About ParaRev
ParaRev is a Healthcare company based in Elgin (United States) founded in 1985, and was acquired by CorroHealth in May 2022. Healthcare revenue cycle management solutions are provided by ParaRev. The company has 180 employees. Its chief executive, as recorded, is Jerry Connelly. ParaRev offers products and services including PULSE Coding Automation Technology, VISION Clinical Validation Technology, REVIVE Specialized RCM Automation, and The T System. Its focus areas include Services for Healthcare Providers, BPO and Revenue Cycle Management. Its legal entity is HFRI LLC. Its competitors include Performant Financial, Sagility and Alpha II.
Company details
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.
- Headquarters Elgin, United States
- Employees 180
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Phone•••• ••••
- Website pararevenue.com
- Social LinkedIn
- Acquired by CorroHealth (May 2022)
- Legal Name Hfri Llc
- Investors
- Employee Count180
- Acquired byCorroHealth
(May 2022)
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.
Investors in ParaRev
ParaRev has secured backing from 1 investor. Prominent investors backing the company include CorroHealth.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Healthcare revenue cycle management services are delivered to providers. | 2020 | corrohealth.com | Plano, United States |
Investor details for ParaRev
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People of ParaRev
1 people are tracked at ParaRev (1 in leadership); the tracked headcount is 180.
| Name | Role | Group |
|---|---|---|
Jerry Connelly | CEO | Leadership |
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Timeline of ParaRev
2 dated milestones of ParaRev across 37 years, from founding to its latest funding, stage changes and deals.
- Founded ParaRev is founded.
- Exit Acquired by CorroHealth.
Competitors of ParaRev
ParaRev has 3 listed competitors in our database. They include Performant Financial, Sagility and Alpha II.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| performantcorp.com | 1976 | Livermore, United States | 1,023 | Recovery solutions for government obligations are provided by Performant Financial. | ||
| sagilityhealth.com | 2000 | Westminster, United States | Healthcare outsourcing, revenue management, and technology solutions are provided. | |||
| alphaii.com | 1983 | Tallahassee, United States | 96 | Coding, compliance, and revenue analysis platforms are provided for healthcare. |
Detailed competitors of ParaRev
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Top companies in Healthcare Provider Support Services
3 companies that operate in the same segment as ParaRev (Healthcare Provider Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of self funded health plan | 2017 | New York, New York, United States | USD 224 M | 212 | ||
Provider of AI solutions for clinical, operational, and business outcomes | 2005 | Princeton, New Jersey, United States | USD 1.13 B | USD 465.22 M | 5,442 | |
AMN Healthcare is recognized as a leading healthcare staffing provider. | 1985 | San Diego, California, United States | USD 2.73 B | 2,970 |
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Related news about 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 CEO of ParaRev, as recorded in our data.
ParaRev has 180 employees.
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 Sagility, Performant Financial and Alpha II.
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.
ParaRev operates through Hfri Llc.
Yes. ParaRev was acquired by CorroHealth in May 2022.