr 09, 2024
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Investments & Acquisitions
Edifecs
& 1 more
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Acquired by
Verscend
(Jun 19, 2018)
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Products & Services of Cotiviti
Cotiviti offers a comprehensive portfolio of products and services, including Payment Accuracy, Risk Adjustment, and Quality and Performance. 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.
Tools for validating claims and protecting payment integrity
Solutions to ensure appropriate reimbursement and accuracy
Analytics for improving clinical and financial performance outcomes
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Leadership Team
117 people
Software Development Team
88 people
Operations Team
34 people
Senior Team
32 people
Human Resources and Administration
24 people
Sales and Marketing
20 people
Legal and Compliance
12 people
Data Analysis and Operations Team
9 people
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Funding Insights of Cotiviti
- Total Funding Total Funding
- Total Rounds 2
- Last Round Post-IPO — $30.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2017 | Amount | Post-IPO - Cotiviti | Valuation |
investors |
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| Jun, 2012 | Amount | Unspecified - Cotiviti | 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 Cotiviti
Cotiviti has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Verscend and Advent International. 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 firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Healthcare data analytics and risk assessment 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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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 Cotiviti
Cotiviti has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Edifecs and RowdMap. 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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Benchmarks are provided to enable pay-for-performance shifts in healthcare.
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2011 | ||||
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Healthcare IT solutions are provided for organizations worldwide.
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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 - Cotiviti
| 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 |
Cotiviti Comparisons
Competitors of Cotiviti
Cotiviti 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 Perfios, Optum, Laguna, Mighty 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 |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
Optum is recognized as a leading health solution and care delivery organization.
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| domain | founded_year | HQ Location |
AI-based patient care management solutions are provided for hospitals.
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| domain | founded_year | HQ Location |
Software solutions for legal funding management are provided.
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| domain | founded_year | HQ Location |
AI-driven solutions for healthcare operations are provided.
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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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| 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 Cotiviti
Frequently Asked Questions about Cotiviti
When was Cotiviti founded?
Cotiviti was founded in 1979 and raised its 1st funding round 33 years after it was founded.
Where is Cotiviti located?
Cotiviti is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Cotiviti?
Emad Rizk is the current CEO of Cotiviti.
How many employees does Cotiviti have?
As of Apr 09, 2024, the latest employee count at Cotiviti is 3,192.
What is the annual revenue of Cotiviti?
Annual revenue of Cotiviti is $47.93M as on Mar 31, 2023.
What does Cotiviti do?
Founded in 1979 and headquartered in Atlanta, United States, Cotiviti operates in the healthcare sector. Solutions for payer liability and medical coding are delivered through data mining, analytics, and audit methodologies. Claims requiring review and correction are targeted precisely. Services encompass policy research, customization, deployment, retrospective audits, and recovery processes across the payment continuum.
Who are the top competitors of Cotiviti?
Cotiviti's top competitors include Perfios, Optum and ABI Health.
What products or services does Cotiviti offer?
Cotiviti offers Payment Accuracy, Risk Adjustment, and Quality and Performance.
How many acquisitions has Cotiviti made?
Who are Cotiviti's investors?
Cotiviti has 2 investors. Key investors include Verscend, and Advent International.
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