About MedSynergies
MedSynergies is a company based in Irving (United States) founded in 1996 was acquired by Optum in September 2014.. MedSynergies has raised $155.05 million across 5 funding rounds from investors including Optum and FTV Capital. The company has 1,015 employees as of December 31, 2016. MedSynergies operates in a competitive market with competitors including Nomi Health, Alegeus, MedXoom, Ribbon Health and MedRisk, among others.
- Headquarter Irving, United States
- Employees 1015 as on 31 Dec, 2016
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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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- Legal Name Medsynergies Llc
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Funding Insights of MedSynergies
MedSynergies has successfully raised a total of $155.05M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $65 million completed in July 2013. 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 5
- Last Round Series D — $65.0M
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First Round
First Round
(04 Aug 2004)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2013 | Amount | Series D - MedSynergies | Valuation |
investors |
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| Mar, 2011 | Amount | Series C - MedSynergies | Valuation | FTV Capital |
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| Jan, 2011 | Amount | Series B - MedSynergies | 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 MedSynergies
MedSynergies has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Optum and FTV 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 equity investment firm
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Founded Year | Domain | Location | |
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Optum is recognized as a leading health solution and care delivery organization.
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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 MedSynergies
| 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 - MedSynergies
| 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 |
Medsynergies Comparisons
Competitors of MedSynergies
MedSynergies 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 Nomi Health, Alegeus, MedXoom, Ribbon Health and MedRisk, 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 |
Diversified systems and services for health care are provided.
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| domain | founded_year | HQ Location |
Healthcare benefits are administered via tax-advantaged account platforms.
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| domain | founded_year | HQ Location |
Cloud-based health benefits management platform for employers, patients, and providers
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| domain | founded_year | HQ Location |
Predictive analytics platform is provided for healthcare providers.
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| domain | founded_year | HQ Location |
Integrated clinical oversight solutions for Managed Physical Medicine & Diagnostic Imaging
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| domain | founded_year | HQ Location |
Provider of solutions that facilitate measurement and improvement of the patient and employee experience
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| Company Name | Domain | Founded year | HQ Location | Description |
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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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Frequently Asked Questions about MedSynergies
When was MedSynergies founded?
MedSynergies was founded in 1996 and raised its 1st funding round 8 years after it was founded.
Where is MedSynergies located?
MedSynergies is headquartered in Irving, United States. It is registered at Irving, Texas, United States.
Is MedSynergies a funded company?
MedSynergies is a funded company, having raised a total of $155.05M across 5 funding rounds to date. The company's 1st funding round was a Series B of $13M, raised on Aug 04, 2004.
How many employees does MedSynergies have?
As of Dec 31, 2016, the latest employee count at MedSynergies is 1,015.
What does MedSynergies do?
MedSynergies provides revenue cycle management and consulting services for physicians, practice administrators, central billing organization executives, and hospital executives in the United States. Products are MSight Enterprise Suite and MSight Products. It offers physician billing and collection services; technology services that include software integration, implementation, hosting, and maintenance; management services; consulting services; and practice management solutions. Claims to serve more than 9,300 providers across the United States. It is part of Optum (UnitedHealth Group NYSE: UNH), a leading information- and technology-enabled health services business.
Who are the top competitors of MedSynergies?
MedSynergies's top competitors include MedXoom, Nomi Health and Ribbon Health.
Who are MedSynergies's investors?
MedSynergies has 2 investors. Key investors include Optum, and FTV Capital.