Premier Healthcare Exchange

Bedminster, United States Founded: 2001 • Age: 25 yrs Acquired By Performant Financial
Health insurance claims, networks, and payments are managed through software.

About Premier Healthcare Exchange

Premier Healthcare Exchange is a company based in Bedminster (United States) founded in 2001 was acquired by Performant Financial in January 2015.. Premier Healthcare Exchange has raised $11.4 million across 2 funding rounds from investors including Performant Financial and Edison Partners. Premier Healthcare Exchange has completed 1 acquisition, including NHBC. Premier Healthcare Exchange offers products and services including Network Solutions, Member Engagement, Claims Management, and Payment Integrity. Premier Healthcare Exchange operates in a competitive market with competitors including Change Healthcare, Innovaccer, Zelis Healthcare, HealthEdge and HighRoads, among others.

  • Headquarter Bedminster, United States
  • Sectors
    Financial Services
    Healthcare
  • Phone
    *********
  • Website
    *********
  • Social
    *********
Operational Areas
Financial Services → FinTech & Digital Finance
Healthcare → Health Technology & Digital Health
Key Metrics
  • Annual Revenue
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $11.4 M (USD)

    in 2 rounds

  • Latest Funding Round
    $7.4 M (USD), Unspecified

    Apr 01, 2014

  • Investors
  • Employee Count
    Employee Count
  • Investments & Acquisitions
  • Acquired by
    Performant Financial

    (Jan 28, 2015)

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Products & Services of Premier Healthcare Exchange

Premier Healthcare Exchange offers a comprehensive portfolio of products and services, including Network Solutions, Member Engagement, Claims Management, and Payment Integrity. 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.

Primary

Platform for building and optimizing healthcare provider networks

Tools to help members access and utilize benefits effectively

System for accurate pricing and payment of healthcare claims

Solutions for secure and efficient payment delivery

Funding Insights of Premier Healthcare Exchange

Premier Healthcare Exchange has successfully raised a total of $11.4M across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $7.4 million completed in April 2014. 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
  • Total Rounds 2
  • Last Round Unspecified — $7.4M
  • First Round

    (23 Sep 2010)

  • Investors Count 1
Date Amount Transaction Name Valuation Lead Investors Investors
Apr, 2014 Amount Unspecified - Premier Healthcare Exchange Valuation Edison Partners
Sep, 2010 Amount Seed - Premier Healthcare Exchange Valuation

investors

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Premier Healthcare Exchange

Premier Healthcare Exchange has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Performant Financial and Edison Partners. 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.

All
Venture Fund
Investor Description Founded Year Domain Location
Provider of a growth equity firm for adaptive and personalized plans
Founded Year Domain Location
Recovery solutions for government obligations are provided by Performant Financial.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Premier Healthcare Exchange

Premier Healthcare Exchange has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include NHBC. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Acquisitions
Company Name Description Domain Location Founded Year Amount
Home insurance and warranty services are provided by NHBC.
1936
Company Name Description Domain Location Founded Year Amount
OVO is recognized as a smart digital payment application.
2017
Bionic investment advisor platform
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014

Financial Statements - Premier Healthcare Exchange

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Premier Healthcare Exchange Comparisons

Employees
+
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Competitors of Premier Healthcare Exchange

Premier Healthcare Exchange 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 Change Healthcare, Innovaccer, Zelis Healthcare, HealthEdge and HighRoads, 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
domain founded_year HQ Location
Cloud-based solutions are delivered for healthcare payers, providers, and patients.
domain founded_year HQ Location
Provider of an AI-powered cloud platform for healthcare performance improvement
domain founded_year HQ Location
Digital solutions to modernize the healthcare financial experience for payers, providers, and members
domain founded_year HQ Location
Software solutions for healthcare payers are provided.
domain founded_year HQ Location
SaaS-based suite solutions for payers are provided by HighRoads.
domain founded_year HQ Location
Healthcare benefits are administered via tax-advantaged account platforms.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Premier Healthcare Exchange

Frequently Asked Questions about Premier Healthcare Exchange

When was Premier Healthcare Exchange founded?

Premier Healthcare Exchange was founded in 2001 and raised its 1st funding round 9 years after it was founded.

Where is Premier Healthcare Exchange located?

Premier Healthcare Exchange is headquartered in Bedminster, United States. It is registered at Bedminster, New Jersey, United States.

Is Premier Healthcare Exchange a funded company?

Premier Healthcare Exchange is a funded company, having raised a total of $11.4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4M, raised on Sep 23, 2010.

What does Premier Healthcare Exchange do?

PHX combines claim processing automation with professional services to deliver a centralized approach to cost management. PHX services include data analytics, benchmarking, predictive modeling, PPO network management, out-of-network negotiations, claims to edit, and clinical bill review and audit. The firms solutions are used by the industrys leading insurance companies. Through its Pay-Plus Solutions (PPS) division, the company delivers electronic payments and explanation of payments to healthcare providers. The platform is designed for healthcare that combines banking functions, claim payments, and claim remittance and integrates with traditional paper processes.

Who are the top competitors of Premier Healthcare Exchange?

Premier Healthcare Exchange's top competitors include Change Healthcare, HealthEdge and Innovaccer.

What products or services does Premier Healthcare Exchange offer?

Premier Healthcare Exchange offers Network Solutions, Member Engagement, Claims Management, and Payment Integrity.

How many acquisitions has Premier Healthcare Exchange made?

Premier Healthcare Exchange has made 1 acquisition, including NHBC.

Who are Premier Healthcare Exchange's investors?

Premier Healthcare Exchange has 2 investors. Key investors include Performant Financial, and Edison Partners.

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