About MedHOK
MedHOK is a company based in Tampa (United States) founded in 2009. It operates as a SaaS, and B2B. MedHOK has raised $77.5 million across 1 funding round from investors including Spectrum Equity and Bain Capital Ventures. MedHOK offers products and services including MHK CareProminence and MHK MarketProminence. MedHOK operates in a competitive market with competitors including Symplr, Accushield, Intraprise Health, Payspan and Digital Harbor, among others.
- Headquarter Tampa, United States
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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 Medhok Healthcare Solutions, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$77.5 M (USD)
in 1 rounds
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Latest Funding Round
$77.5 M (USD), Private Equity Round
Jan 08, 2014
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Investors
Spectrum Equity
& 1 more
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Employee Count
Employee Count
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Products & Services of MedHOK
MedHOK offers a comprehensive portfolio of products and services, including MHK CareProminence and MHK MarketProminence. 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.
Integrated system for medical and pharmacy management and compliance.
Platform for enrollment processing and financial reconciliation services.
Funding Insights of MedHOK
MedHOK has successfully raised a total of $77.5M through 1 strategic funding round. The most recent funding activity was a Private Equity Round round of $77.5 million completed in January 2014. 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 Private Equity Round — $77.5M
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First Round
First Round
(08 Jan 2014)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2014 | Amount | Private Equity Round - MedHOK | Valuation |
investors |
| 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 MedHOK
MedHOK has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Spectrum Equity and Bain Capital Ventures. 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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Growth equity investments and partnerships in finance and related sectors.
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Founded Year | Domain | Location | |
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Venture capital fund focused on investing in multiple sectors
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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 MedHOK
| 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 - MedHOK
| 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 |
Medhok Comparisons
Competitors of MedHOK
MedHOK 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 Symplr, Accushield, Intraprise Health, Payspan and Digital Harbor, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based administrative solutions for healthcare credentialing and compliance are offered.
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| domain | founded_year | HQ Location |
Third-party risk management solutions are offered for healthcare compliance.
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| domain | founded_year | HQ Location |
Patient engagement and care coordination solution for healthcare providers
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| domain | founded_year | HQ Location |
Provider of payment and reimbursement solutions
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| domain | founded_year | HQ Location |
Compliance and risk management solutions are provided for fraud prevention.
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| domain | founded_year | HQ Location |
Digital medical cost management solution for payors and employers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about MedHOK
When was MedHOK founded?
MedHOK was founded in 2009 and raised its 1st funding round 5 years after it was founded.
Where is MedHOK located?
MedHOK is headquartered in Tampa, United States. It is registered at Tampa, Florida, United States.
Is MedHOK a funded company?
MedHOK is a funded company, having raised a total of $77.5M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $77.5M, raised on Jan 08, 2014.
What does MedHOK do?
MHK develops integrated software solutions like CareProminence and MarketProminence to help health plans and pharmacy benefit managers manage medical and pharmacy care. It focuses on closing care gaps, ensuring regulatory compliance, and streamlining enrollment and billing processes. Based in the US, MHK serves commercial, government health plans, and PBMs, improving efficiency and member outcomes through cloud-based tools.
Who are the top competitors of MedHOK?
MedHOK's top competitors include Symplr, Free Market Health and Intraprise Health.
What products or services does MedHOK offer?
MedHOK offers MHK CareProminence and MHK MarketProminence.
Who are MedHOK's investors?
MedHOK has 2 investors. Key investors include Spectrum Equity, and Bain Capital Ventures.
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