About MediGain
MediGain is a company based in Plano (United States) founded in 2004 was acquired by Electronic Care Corp in October 2016.. MediGain has raised $46.5 million across 2 funding rounds from investors including Electronic Care Corp and PGIM Private Capital. The company has 87 employees as of December 31, 2015. MediGain has completed 2 acquisitions, including Millennium Direct and Millennium MD. MediGain operates in a competitive market with competitors including R1 RCM, Infinx, Xifin, AKASA and Zentist, among others.
- Headquarter Plano, United States
- Employees 87 as on 31 Dec, 2015
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$46.5 M (USD)
in 2 rounds
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Latest Funding Round
$38 M (USD), Series B
Oct 20, 2014
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Investors
Electronic Care Corp
& 1 more
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Employee Count
87
as on Dec 31, 2015
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Investments & Acquisitions
Millennium Direct
& 1 more
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Acquired by
Electronic Care Corp
(Oct 05, 2016)
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Funding Insights of MediGain
MediGain has successfully raised a total of $46.5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $38 million completed in October 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 2
- Last Round Series B — $38.0M
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First Round
First Round
(23 Nov 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2014 | Amount | Series B - MediGain | Valuation | Prudential Capital Group |
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| Nov, 2012 | Amount | Series B - MediGain | Valuation |
investors |
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| 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 MediGain
MediGain has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Electronic Care Corp and PGIM Private Capital. 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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Private capital is provided to middle-market companies globally.
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Founded Year | Domain | Location | |
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Cloud-based administrative solutions for healthcare providers are offered.
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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 MediGain
MediGain has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Millennium Direct and Millennium MD. 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
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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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Provider of medical billing, consulting and other services
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2000 | ||||
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Advertising, market research, and direct marketing services are provided.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MediGain
| 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 |
Medigain Comparisons
Competitors of MediGain
MediGain 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 R1 RCM, Infinx, Xifin, AKASA and Zentist, 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 |
End-to-end revenue cycle management is provided for healthcare organizations.
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| domain | founded_year | HQ Location |
Revenue cycle management platform for healthcare is provided.
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| domain | founded_year | HQ Location |
Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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| domain | founded_year | HQ Location |
Revenue cycle automation platforms are provided for healthcare reimbursement.
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| domain | founded_year | HQ Location |
Billing solutions for dentists are provided by Zentist.
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| domain | founded_year | HQ Location |
Provider of revenue cycle management services
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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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Latest news on Medigain
Frequently Asked Questions about MediGain
When was MediGain founded?
MediGain was founded in 2004 and raised its 1st funding round 8 years after it was founded.
Where is MediGain located?
MediGain is headquartered in Plano, United States. It is registered at Plano, Texas, United States.
Who is the current CEO of MediGain?
A Hadi Chaudhry is the current CEO of MediGain.
Is MediGain a funded company?
MediGain is a funded company, having raised a total of $46.5M across 2 funding rounds to date. The company's 1st funding round was a Series B of $8.5M, raised on Nov 23, 2012.
How many employees does MediGain have?
As of Dec 31, 2015, the latest employee count at MediGain is 87.
What does MediGain do?
MediGain was founded in 2004 and is headquartered in Plano, United States. Operations focus on the healthcare sector, where revenue cycle management and analytics are provided to physician offices, ambulatory surgery centers, and hospitals. Services encompass billing, insurance eligibility verification, pre-certification, credentialing, denials management, coding audits, and practice management systems. Consulting, IT support, training, and legal services are also extended to medical practices, clinics, and provider networks.
Who are the top competitors of MediGain?
How many acquisitions has MediGain made?
MediGain has made 2 acquisitions, including Millennium Direct, and Millennium MD.
Who are MediGain's investors?
MediGain has 2 investors. Key investors include Electronic Care Corp, and PGIM Private Capital.