About ParaRev
ParaRev is a company based in Elgin (United States) founded in 1985 was acquired by CorroHealth in May 2022. The company has 180 employees as of December 31, 2022. ParaRev offers products and services including PULSE Coding Automation Technology, VISION Clinical Validation Technology, REVIVE Specialized RCM Automation, and The T System. ParaRev operates in a competitive market with competitors including Access Healthcare, Performant Financial, Sagility, Alpha II and Xtend Healthcare, among others.
- Headquarter Elgin, United States
- Employees 180 as on 31 Dec, 2022
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Sectors
Healthcare
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Email
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Phone
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Website
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Social
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- Legal Name Hfri Llc
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Annual Revenue
Not available
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Net Profit
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EBITDA
Not available
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Latest Funding Round
Not available
- Investors
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Employee Count
180
as on Dec 31, 2022
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Acquired by
CorroHealth
(May 19, 2022)
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Products & Services of ParaRev
ParaRev offers a comprehensive portfolio of products and services, including PULSE Coding Automation Technology, VISION Clinical Validation Technology, REVIVE Specialized RCM Automation, and The T System.
Automates medical coding to boost hospital productivity and accuracy.
Supports accurate financial performance in clinical documentation.
Enhances revenue cycle processes for efficient claim management.
Provides tools for emergency department documentation and support.
Funding Insights of ParaRev
Detailed funding history for ParaRev
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Investors in ParaRev
ParaRev has secured backing from 1 investor. Prominent investors backing the company include CorroHealth.
| Investor | Description | Founded Year | Domain | Location |
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Healthcare revenue cycle management services are delivered to providers.
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Investor details for ParaRev
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Investments & Acquisitions by ParaRev
Investment portfolio details for ParaRev
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Financial Statements - ParaRev
Detailed financials for ParaRev
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Pararev Comparisons
Peer comparison for ParaRev
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Competitors of ParaRev
ParaRev 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 Access Healthcare, Performant Financial, Sagility, Alpha II and Xtend Healthcare, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of revenue cycle management, BPO, IT, and finance and accounting services
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Recovery solutions for government obligations are provided by Performant Financial.
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Healthcare outsourcing, revenue management, and technology solutions are provided.
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Coding, compliance, and revenue analysis platforms are provided for healthcare.
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Revenue cycle management services are provided to healthcare organizations.
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Revenue cycle management software is provided to healthcare professionals.
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Detailed competitors of ParaRev
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Latest news on Pararev
Complete news archive for ParaRev
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Frequently Asked Questions about ParaRev
ParaRev was founded in 1985.
ParaRev is headquartered in Elgin, United States. It is registered at Elgin, Illinois, United States.
Jerry Connelly is the current CEO of ParaRev.
As of Dec 31, 2022, the latest employee count at ParaRev is 180.
ParaRev was founded in 1985 and is headquartered in Elgin, United States. Operations focus on the healthcare sector, where revenue cycle management solutions are delivered to support billing, claims processing, and financial optimization for providers. Services encompass denial management, patient eligibility verification, and payment posting. The company serves clients across the U.S. healthcare landscape, with leadership provided by CEO Jerry Connelly.
ParaRev's top competitors include Access Healthcare, Sagility and Adonis.
ParaRev offers PULSE Coding Automation Technology, VISION Clinical Validation Technology, REVIVE Specialized RCM Automation, and The T System.
ParaRev has 1 investor. Key investors include CorroHealth.