About RapidCare
RapidCare is a Healthcare company based in Fairfield (United States) founded in 1999. It offers AI-powered medical transcription, billing, and data management services. It operates on a B2B and SaaS model in Healthcare and Technology sectors. RapidCare has raised $10 million across 3 funding rounds. RapidCare offers products and services including WHITE, iLake, and Texture. Its focus areas include Medical Billing, Revenue Cycle Management, Automation and Medical Tech. Its legal entity in India is Realcare Clinic Llp (ACB-8819). Its competitors include Centivo, Access Healthcare, MultiPlan, Omega Healthcare and Light Wave Dental and 5 more; 4 of its 10 listed competitors have raised funding.
Company details
Rapid Care is an AI-focused company specializing in healthcare solutions, including medical transcription, billing, coding, and record review. They use technologies like natural language processing and neural networks to analyze medical data efficiently. Based in locations such as the USA, India, and the UK, they serve clients in healthcare, revenue cycle management, and related industries by automating processes and improving operational efficiency.
- Headquarters Fairfield, United States
- SectorsHealthcareTechnology
- Email••••••••
- Website rapidcare.ai
- Social LinkedIn
- Legal Name Realcare Clinic Llp
- Date of Incorporation 05 Jul, 2023
- Jurisdiction Chennai, Tamil Nadu, India
- Total Equity Funding$10M (USD)
in 3 rounds
- Latest Funding Round$10M (USD), Debt – Conventional
Jan 2021
Associated legal entities of RapidCare
RapidCare operates through Realcare Clinic Llp (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Realcare Clinic Llp CIN ACB-8819 | Active | 05 Jul 2023 | Chennai, Tamil Nadu | – | – | 2 | View details |
Products & Services of RapidCare
RapidCare offers a comprehensive portfolio of products and services, including WHITE, iLake, and Texture.
AI engine for analyzing and summarizing medical documents.
Automates medical billing and revenue cycle workflows.
Platform for tracking and processing medical records.
Funding Insights of RapidCare
RapidCare has successfully raised a total of $10M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $10 million completed in January 2021. 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 $10M
- Total Rounds 3
- Last Round Debt – Conventional — $10M
- First Round $10M
(Jan 2021)
All 3 funding rounds of RapidCare 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 |
|---|---|---|---|---|---|
| Jan 2021 | $10M | Seed | – | – | – |
| Jan 2021 | $10M | Unspecified | – | – | – |
| Jan 2021 | $10M | Debt – Conventional | – | – | – |
Board of directors of Realcare Clinic Llp (RapidCare)
Realcare Clinic Llp is the primary company behind RapidCare. The board of Realcare Clinic Llp currently have 2 directors; the longest-serving is Vellore Laxman Venkatasubramaniam, appointed in 2023.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vellore Laxman Venkatasubramaniam DIN 01068798 | Designated Partner | 05 Jul 2023 | 3 yrs 3 mo | Realcare Clinic Llp |
| Manju Chamundeeswari DIN 03422757 | Designated Partner | 05 Jul 2023 | 3 yrs 3 mo | Realcare Clinic Llp |
People of RapidCare
4 people are tracked at RapidCare (2 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Venkat Laxman | CEO | Leadership |
Shankar Varadharajan | Chief Strategy Officer (cso) | Leadership |
Manikandan Kp | Credentialing Specialist | Team |
John Samuel | Senior Manager - HR And Competency Development | Team |
Complete people profiles for RapidCare
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of RapidCare
2 dated milestones of RapidCare across 22 years, from founding to its latest funding, stage changes and deals.
- Founded RapidCare is founded.
- Funding First funding round of $10.0M.
Competitors of RapidCare
RapidCare has 10 listed competitors in our database, 4 of them funded. They include Centivo, Access Healthcare, MultiPlan, Omega Healthcare and Light Wave Dental, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| centivo.com | 2017 | New York, United States | $224M | 212 | Provider of self funded health plan | |
| accesshealthcare.com | 2011 | Chennai, India | $3.9M | 17,868 | Provider of revenue cycle management, BPO, IT, and finance and accounting services | |
| multiplan.us | 1980 | New York, United States | – | 2,800 | Medical payment integrity and analytics services are provided by MultiPlan. | |
| omegahms.com | 2003 | Boca Raton, United States | – | 26,750 | Healthcare outsourcing services are provided to various sectors. | |
| lightwavedental.com | 2010 | Woodbridge, United States | $20.24M | 1,847 | Dental practice brokerage services are provided to facilitate transactions. | |
| rennovahealth.com | 1989 | West Palm Beach, United States | – | – | Software solutions for laboratory diagnostics are provided to healthcare. | |
| sagilityhealth.com | 2000 | Westminster, United States | – | – | Healthcare outsourcing, revenue management, and technology solutions are provided. | |
| meditrusthealth.com | 2017 | Xuhui, China | $463.01M | – | Provider of medical payment services | |
| uhs.com | 1939 | Minneapolis, United States | – | – | Medical equipment is managed and serviced for U.S. healthcare providers. | |
| eyecare-partners.com | 2015 | Ballwin, United States | – | – | Provider of revenue cycle management, staffing, marketing, and IT & business support services |
Detailed competitors of RapidCare
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Hospitals & Clinical Care
10 companies that operate in the same segment as RapidCare (Hospitals & Clinical Care), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Maternity, childcare, and fertility services are delivered via hospital chains. | 2007 | Bengaluru, Karnataka, India | USD 204.87 M | USD 140.46 M | 4,459 | |
Chain of oncology hospitals | 1989 | Bengaluru, Karnataka, India | USD 36.59 M | USD 270.51 M | 8,400 | |
Chain of multi-super specialty healthcare hospitals | 2004 | Gurugram, Haryana, India | USD 104.7 M | USD 461.72 M | 12,240 | |
Multispeciality secondary and tertiary care is provided by hospital chains. | 1999 | Secunderabad, Telangana, India | USD 62.46 M | USD 416.2 M | 6,490 | |
Multispecialty hospitals are operated as a chain in India. | 2001 | Delhi, Delhi, India | – | USD 889.96 M | 26,830 | |
Multi-specialty hospitals and surgery centers are operated nationwide. | 1968 | Nashville, Tennessee, United States | USD 97.27 M | USD 75.6 B | 316,000 | |
Standalone veterinary clinics are operated for pet care services. | 2017 | New York, New York, United States | USD 98.5 M | – | – | |
Healthcare services, research, education, and community support are provided. | 1942 | United States | – | – | – | |
Provider of tech-heavy clinics for multiple healthcare solutions for patients | 2017 | Brooklyn, New York, United States | USD 1.02 B | – | 785 | |
Multispecialty hospitals are operated as a chain in India. | 1991 | Bengaluru, Karnataka, India | USD 645.32 M | USD 1.1 B | – |
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Frequently Asked Questions about RapidCare
RapidCare was founded in 1999 and raised its 1st funding round 22 years after it was founded.
RapidCare is headquartered in Fairfield, United States.
RapidCare is a funded company, having raised a total of $10M across 3 funding rounds to date. The company's 1st funding round was a Seed of $10M, raised on Jan 2021.
Rapid Care is an AI-focused company specializing in healthcare solutions, including medical transcription, billing, coding, and record review. They use technologies like natural language processing and neural networks to analyze medical data efficiently. Based in locations such as the USA, India, and the UK, they serve clients in healthcare, revenue cycle management, and related industries by automating processes and improving operational efficiency.
RapidCare's top competitors include Centivo, Access Healthcare and Rennova Health.
RapidCare offers WHITE, iLake, and Texture.
RapidCare operates through Realcare Clinic Llp.
The legal entities of RapidCare currently have 2 directors, including Vellore Laxman Venkatasubramaniam, Manju Chamundeeswari.