About Mdbilling
Mdbilling is a company based in Toronto (Canada) founded in 2008 was acquired by RBC Royal Bank in October 2022.. The company has 14 employees as of December 31, 2024. Mdbilling offers products and services including Medical Billing App, Comprehensive Plan, and Support Centre. Mdbilling operates in a competitive market with competitors including Nelly, Fathom, Aviacode, Nym and Inbox Health, among others.
- Headquarter Toronto, Canada
- Employees 14 as on 31 Dec, 2024
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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
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- Legal Name Rbc Medical Billing Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
14
as on Dec 31, 2024
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Acquired by
RBC Royal Bank
(Oct 04, 2022)
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Products & Services of Mdbilling
Mdbilling offers a comprehensive portfolio of products and services, including Medical Billing App, Comprehensive Plan, and Support Centre. 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.
App for submitting medical claims and managing billing codes accurately.
Plan offering support for claim processing and error resolution.
Resources for answering billing questions and providing guidance.
Funding Insights of Mdbilling
| 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 |
Investors in Mdbilling
Mdbilling has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include RBC Royal Bank. 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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Commercial banking services are provided to businesses and individuals.
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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 Mdbilling
| 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 - Mdbilling
| 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 |
Mdbilling Comparisons
Competitors of Mdbilling
Mdbilling 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 Nelly, Fathom, Aviacode, Nym and Inbox 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 |
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| domain | founded_year | HQ Location |
Digital administrative tasks and billing management tools for providers
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| domain | founded_year | HQ Location |
AI-based software for medical coding and PHI de-identification is provided.
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| domain | founded_year | HQ Location |
Cloud-based medical coding software and services are provided.
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| domain | founded_year | HQ Location |
Nym is focused on autonomous medical coding solutions for healthcare.
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| domain | founded_year | HQ Location |
Cloud-based medical billing and payment management solution for healthcare companies
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| domain | founded_year | HQ Location |
AI and SaaS-based software for healthcare care coordination is developed.
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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 Mdbilling
Frequently Asked Questions about Mdbilling
When was Mdbilling founded?
Mdbilling was founded in 2008.
Where is Mdbilling located?
Mdbilling is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
How many employees does Mdbilling have?
As of Dec 31, 2024, the latest employee count at Mdbilling is 14.
What does Mdbilling do?
MDBilling offers OHIP billing software and services. The company has a database of over 10,000 physicians billing numbers from Ontario which can be searched to ease the billing process. The software has rules engine from the OHIP Schedule of Benefits which can help to optimize claims and prevent rejections. It also provides reports to get financial and performance overview and insights. The Sticker-to-Text mobile application can automatically transcribe patient demographic information from hospital stickers. The users only need to snap a photo of the sticker and the app uses OCT technology to extract relevant information. The softwrae can be integrated with other software such as EHR or practice management solution. The company also offers billing services.
Who are the top competitors of Mdbilling?
What products or services does Mdbilling offer?
Mdbilling offers Medical Billing App, Comprehensive Plan, and Support Centre.
Who are Mdbilling's investors?
Mdbilling has 1 investor. Key investors include RBC Royal Bank.
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