About PrecisionGx
PrecisionGx is a Financial Services company based in Philadelphia (United States) founded in 2015, and was acquired by Trend Health Partners in October 2023. It operates in the Financial Services and Healthcare sectors. PrecisionGx has raised $3.05 million across 2 funding rounds from investors including Trend Health Partners, FCA Venture Partners and Commerce Ventures. Its focus areas include HealthTech, Healthcare Payer Tech, Claims Management and Claims Data Insights. Its legal entity is PrecisionGx Inc. Its competitors include Ribbon Health, Prognos Health and PurpleLab; 3 of its 3 listed competitors have raised funding.
Company details
AI-based health plan analytics solutions for health insurers. It offers an AI-based platform for health insurers with payment solutions. The company uses its proprietary vectorization for the payers core data sets with the help of machine learning to provide consumable data. The platform also provides insights for contract negotiations, detects inappropriate billing patterns, and manages risk through future predictions, drug management, population health analysis, and policy design.
- Headquarters Philadelphia, United States
- Stage Acquired
- SectorsFinancial ServicesHealthcare
- Email••••••••
- Website precision-gx.com
- Social LinkedIn
- Acquired by Trend Health Partners (Oct 2023)
- Legal Name Precisiongx Inc.
- Total Equity Funding$3.05M (USD)
in 2 rounds
- Latest Funding Round$1.14M (USD), Series A
May 2022
- InvestorsTrend Health Partners
& 2 more
- Acquired byTrend Health Partners
(Oct 2023)
Funding Insights of PrecisionGx
PrecisionGx has successfully raised a total of $3.05M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.14 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.05M
- Total Rounds 2
- Last Round Series A — $1.14M
- First Round $1.91M
(Oct 2018)
- Investors Count 2
All 2 funding rounds of PrecisionGx 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 |
|---|---|---|---|---|---|
| May 2022 | $1.14M | Series A | – | FCA Venture Partners | |
| Oct 2018 | $1.91M | Seed | – | – | – |
3 investors in total: 3 institutional.
Investors in PrecisionGx
PrecisionGx has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Trend Health Partners, FCA Venture Partners and Commerce Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Offline-focused VC firm investing primarily in the US | fcavp.com | Brentwood, United States | ||
Investment in retail and financial services technologies. | commerce.vc | |||
Provider of credit balance recovery, financial transaction, and other services | 2018 | trendhealthpartners.com | Hunt Valley, United States |
Investor details for PrecisionGx
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of PrecisionGx
6 people are tracked at PrecisionGx (6 in leadership).
| Name | Role | Group |
|---|---|---|
Timothy Walters | Vp, Payment Integrity | Leadership |
Kellie McLaverty | Director of Payment Integrity | Leadership |
Dutch Noss | Chief Operating Officer | Leadership |
Eric Olofson | Chief Revenue Officer | Leadership |
Kasey Sousa | Co-Founder, CEO | Leadership |
Scott Strent | Vice President, Business Development | Leadership |
Complete people profiles for PrecisionGx
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of PrecisionGx
4 dated milestones of PrecisionGx across 8 years, from founding to its latest funding, stage changes and deals.
- Founded PrecisionGx is founded.
- Funding First funding round of $1.9M.
- Funding Latest funding round, Series A, of $1.1M.
- Exit Acquired by Trend Health Partners.
Competitors of PrecisionGx
PrecisionGx has 3 listed competitors in our database, 3 of them funded. They include Ribbon Health, Prognos Health and PurpleLab.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ribbonhealth.com | 2016 | New York, United States | $55.64M | Predictive analytics platform is provided for healthcare providers. | ||
| prognoshealth.com | 2010 | New York, United States | $73.51M | 50 | AI-based platform for clinical data sharing and management is provided. | |
| purplelab.com | 2016 | Furlong, United States | $43M | Healthcare analytics solutions for healthcare stakeholders |
Detailed competitors of PrecisionGx
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- Full competitor set
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Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as PrecisionGx (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 4,445 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
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Frequently Asked Questions about PrecisionGx
PrecisionGx was founded in 2015 and raised its 1st funding round 3 years after it was founded.
PrecisionGx is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
PrecisionGx is a funded company, having raised a total of $3.05M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.91M, raised on Oct 2018.
AI-based health plan analytics solutions for health insurers. It offers an AI-based platform for health insurers with payment solutions. The company uses its proprietary vectorization for the payers core data sets with the help of machine learning to provide consumable data. The platform also provides insights for contract negotiations, detects inappropriate billing patterns, and manages risk through future predictions, drug management, population health analysis, and policy design.
PrecisionGx's top competitors include Ribbon Health, Prognos Health and PurpleLab.
PrecisionGx has 3 investors. Key investors include Trend Health Partners, FCA Venture Partners, and Commerce Ventures.
PrecisionGx operates through Precisiongx Inc..
Yes. PrecisionGx was acquired by Trend Health Partners in October 2023.