About Laker Software
Laker Software is a Healthcare company based in Lakeville (United States) founded in 1998 by Jack Guggisberg, and was acquired by Envision Pharmaceutical Services in December 2013. Software solutions for prescription drug claims processing are provided. The company has 34 employees. Laker Software offers products and services including Claims Processing Software, Call Center Software, Real Time Reporting, Business to Business Switch, and Eligibility Maintenance. Its focus areas include HealthTech, Healthcare IT, Provider and Administrative Solutions. Its legal entity is LAKER SOFTWARE, INC. Its competitors include iMedX, Xifin and Infinx; 2 of its 3 listed competitors have raised funding.
Company details
Laker Software was founded in 1998 in Lakeville, United States, within the healthcare software sector. Claims processing software and support services for prescription drug benefit programs are offered. Key products include PBM Express Adjudication Software for adjudication tasks, PDEFixer for automated PDE rejection handling, a claims reprocessing module for Medicaid plans, a member Web portal, and APAR for accounts payable and receivable tracking. Operations focus on pharmacy benefit management tools.
- Headquarters Lakeville, United States
- Employees 34
- Founders Jack Guggisberg
- Stage Acquired
- SectorsHealthcare
- Website lakersoftware.com
- Social LinkedIn
- Acquired by Envision Pharmaceutical Services (Dec 2013)
- Legal Name Laker Software, Inc.
- Investors
- Employee Count34
- Acquired byEnvision Pharmaceutical Services
(Dec 2013)
Products & Services of Laker Software
Laker Software offers a comprehensive portfolio of products and services, including Claims Processing Software, Call Center Software, Real Time Reporting, Business to Business Switch, and Eligibility Maintenance.
Software for accurate pharmacy claims processing and plan design handling.
Tool for real-time information access in pharmacy benefit call centers.
Platform for remote access to clinical and financial reports.
System for handling claims data between multiple IP addresses.
Tool for loading and verifying member eligibility files efficiently.
Software for tracking and managing accounts payable and receivable.
Investors in Laker Software
Laker Software has secured backing from 1 investor. Prominent investors backing the company include Envision Pharmaceutical Services.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Prescription drug benefits are managed for members through various services. | 2001 | envisionrx.com | Twinsburg, United States |
Investor details for Laker Software
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People of Laker Software
1 people are tracked at Laker Software (1 in leadership); the tracked headcount is 34.
| Name | Role | Group |
|---|---|---|
Jack Guggisberg | Co-Founder | Leadership |
Complete people profiles for Laker Software
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Timeline of Laker Software
2 dated milestones of Laker Software across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Laker Software is founded.
- Exit Acquired by Envision Pharmaceutical Services.
Competitors of Laker Software
Laker Software has 3 listed competitors in our database, 2 of them funded. They include iMedX, Xifin and Infinx.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| imedx.com | 2002 | Atlanta, United States | $22.28M | 951 | Revenue cycle management platform is provided to healthcare providers. | |
| xifin.com | 1997 | San Diego, United States | $6M | 861 | Cloud-based billing & revenue cycle management solutions for diagnostic service providers | |
| infinx.com | 2010 | San Francisco, United States | 6,350 | Revenue cycle management platform for healthcare is provided. |
Detailed competitors of Laker Software
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Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Laker Software (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Frequently Asked Questions about Laker Software
Laker Software was founded in 1998.
Laker Software is headquartered in Lakeville, United States. It is registered at Lakeville, Minnesota, United States.
Laker Software has 34 employees.
Laker Software was founded in 1998 in Lakeville, United States, within the healthcare software sector. Claims processing software and support services for prescription drug benefit programs are offered. Key products include PBM Express Adjudication Software for adjudication tasks, PDEFixer for automated PDE rejection handling, a claims reprocessing module for Medicaid plans, a member Web portal, and APAR for accounts payable and receivable tracking. Operations focus on pharmacy benefit management tools.
Laker Software offers Claims Processing Software, Call Center Software, Real Time Reporting, Business to Business Switch, and 2 more products and services.
Laker Software has 1 investor. Key investors include Envision Pharmaceutical Services.
Laker Software operates through Laker Software, Inc..
Yes. Laker Software was acquired by Envision Pharmaceutical Services in December 2013.