Medicode

Salt Lake City, United States Founded: 1983 • Age: 43 yrs Acquired By United Healthcare
Claims adjudication software and databases are supplied to healthcare organizations.
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About Medicode

Medicode is a company based in Salt Lake City (United States) founded in 1983 was acquired by United Healthcare in December 1997.. Medicode operates in a competitive market with competitors including CiOX Health, Acclaris, Emdeon, InstaMed and Anomaly, among others.

  • Headquarter Salt Lake City, United States
  • Sectors
    Healthcare
  • Phone
    *********
  • Website
    *********
Operational Areas
Healthcare → Health Technology & Digital Health
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Latest Funding Round
  • Investors
  • Employee Count
    Employee Count
  • Acquired by
    United Healthcare

    (Dec 03, 1997)

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Funding Insights of Medicode

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Medicode

Medicode has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include United Healthcare. 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.

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Institutional
Investor Description Founded Year Domain Location
Insurance provider
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Medicode

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Medicode

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Medicode Comparisons

Employees
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Competitors of Medicode

Medicode 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 CiOX Health, Acclaris, Emdeon, InstaMed and Anomaly, 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
Suite of health information management solutions for healthcare providers and payers
domain founded_year HQ Location
Consumer-driven healthcare is managed for health plans and administrators.
domain founded_year HQ Location
Provides revenue and payment cycle management solutions
domain founded_year HQ Location
Healthcare bill payments are facilitated for providers and patients.
domain founded_year HQ Location
Anomaly is recognized as an AI-powered payer management company in healthcare.
domain founded_year HQ Location
Analytical tools for healthcare payment management are provided to enterprises.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Medicode

Frequently Asked Questions about Medicode

When was Medicode founded?

Medicode was founded in 1983.

Where is Medicode located?

Medicode is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.

What does Medicode do?

Medicode provides claims adjudication software and databases for healthcare providers and insurance companies. Offerings include - Syndicated Data through technical publications and software coding tools for ICD-9, CPT and HCPCS and reimbursement guides; Bench-marked Databases to assists providers and payers, primarily through software, with the identification of usual and customary charges and usual paid amounts; Claims adjudication and analysis of market discounting; Clinical Claims Editing Software to safeguard appropriate payments for payers and optimize clinical coding accuracy and proper compliance to government and commercial billing regulations for providers; Decision support software and care optimization tools for quality improvement, cost containment and physician profiling. Also provides a powerful rules engine for propertycasualty market, plus analytical services for client data set comparisons.

Who are the top competitors of Medicode?

Medicode's top competitors include InstaMed, FinPay and Emdeon.

Who are Medicode's investors?

Medicode has 1 investor. Key investors include United Healthcare.

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