About Payer Compass
Payer Compass is a company based in Plano (United States) founded in 2013 was acquired by Zelis Healthcare in August 2022.. Payer Compass offers products and services including Network Solutions, Member Engagement, Price Transparency, Claims Management, and Payments Platform. Payer Compass operates in a competitive market with competitors including Payspan, MiyaHealth, Free Market Health, Rialtic and Enlace Health, among others.
- Headquarter Plano, United States
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Zelis Healthcare
& 2 more
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Employee Count
Employee Count
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Acquired by
Zelis Healthcare
(Aug 01, 2022)
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Products & Services of Payer Compass
Payer Compass offers a comprehensive portfolio of products and services, including Network Solutions, Member Engagement, Price Transparency, Claims Management, and Payments Platform. 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.
Builds and optimizes healthcare provider networks for efficiency.
Empowers members to access and utilize healthcare benefits effectively.
Ensures regulatory compliance in healthcare pricing and cost visibility.
Optimizes claim pricing and accuracy to reduce administrative costs.
Delivers secure payments and communications for healthcare transactions.
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Leadership Team
2 people
Legal and Compliance
1 people
Sales and Marketing
1 people
Account Team
1 people
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Funding Insights of Payer Compass
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2019 | Amount | Series A - Payer Compass | Valuation | Spectrum Equity |
| 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 Payer Compass
Payer Compass has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Zelis Healthcare, Health Enterprise Partners and Spectrum Equity. 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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Growth equity investments and partnerships in finance and related sectors.
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Founded Year | Domain | Location | |
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Investments are focused on healthcare and information technology sectors.
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Founded Year | Domain | Location | |
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Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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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 Payer Compass
| 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 |
Financial Statements - Payer Compass
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Payer Compass Comparisons
Competitors of Payer Compass
Payer Compass 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 Payspan, MiyaHealth, Free Market Health, Rialtic and Enlace 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 |
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| domain | founded_year | HQ Location |
Provider of payment and reimbursement solutions
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| domain | founded_year | HQ Location |
Digital medical cost management solution for payors and employers
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| domain | founded_year | HQ Location |
Digital medication cost analysis and management tool for payers and pharmacies
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| domain | founded_year | HQ Location |
Payment solutions for healthcare sectors
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| domain | founded_year | HQ Location |
Provider of data analytics and other IT infrastructure management services
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| domain | founded_year | HQ Location |
Payment integrity software and solutions are provided for healthcare payers.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Payer Compass
Frequently Asked Questions about Payer Compass
When was Payer Compass founded?
Payer Compass was founded in 2013 and raised its 1st funding round 6 years after it was founded.
Where is Payer Compass located?
Payer Compass is headquartered in Plano, United States. It is registered at Plano, Texas, United States.
What does Payer Compass do?
Provider of SaaS for healthcare cost reimbursement. The company provides reimbursement technology services to self-insured employers, third-party administrators, Medicare-advantage plans, commercial payers, and others. Its services include contract management, claims management, commercial repricing, and medicare-reference-based pricing for the full range of healthcare services including inpatient, outpatient, physician, and ancillary services. It provides claims pricing automation using its Visium technology. They also provide cost and charge transparency systems and plan-design guidance and support for plan administrators.
Who are the top competitors of Payer Compass?
Payer Compass's top competitors include Free Market Health, Enlace Health and MiyaHealth.
What products or services does Payer Compass offer?
Payer Compass offers Network Solutions, Member Engagement, Price Transparency, Claims Management, and Payments Platform.
Who are Payer Compass's investors?
Payer Compass has 3 investors. Key investors include Zelis Healthcare, Health Enterprise Partners, and Spectrum Equity.
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