About Medecision
Medecision is a company based in Wayne (United States) founded in 1988 was acquired by Health Care Service Corporation in June 2008.. Medecision has raised $30 million across 1 funding round from investors including Health Care Service Corporation, DWS and State of Michigan. The company has 208 employees as of December 31, 2021. Medecision has completed 3 acquisitions, including Aveus, Cerecons and GSI Health. Medecision offers products and services including Aerial Data Platform, Aerial Clinical Intelligence, and Digital Care Management. Medecision operates in a competitive market with competitors including Birdie, Lumeon, Log My Care, PatientPing and Switchboard Health, among others.
- Headquarter Wayne, United States
- Employees 208 as on 31 Dec, 2021
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Medecision
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30 M (USD)
in 1 rounds
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Latest Funding Round
$30 M (USD), Series B
Jun 27, 2000
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Investors
Health Care Service Corporation
& 4 more
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Employee Count
208
as on Dec 31, 2021
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Investments & Acquisitions
Aveus
& 2 more
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Acquired by
Health Care Service Corporation
(Jun 18, 2008)
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Products & Services of Medecision
Medecision offers a comprehensive portfolio of products and services, including Aerial Data Platform, Aerial Clinical Intelligence, and Digital Care Management. 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 ingesting and managing health data in real-time.
Tools for extracting insights from health data for interventions.
System for improving clinical workflows and personalized engagement.
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Software Development Team
24 people
Leadership Team
14 people
Senior Team
9 people
Product Management Team
8 people
Data Analysis and Operations Team
5 people
Finance and Accounting
2 people
Sales and Marketing
2 people
Human Resources and Administration
2 people
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Funding Insights of Medecision
Medecision has successfully raised a total of $30M through 1 strategic funding round. The most recent funding activity was a Series B round of $30 million completed in June 2000. 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 B — $30.0M
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First Round
First Round
(27 Jun 2000)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2000 | Amount | Series B - Medecision | Valuation | Grotech Ventures |
| 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 Medecision
Medecision has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Health Care Service Corporation, DWS and State of Michigan. 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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Early-stage US tech startups are invested in by Grotech Ventures.
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Founded Year | Domain | Location | |
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Asset management services are offered by DWS to clients.
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Founded Year | Domain | Location | |
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Public administration and services are managed for Michigan residents.
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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
|
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 Medecision
Medecision has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Aveus, Cerecons and GSI Health. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provides cloud-based care coordination and HIE platforms for ACO's and Medicaid homes
|
2010 | ||||
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Provider of healthcare consulting services
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1998 | ||||
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SaaS-based platform for care coordination and management is provided.
|
1986 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Medecision
| 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 |
Medecision Comparisons
Competitors of Medecision
Medecision 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 Birdie, Lumeon, Log My Care, PatientPing and Switchboard 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based software for elderly care management is provided.
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| domain | founded_year | HQ Location |
A real-time platform for viewing entire patient journeys is provided.
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Provider of a care management platform for care providers
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| domain | founded_year | HQ Location |
Cloud-based care coordination is enabled for healthcare providers.
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| domain | founded_year | HQ Location |
Digital virtual care networking is enabled for healthcare professionals.
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| domain | founded_year | HQ Location |
Provider of care planning and management software for care home and agencies
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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 Medecision
Frequently Asked Questions about Medecision
When was Medecision founded?
Medecision was founded in 1988 and raised its 1st funding round 12 years after it was founded.
Where is Medecision located?
Medecision is headquartered in Wayne, United States.
Is Medecision a funded company?
Medecision is a funded company, having raised a total of $30M across 1 funding round to date. The company's 1st funding round was a Series B of $30M, raised on Jun 27, 2000.
How many employees does Medecision have?
As of Dec 31, 2021, the latest employee count at Medecision is 208.
What does Medecision do?
Medecision was founded in 1988 and is headquartered in Wayne, United States. Operations center on the healthcare sector, where cloud-based platforms are delivered to support care coordination. Services include population analytics, disease registries, quality measures reporting, and dashboards for clinical, operational, and financial performance management. Predictive algorithms and alerts are also utilized for member- and patient-centered surveillance, detection, and risk mitigation.
Who are the top competitors of Medecision?
Medecision's top competitors include Birdie, Lumeon and PatientPing.
What products or services does Medecision offer?
Medecision offers Aerial Data Platform, Aerial Clinical Intelligence, and Digital Care Management.
How many acquisitions has Medecision made?
Medecision has made 3 acquisitions, including Aveus, Cerecons, and GSI Health.
Who are Medecision's investors?
Medecision has 5 investors. Key investors include Health Care Service Corporation, DWS, State of Michigan, Grotech Ventures, and Liberty Venture Partners.
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