About Healthcare Fraud Shield
Healthcare Fraud Shield is a company based in Chesterfield (United Kingdom) founded in 2011.. Healthcare Fraud Shield has raised $50 million across 1 funding round from investors including Charlesbank Capital Partners. Healthcare Fraud Shield offers products and services including AuditPlus™, PreShield®, PostShield®, RxShield®, and AIShield®. Healthcare Fraud Shield operates in a competitive market with competitors including Nect, Shift Technology, FRISS, Codoxo and Osigu, among others.
- Headquarter Chesterfield, United Kingdom
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Sectors
TechnologyHealthcare Industrial Goods & Manufacturing Financial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$50 M (USD)
in 1 rounds
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Latest Funding Round
$50 M (USD), Series C
Jan 13, 2021
- Investors
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Employee Count
Employee Count
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Products & Services of Healthcare Fraud Shield
Healthcare Fraud Shield offers a comprehensive portfolio of products and services, including AuditPlus™, PreShield®, PostShield®, RxShield®, and AIShield®. 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.
Tool for auditing healthcare claims and detecting anomalies.
Platform to investigate fraud before claim payments.
Software for reviewing and recovering post-payment fraud.
System to identify fraud in prescription-related claims.
AI tool for anomaly detection in healthcare data.
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Funding Insights of Healthcare Fraud Shield
Healthcare Fraud Shield has successfully raised a total of $50M through 1 strategic funding round. The most recent funding activity was a Series C round of $50 million completed in January 2021. 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 1
- Last Round Series C — $50.0M
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First Round
First Round
(13 Jan 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2021 | Amount | Series C - Healthcare Fraud Shield | Valuation | Charlesbank Capital Partners |
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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 Healthcare Fraud Shield
Healthcare Fraud Shield has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Charlesbank Capital Partners. 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
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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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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Healthcare Fraud Shield
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Healthcare Fraud Shield
| 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 |
Healthcare Fraud Shield Comparisons
Competitors of Healthcare Fraud Shield
Healthcare Fraud Shield 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 Nect, Shift Technology, FRISS, Codoxo and Osigu, 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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Identity verification solutions with ID scans and validation are offered.
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Provider of AI solutions for insurance underwriting, claims, and risk
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Risk and compliance solutions for P&C insurers
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AI-based platform for employee and individual healthcare planning
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Online claims processing is facilitated for the insurance industry.
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Social media-based fraud protection solutions are provided for businesses.
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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 Healthcare Fraud Shield
Frequently Asked Questions about Healthcare Fraud Shield
When was Healthcare Fraud Shield founded?
Healthcare Fraud Shield was founded in 2011 and raised its 1st funding round 10 years after it was founded.
Where is Healthcare Fraud Shield located?
Healthcare Fraud Shield is headquartered in Chesterfield, United Kingdom. It is registered at Chesterfield, Derbyshire, United Kingdom.
Is Healthcare Fraud Shield a funded company?
Healthcare Fraud Shield is a funded company, having raised a total of $50M across 1 funding round to date. The company's 1st funding round was a Series C of $50M, raised on Jan 13, 2021.
What does Healthcare Fraud Shield do?
Founded in 2011 and based in Chesterfield, United Kingdom, Healthcare Fraud Shield offers automated solutions targeting fraud, waste, and abuse in the healthcare sector. Insights are provided through a platform accessible to payers, providers, and members, aiming to reduce associated medical costs. Operations focus on cost reduction for health payers via integrated systems. A sister company, Healthcare Enterprise Metrics, supplies enterprise systems to healthcare insurance firms.
Who are the top competitors of Healthcare Fraud Shield?
Healthcare Fraud Shield's top competitors include Nect, Shift Technology and Codoxo.
What products or services does Healthcare Fraud Shield offer?
Healthcare Fraud Shield offers AuditPlus™, PreShield®, PostShield®, RxShield®, and AIShield®.
Who are Healthcare Fraud Shield's investors?
Healthcare Fraud Shield has 1 investor. Key investors include Charlesbank Capital Partners.