About PARO
PARO is a Healthcare company based in Fort Lauderdale (United States) founded in 2005, and was acquired by Waystar in June 2019. It operates as a RCM platform is provided for financial assistance processes. It operates on a SaaS (Software-as-a-Service) model. The company has 900 employees. PARO offers products and services including PARO Charity Screening. Its focus areas include Health Technology and Revenue Cycle Management. Its legal entity is ZirMed, Inc. Its competitors include R1 RCM, Xifin, Access Healthcare, Infinx and AKASA and 4 more; 5 of its 9 listed competitors have raised funding.
Company details
Patient account analytics are offered through automated charity screening capabilities by PARO, ensuring fair and consistent financial assistance evaluations for patients. This technology is integrated into Waystars end-to-end revenue cycle management platform, focusing on the healthcare sector with solutions for financial assistance screening.
- Headquarters Fort Lauderdale, United States
- Employees 900
- Stage Acquired
- SectorsHealthcare
- Website paroscore.com
- Social LinkedIn
- Acquired by Waystar (Jun 2019)
- Legal Name Zirmed, Inc.
Products & Services of PARO
PARO offers a comprehensive portfolio of products and services, including PARO Charity Screening.
Automated charity screening for fair patient financial evaluation.
Investors in PARO
PARO has secured backing from 1 investor. Prominent investors backing the company include Waystar.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cloud-based healthcare revenue cycle management solutions are provided. | 2000 | waystar.com | Duluth, United States |
Investor details for PARO
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Timeline of PARO
2 dated milestones of PARO across 14 years, from founding to its latest funding, stage changes and deals.
- Founded PARO is founded.
- Exit Acquired by Waystar.
Competitors of PARO
PARO has 9 listed competitors in our database, 5 of them funded. They include R1 RCM, Xifin, Access Healthcare, Infinx and AKASA, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| r1rcm.com | 2003 | Chicago, United States | – | 16,445 | End-to-end revenue cycle management is provided for healthcare organizations. | |
| xifin.com | 1997 | San Diego, United States | $6M | 861 | Cloud-based billing & revenue cycle management solutions for diagnostic service providers | |
| accesshealthcare.com | 2011 | Chennai, India | $3.9M | 17,868 | Provider of revenue cycle management, BPO, IT, and finance and accounting services | |
| infinx.com | 2010 | San Francisco, United States | – | 6,350 | Revenue cycle management platform for healthcare is provided. | |
| akasa.com | 2018 | San Francisco, United States | $80M | 46 | Revenue cycle automation platforms are provided for healthcare reimbursement. | |
| performantcorp.com | 1976 | Livermore, United States | – | 1,023 | Recovery solutions for government obligations are provided by Performant Financial. | |
| zentist.io | 2015 | San Francisco, United States | $14M | – | Billing solutions for dentists are provided by Zentist. | |
| ahsrcm.com | 1999 | Warren, United States | $24M | 300 | Medical billing software and revenue cycle management services are offered. | |
| waystar.com | 2000 | Duluth, United States | – | – | Cloud-based healthcare revenue cycle management solutions are provided. |
Detailed competitors of PARO
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Web traffic of PARO
The website of PARO (paroscore.com) receives about 3.9K visits a month.
- Monthly visits3.9K
▲ 60% vs previous month
Top companies in Clinical IT & Data Platforms
10 companies that operate in the same segment as PARO (Clinical IT & Data Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 716.99 M | – | 1,832 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | 1,746 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 473.73 M | – | 3,902 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, Ile de France, France | USD 863.12 M | – | 1,606 | |
Virtual care programs for managing chronic diseases are provided. | 2011 | San Francisco, California, United States | USD 450.12 M | USD 260.21 M | 992 | |
AI-driven EMR and practice management software is delivered for clinics. | 2010 | Boca Raton, Florida, United States | USD 329.17 M | – | 2,470 | |
Cloud-based administrative tools for healthcare providers are offered. | 1997 | Watertown, United States | USD 40 M | – | – | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – |
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Related news about Paro
Complete news archive for PARO
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Frequently Asked Questions about PARO
PARO was founded in 2005.
PARO is headquartered in Fort Lauderdale, United States. It is registered at Fort Lauderdale, Florida, United States.
PARO has 900 employees.
Patient account analytics are offered through automated charity screening capabilities by PARO, ensuring fair and consistent financial assistance evaluations for patients. This technology is integrated into Waystars end-to-end revenue cycle management platform, focusing on the healthcare sector with solutions for financial assistance screening.
PARO's top competitors include R1 RCM, Access Healthcare and AKASA.
PARO offers PARO Charity Screening.
PARO has 1 investor. Key investors include Waystar.
PARO operates through Zirmed, Inc..
Yes. PARO was acquired by Waystar in June 2019.