About MedCost
MedCost is a company based in Winston-salem (United States) founded in 1983 was acquired by Health Plans in July 2025. It operates as a Managed Services. MedCost offers products and services including Self-Funded Health Plans, Pharmacy Benefits, and Dental & Vision Plans. MedCost operates in a competitive market with competitors including Hinge Health, Practo, Accolade, Wright Express and Sharecare, among others.
- Headquarter Winston-salem, United States
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Sectors
TechnologyHealthcare
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Phone
*********
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Website
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Social
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- Legal Name Medcost Llc
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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
Employee Count
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Acquired by
Health Plans
(Jul 28, 2025)
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Products & Services of MedCost
MedCost offers a comprehensive portfolio of products and services, including Self-Funded Health Plans, Pharmacy Benefits, and Dental & Vision Plans. 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.
Self-funded health plans are offered for employer benefits.
Pharmacy benefits are provided for member health plans.
Dental and vision plans are included in benefits.
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Data Analysis and Operations Team
8 people
Manager Team
6 people
Sales and Marketing
5 people
Account Team
5 people
Leadership Team
5 people
Software Development Team
4 people
Operations Team
4 people
Product Management Team
2 people
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Funding Insights of MedCost
| 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 MedCost
MedCost has secured backing from 1 investor. Prominent investors backing the company include Health Plans. 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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Provides self-funded health plans, benefit administration, and cost management for employers.
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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 MedCost
| 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 - MedCost
| 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 |
Medcost Comparisons
Competitors of MedCost
MedCost 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 Hinge Health, Practo, Accolade, Wright Express and Sharecare, 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 |
Virtual physical therapy and digital pain care solutions are provided.
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| domain | founded_year | HQ Location |
Doctor appointments are booked and healthcare professionals are consulted online.
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| domain | founded_year | HQ Location |
Employee health benefits are facilitated via a cloud-based platform.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Health and wellness social network for employees is provided.
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| domain | founded_year | HQ Location |
Provider of prepaid cards for financial benefits of employees
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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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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 Medcost
Frequently Asked Questions about MedCost
When was MedCost founded?
MedCost was founded in 1983.
Where is MedCost located?
MedCost is headquartered in Winston-salem, United States. It is registered at Winston-salem, North Carolina, United States.
What does MedCost do?
MedCost is involved in offering self-funded health plan solutions for employers, members, providers, and payers. Services are provided in the healthcare sector, focusing on employee benefits, pharmacy benefits, and dental and vision plans. Customized benefit plans are developed to balance medical care and costs. Support is extended through telehealth, wellness resources, and network care approaches. Compliance and outcome stories are emphasized to ensure effective cost control and health management.
Who are the top competitors of MedCost?
MedCost's top competitors include Accolade, Hinge Health and Wellhub.
What products or services does MedCost offer?
MedCost offers Self-Funded Health Plans, Pharmacy Benefits, and Dental & Vision Plans.
Who are MedCost's investors?
MedCost has 1 investor. Key investors include Health Plans.