About MultiPlan
MultiPlan is a company based in New York (United States) founded in 1980 was acquired by Hellman & Friedman in June 2016.. The company has 2,800 employees as of December 31, 2023. MultiPlan has completed 3 acquisitions, including Benefits Science, Discovery Health Partners and HST. MultiPlan offers products and services including Analytics-Based Services, Data & Decision Science Services, Network-Based Services, Payment & Revenue Integrity Services, and Surprise Billing Services. MultiPlan operates in a competitive market with competitors including Centivo, Access Healthcare, Omega Healthcare, Light Wave Dental and Rennova Health, among others.
- Headquarter New York, United States
- Employees 2800 as on 31 Dec, 2023
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Claritev Corporation
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Annual Revenue
$1.08 B-3as on Dec 31, 2022
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Net Profit
$-572.91 M-661as on Dec 31, 2022
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EBITDA
$-293.98 M-165as on Dec 31, 2022
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Latest Funding Round
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Investors
CPP Investments
& 5 more
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Employee Count
2800
as on Dec 31, 2023
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Investments & Acquisitions
Benefits Science
& 2 more
- Acquired by
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Products & Services of MultiPlan
MultiPlan offers a comprehensive portfolio of products and services, including Analytics-Based Services, Data & Decision Science Services, Network-Based Services, Payment & Revenue Integrity Services, and Surprise Billing Services. 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.
Identifies medical savings and cost reductions for healthcare.
Delivers actionable data for plan design and cost optimization.
Manages custom healthcare provider networks efficiently.
Prevents improper billing and maximizes savings.
Handles surprise bill requirements and compliance.
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Funding Insights of MultiPlan
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Post-IPO - MultiPlan | Valuation |
investors |
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| Jun, 2016 | Amount | Private Equity Round - MultiPlan | Valuation | CPP Investments |
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| Mar, 2014 | Amount | Private Equity Round - MultiPlan | 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 MultiPlan
MultiPlan has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include CPP Investments, Partners Group and GIC. 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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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Private investment firm specializing in markets and partnerships.
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Founded Year | Domain | Location | |
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Private equity funds are managed across multiple sectors globally.
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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 MultiPlan
MultiPlan has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Benefits Science, Discovery Health Partners and HST. 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
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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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based cost containment solutions are delivered to healthcare providers.
|
2012 | ||||
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Healthcare management services are provided globally by HST.
|
2009 | ||||
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Payment integrity software and solutions are provided for healthcare payers.
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2008 |
| 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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - MultiPlan
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| 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 |
Multiplan Comparisons
Competitors of MultiPlan
MultiPlan 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 Centivo, Access Healthcare, Omega Healthcare, Light Wave Dental and Rennova Health, 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 |
Provider of self funded health plan
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| domain | founded_year | HQ Location |
Provider of revenue cycle management, BPO, IT, and finance and accounting services
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| domain | founded_year | HQ Location |
Healthcare outsourcing services are provided to various sectors.
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| domain | founded_year | HQ Location |
Dental practice brokerage services are provided to facilitate transactions.
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| domain | founded_year | HQ Location |
Software solutions for laboratory diagnostics are provided to healthcare.
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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 Multiplan
Frequently Asked Questions about MultiPlan
When was MultiPlan founded?
MultiPlan was founded in 1980 and raised its 1st funding round 34 years after it was founded.
Where is MultiPlan located?
MultiPlan is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of MultiPlan?
Mark Tabak is the current CEO of MultiPlan.
How many employees does MultiPlan have?
As of Dec 31, 2023, the latest employee count at MultiPlan is 2,800.
What is the annual revenue of MultiPlan?
Annual revenue of MultiPlan is $1.08B as on Dec 31, 2022.
What does MultiPlan do?
MultiPlan was founded in 1980 and is based in New York, United States. Operations center on medical payment integrity and analytics within the healthcare sector. Services include payment accuracy verification and data analytics for providers and payers. The domain multiplan.us supports these activities, with leadership provided by Chairman and CEO Mark Tabak.
Who are the top competitors of MultiPlan?
MultiPlan's top competitors include Centivo, Access Healthcare and Rennova Health.
What products or services does MultiPlan offer?
MultiPlan offers Analytics-Based Services, Data & Decision Science Services, Network-Based Services, Payment & Revenue Integrity Services, and Surprise Billing Services.
How many acquisitions has MultiPlan made?
MultiPlan has made 3 acquisitions, including Benefits Science, Discovery Health Partners, and HST.
Who are MultiPlan's investors?
MultiPlan has 6 investors. Key investors include CPP Investments, Partners Group, GIC, Ardian, and Hellman & Friedman.
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