HBCS

New Castle, United States Founded: 1984 • Age: 42 yrs Acquired By Med-Metrix
Provider of innovative solutions for the evolving healthcare revenue cycle landscape, specializing in patient registration and insurance reimbursement.

About HBCS

HBCS is a company based in New Castle (United States) founded in 1984 was acquired by Med-Metrix in June 2024.. The company has 448 employees as of December 31, 2022. HBCS offers products and services including End-to-End RCM, Patient Intake Stack, Revenue Collection Stack, and Business Insights Stack. HBCS operates in a competitive market with competitors including Billtrust, SumUp, Paymentus, Vyapar and PayStand, among others.

  • Headquarter New Castle, United States
  • Employees 448 as on 31 Dec, 2022
  • Sectors
    Healthcare
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Hospital Billing & Collection Service
Operational Areas
Healthcare → Healthcare Services & Infrastructure
Technology → Marketing, Adtech & Commerce Technology
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    448

    as on Dec 31, 2022

  • Acquired by
    Med-Metrix

    (Jun 10, 2024)

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Products & Services of HBCS

HBCS offers a comprehensive portfolio of products and services, including End-to-End RCM, Patient Intake Stack, Revenue Collection Stack, and Business Insights Stack. 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.

Primary

Comprehensive management of revenue cycles for healthcare providers.

Tools for efficient patient intake and administrative processes.

Solutions to optimize revenue collection workflows.

Platform for analytics and administrative insights in healthcare.

People of HBCS
Headcount 500-1000
Employee Profiles 27
Employee Profiles
People
Jason Thompson
Network Engineer
People
Brenda Hammelman-Stockton
Senior Healthcare Claims Analyst
People
Tara Killiebrew
Manager, Insurance Operations
People
Josh Rosenthal
Manager - A/r And Client Engagement

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Funding Insights of HBCS

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in HBCS

HBCS has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Med-Metrix. 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.

All
Institutional
Investor Description Founded Year Domain Location
End-to-end revenue cycle management services are provided to healthcare providers.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by HBCS

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - HBCS

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Hbcs Comparisons

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Competitors of HBCS

HBCS 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 Billtrust, SumUp, Paymentus, Vyapar and PayStand, 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.

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Latest news on Hbcs

Med-Metrix’s Acquisition of HBCS
Globallegalchronicle1 year ago
Med-Metrix acquires RCM company
Beckershospitalreview1 year ago

Frequently Asked Questions about HBCS

When was HBCS founded?

HBCS was founded in 1984.

Where is HBCS located?

HBCS is headquartered in New Castle, United States. It is registered at New Castle, Pennsylvania, United States.

Who is the current CEO of HBCS?

Brian J Wasilewski is the current CEO of HBCS.

How many employees does HBCS have?

As of Dec 31, 2022, the latest employee count at HBCS is 448.

What does HBCS do?

HBCS was founded in 1984 and is based in New Castle, United States. Operations center on the healthcare sector, where solutions for revenue cycle management are delivered. Customized services for patient registration and insurance reimbursement processes are offered to address evolving industry needs. The company supports healthcare providers through these targeted approaches, with a focus on efficiency in financial workflows.

Who are the top competitors of HBCS?

HBCS's top competitors include SumUp, Paymentus and Billtrust.

What products or services does HBCS offer?

HBCS offers End-to-End RCM, Patient Intake Stack, Revenue Collection Stack, and Business Insights Stack.

Who are HBCS's investors?

HBCS has 1 investor. Key investors include Med-Metrix.

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