About Health Fidelity
Health Fidelity is a company based in San Mateo (United States) founded in 2011 was acquired by Edifecs in November 2021.. Health Fidelity has raised $19.26 million across 8 funding rounds from investors including Canadian Imperial Bank of Commerce, UPMC and Edifecs. The company has 431 employees as of April 07, 2024. Health Fidelity offers products and services including Healthcare Cloud, EDI Gateway, FHIR Gateway, and Smart Trading Platform. Health Fidelity operates in a competitive market with competitors including Apixio, Kyriba, CyberGRX, Centauri Health Solutions and Middesk, among others.
- Headquarter San Mateo, United States
- Employees 431 as on 07 Apr, 2024
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Sectors
HealthcareFinancial Services Technology
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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 Health Fidelity
- Jurisdiction S.A.S.Nagar (Mohali), Punjab, India
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Annual Revenue
$9.66 M (USD)34.98as on Mar 31, 2023
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Net Profit
$1.13 M (USD)126.73as on Mar 31, 2023
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EBITDA
$1.66 M (USD)39.77as on Mar 31, 2023
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Total Equity Funding
$19.26 M (USD)
in 8 rounds
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Latest Funding Round
$5.5 M (USD), Debt – Conventional
Aug 11, 2020
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Investors
Canadian Imperial Bank of Commerce
& 4 more
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Employee Count
431
as on Apr 07, 2024
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Acquired by
Edifecs
(Nov 22, 2021)
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Products & Services of Health Fidelity
Health Fidelity offers a comprehensive portfolio of products and services, including Healthcare Cloud, EDI Gateway, FHIR Gateway, and Smart Trading Platform. 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.
Platform for connecting and optimizing healthcare data exchange.
Gateway for electronic data interchange in healthcare transactions.
Tool for real-time data access and compliance in health plans.
Platform for bi-directional data exchange and automation.
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Leadership Team
26 people
Product Management Team
23 people
Software Development Team
17 people
Senior Team
11 people
Sales and Marketing
9 people
Lead Team
6 people
Human Resources and Administration
5 people
Creative and Marketing Team
3 people
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Funding Insights of Health Fidelity
Health Fidelity has successfully raised a total of $19.26M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $5.5 million completed in August 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Debt – Conventional — $5.5M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Debt – Conventional - Health Fidelity | Valuation |
investors |
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| Mar, 2015 | Amount | Series B - Health Fidelity | Valuation | UPMC |
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| Jan, 2015 | Amount | Series B - Health Fidelity | 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 Health Fidelity
Health Fidelity has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce, UPMC and Edifecs. 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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Founded Year | Domain | Location | |
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Commercial banking services are provided to individuals and businesses.
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Founded Year | Domain | Location | |
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A government-backed foundation providing seed-stage investments to support small businesses.
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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 Health Fidelity
| 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 |
Financial Statements - Health Fidelity
| 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 |
Health Fidelity Comparisons
Competitors of Health Fidelity
Health Fidelity 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 Apixio, Kyriba, CyberGRX, Centauri Health Solutions and Middesk, 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 |
Providing solutions for healthcare organization by optimizing costs and outcomes.
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| domain | founded_year | HQ Location |
Cloud-based treasury automation and risk management solutions are provided.
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| domain | founded_year | HQ Location |
Cloud-based risk assessment and management solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Provider of data management solutions for risk adjustment and quality-based revenue programs
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| domain | founded_year | HQ Location |
Risk management solutions for financial institutions are offered.
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| domain | founded_year | HQ Location |
A financial SaaS platform for renewable energy investments is offered.
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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 Health Fidelity
Frequently Asked Questions about Health Fidelity
When was Health Fidelity founded?
Health Fidelity was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is Health Fidelity located?
Health Fidelity is headquartered in San Mateo, United States. It is registered at San Mateo, California, United States.
Is Health Fidelity a funded company?
Health Fidelity is a funded company, having raised a total of $19.26M across 8 funding rounds to date. The company's 1st funding round was a Series B of $19.26M, raised on Feb 09, 2012.
How many employees does Health Fidelity have?
As of Apr 07, 2024, the latest employee count at Health Fidelity is 431.
What is the annual revenue of Health Fidelity?
Annual revenue of Health Fidelity is $9.66M as on Mar 31, 2023.
What does Health Fidelity do?
Founded in 2011 and based in San Mateo, United States, Health Fidelity operates in the healthcare sector, focusing on natural language processing and analytics. Unstructured data is analyzed to deliver clinical and financial insights. Risk Analytics is utilized by insurers for prospective claims prediction and risk adjustment stabilization. Providers benefit from automatic condition identification, claims-code linking, an embedded ICD-10 tool, and RAF opportunity analysis. Funding is provided by UPMC.
Who are the top competitors of Health Fidelity?
What products or services does Health Fidelity offer?
Health Fidelity offers Healthcare Cloud, EDI Gateway, FHIR Gateway, and Smart Trading Platform.
Who are Health Fidelity's investors?
Health Fidelity has 5 investors. Key investors include Canadian Imperial Bank of Commerce, UPMC, Edifecs, National Science Foundation, and Charter Life Sciences.
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