About MediGain
MediGain is a Healthcare company based in Plano (United States) founded in 2004, and was acquired by Electronic Care Corp in October 2016. Revenue cycle management services are offered to healthcare providers. 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. MediGain has completed 2 acquisitions, including Millennium Direct and Millennium MD. Its chief executive, as recorded, is A Hadi Chaudhry. Its focus areas include HealthTech, Healthcare IT, Provider and Administrative Solutions. Its legal entity in India is Rcm-Medigain India Private Limited (U72200KA2015FTC082747). Its competitors include R1 RCM, Infinx and Xifin; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Plano, United States
- Employees 87
- Stage Acquired
- SectorsHealthcare
- Website medigain.com
- Social LinkedIn X Facebook
- Acquired by Electronic Care Corp (Oct 2016)
- Legal Name Rcm-Medigain India Private Limited
- Date of Incorporation 08 Sep, 2015
- Indian entity net loss-₹25,000
FY 2021 · 0% margin
- Indian entity EBITDA-₹25,000
FY 2021 · 0% margin
- Total Equity Funding$46.5M (USD)
in 2 rounds
- Latest Funding Round$38M (USD), Series B
Oct 2014
- InvestorsElectronic Care Corp
& 1 more
- Employee Count87
- Investments & AcquisitionsMillennium Direct
& 1 more
- Acquired byElectronic Care Corp
(Oct 2016)
Associated legal entities of MediGain
MediGain operates through Rcm-Medigain India Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Rcm-Medigain India Private Limited CIN U72200KA2015FTC082747 | Strike Off | 08 Sep 2015 | Bengaluru, Karnataka | 36 | 2 | View details |
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 $46.5M
- Total Rounds 2
- Last Round Series B — $38M
- First Round $8.5M
(Nov 2012)
- Investors Count 1
All 2 funding rounds of MediGain with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2014 | $38M | Series B | – | Prudential Capital Group | – |
| Nov 2012 | $8.5M | Series B | – | – | – |
2 investors in total: 2 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private capital is provided to middle-market companies globally. | prudentialcapitalgroup.com | Newark, United States | ||
Cloud-based administrative solutions for healthcare providers are offered. | carecloud.com | United States |
Investor details for MediGain
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Rcm-Medigain India Private Limited (MediGain)
Rcm-Medigain India Private Limited is the primary company behind MediGain. The board of Rcm-Medigain India Private Limited currently have 2 directors; the longest-serving is Krishnan Ramachandran, appointed in 2018. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Krishnan Ramachandran DIN 02227426 | Director | 10 Jan 2018 | 8 yrs 9 mo | Rcm-Medigain India Private Limited |
| Kasilingam DIN 07808415 | Director | 20 Jun 2019 | 7 yrs 4 mo | Rcm-Medigain India Private Limited |
People of MediGain
1 people are tracked at MediGain (1 in leadership); the tracked headcount is 87.
| Name | Role | Group |
|---|---|---|
A Hadi Chaudhry | CEO | Leadership |
Complete people profiles for MediGain
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of MediGain
Figures of Rcm-Medigain India Private Limited, the primary company behind MediGain, for FY 2021. Net loss was -₹25,000 (0% margin). EBITDA was -₹25,000 (0% margin). Revenue has grown at a compounded annual rate of -100% over three years and -100% over five years.
- -₹25,000Net loss · 0% margin
- -₹25,000EBITDA · 0% margin
- ₹10.1 LakhPaid-up capital
- 36Employees (provident fund records)
- -100%Revenue CAGR, 3 years
- -100%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Rcm-Medigain India Private Limited are on its company page.
Detailed financial statements for MediGain
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by MediGain
MediGain has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Millennium Direct and Millennium MD.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of medical billing, consulting and other services | millennium-md.com | 2000 | Nov 2014 | •••• | ||
Advertising, market research, and direct marketing services are provided. | millenniundirect.co.uk | United Kingdom | 1996 | Nov 2014 | •••• |
Complete acquisition details for MediGain
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of MediGain
6 dated milestones of MediGain across 12 years, from founding to its latest funding, stage changes and deals.
- Founded MediGain is founded.
- Funding First funding round of $8.5M.
- Funding Latest funding round, Series B, of $38.0M.
- Acquisition Acquires Millennium Direct.
- Acquisition Acquires Millennium MD.
- Exit Acquired by Electronic Care Corp.
Competitors of MediGain
MediGain has 3 listed competitors in our database, 1 of them funded. They include R1 RCM, Infinx and Xifin.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| r1rcm.com | 2003 | Chicago, United States | 16,445 | End-to-end revenue cycle management is provided for healthcare organizations. | ||
| infinx.com | 2010 | San Francisco, United States | 6,350 | Revenue cycle management platform for healthcare is provided. | ||
| xifin.com | 1997 | San Diego, United States | $6M | 861 | Cloud-based billing & revenue cycle management solutions for diagnostic service providers |
Detailed competitors of MediGain
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of MediGain
Websites that share an audience with MediGain (medigain.com).
Websites whose visitors overlap most with MediGain. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
abeo.com | abeo.com | 100% | – | ||
superiorconsultant.com | superiorconsultant.com | 92% | – | ||
| sourcemed.net | 92% | View details | |||
mcpn.org | mcpn.org | 91% | #14,155,901 | – |
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as MediGain (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Medigain
Complete news archive for MediGain
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about MediGain
MediGain was founded in 2004 and raised its 1st funding round 8 years after it was founded.
MediGain is headquartered in Plano, United States. It is registered at Plano, Texas, United States.
A Hadi Chaudhry is the CEO of MediGain, as recorded in our data.
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 2012.
MediGain has 87 employees.
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.
MediGain has made 2 acquisitions, including Millennium Direct, and Millennium MD.
MediGain has 2 investors. Key investors include Electronic Care Corp, and PGIM Private Capital.
MediGain operates through Rcm-Medigain India Private Limited.
Yes. MediGain was acquired by Electronic Care Corp in October 2016.
The legal entities of MediGain currently have 2 directors, including Kasilingam, Krishnan Ramachandran.