About Panacea Healthcare Solutions
Panacea Healthcare Solutions is a Technology company based in Minneapolis (United States) founded in 1990 by Rebecca Stodolak, and was acquired by BESLER in December 2019. Audit, compliance, strategic pricing, and consulting services are offered. It operates on a SaaS (Software-as-a-Service), Professional Services, and HealthTech model in Technology and Healthcare sectors. Panacea Healthcare Solutions offers products and services including Price Transparency Solutions, Revenue Integrity Services, and Compliance Management Suite. Its focus areas include Health Information Technology and Revenue Cycle Management. Its legal entity is Panacea Healthcare Solutions, LLC. Its competitors include Centivo, MultiPlan and Omega Healthcare; 1 of its 3 listed competitors has raised funding.
Company details
Healthcare pricing, revenue integrity, and compliance solutions are offered by Panacea Healthcare Solutions. Services are extended to hospitals, physician practices, and ancillary care providers. A comprehensive suite of software and tech-enabled services is developed, focusing on strategic pricing, chargemaster management, and coding audits. Compliance management and training programs are also provided to ensure regulatory adherence. The company serves diverse sectors within the healthcare industry, addressing unique needs through tailored solutions.
- Headquarters Minneapolis, United States
- Founders Rebecca Stodolak
- Stage Acquired
- SectorsTechnologyHealthcare
- Email••••••••
- Phone•••• ••••
- Website panaceainc.com
- Social LinkedIn X Facebook
- Acquired by BESLER (Dec 2019)
- Legal Name Panacea Healthcare Solutions, Llc
- InvestorsCareer Step
& 2 more
- Acquired by
Products & Services of Panacea Healthcare Solutions
Panacea Healthcare Solutions offers a comprehensive portfolio of products and services, including Price Transparency Solutions, Revenue Integrity Services, and Compliance Management Suite.
Solutions for hospital pricing and transparency are provided.
Revenue management and chargemaster solutions are offered comprehensively.
Customizable compliance management software is developed for healthcare.
Funding Insights of Panacea Healthcare Solutions
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Panacea Healthcare Solutions 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 |
|---|---|---|---|---|---|
| Aug 2022 | Private Equity Round | – | – |
3 investors in total: 3 institutional.
Investors in Panacea Healthcare Solutions
Panacea Healthcare Solutions has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Career Step, Firmament and BESLER.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Structured capital solutions are provided to small and medium-sized enterprises. | firmament.com | |||
Online training is offered in healthcare, administrative, and technology careers. | 1992 | careerstep.com | Provo, United States | |
Offers expert reimbursement and revenue integrity solutions for healthcare organizations. | 1986 | besler.com | Princeton, United States |
Investor details for Panacea Healthcare Solutions
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People of Panacea Healthcare Solutions
18 people are tracked at Panacea Healthcare Solutions (13 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Rebecca Stodolak | Co-Founder | Leadership |
Brian Prokop | Senior Vice President, Financial Consulting Services | Leadership |
Jeff Rothamel | Director Software Engineering | Leadership |
Henry Gutierrez | Senior Vice President Financial Consulting Services | Leadership |
Kevin Bode | Vice President Financial Consulting | Leadership |
Greg Adams | Senior VP | Leadership |
Jason Kloszewski, RHIA, CRCR | Vice President Financial Data Analytics | Leadership |
Kevin Chmura | Chief Executive Officer | Leadership |
John Anderson | Senior Vice President | Leadership |
Karl Hellerich | Executive Vice President Of Business Development, Panacea Healthcare Solutions | Leadership |
Joe Donofrio | Vice President Of Business Development | Leadership |
Becky Rodrian, CCS-P, CPC, CEMC, CPEDC, CBCS, | Director, Physician Consulting Services | Leadership |
Govind Goyal | President, Financial Services | Leadership |
Jennifer Wankel | Financial and Technical Support Analyst | Team |
Natalee Hall | Manager, Financial Consulting Services | Team |
Brian Rikkola | Senior Financial Healthcare Consultant | Team |
Carlous Ivey, MBA, MHA, CHFP | Manager, Financial Consulting Services | Team |
Melanie Jordan | Project Coordinator | Team |
Complete people profiles for Panacea Healthcare Solutions
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Timeline of Panacea Healthcare Solutions
4 dated milestones of Panacea Healthcare Solutions across 32 years, from founding to its latest funding, stage changes and deals.
- Founded Panacea Healthcare Solutions is founded.
- Exit Acquired by Career Step.
- Exit Acquired by BESLER.
- Funding First funding round.
Competitors of Panacea Healthcare Solutions
Panacea Healthcare Solutions has 3 listed competitors in our database, 1 of them funded. They include Centivo, MultiPlan and Omega Healthcare.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| centivo.com | 2017 | New York, United States | $224M | 212 | Provider of self funded health plan | |
| multiplan.us | 1980 | New York, United States | 2,800 | Medical payment integrity and analytics services are provided by MultiPlan. | ||
| omegahms.com | 2003 | Boca Raton, United States | 26,750 | Healthcare outsourcing services are provided to various sectors. |
Detailed competitors of Panacea Healthcare Solutions
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Web traffic of Panacea Healthcare Solutions
The website of Panacea Healthcare Solutions (panaceainc.com) receives about 3.8K visits a month.
- Monthly visits3.8K
▲ 15.3% vs previous month
Top companies in GRC, Risk & Compliance Software
3 companies that operate in the same segment as Panacea Healthcare Solutions (GRC, Risk & Compliance Software) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
Identity and access management solutions are provided for developers. | 2013 | Bellevue, Washington, United States | USD 332.75 M | 350 |
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Related news about Panacea Healthcare Solutions
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Frequently Asked Questions about Panacea Healthcare Solutions
Panacea Healthcare Solutions was founded in 1990 and raised its 1st funding round 32 years after it was founded.
Panacea Healthcare Solutions is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Healthcare pricing, revenue integrity, and compliance solutions are offered by Panacea Healthcare Solutions. Services are extended to hospitals, physician practices, and ancillary care providers. A comprehensive suite of software and tech-enabled services is developed, focusing on strategic pricing, chargemaster management, and coding audits. Compliance management and training programs are also provided to ensure regulatory adherence. The company serves diverse sectors within the healthcare industry, addressing unique needs through tailored solutions.
Panacea Healthcare Solutions's top competitors include Centivo, MultiPlan and Omega Healthcare.
Panacea Healthcare Solutions offers Price Transparency Solutions, Revenue Integrity Services, and Compliance Management Suite.
Panacea Healthcare Solutions has 3 investors. Key investors include Career Step, Firmament, and BESLER.
Panacea Healthcare Solutions operates through Panacea Healthcare Solutions, Llc.
Yes. Panacea Healthcare Solutions was acquired by BESLER in December 2019.