About Remedinet Technologies
Remedinet Technologies is a company based in Bengaluru (India) founded in 2006 by Brahmesh Jain, Rahul Shukla, and Rammohan Prabhakar. Remedinet Technologies has raised $4.41 million across 5 funding rounds from investors including Bessemer Venture Partners, Nirvana Ventures Advisors and Net Logistics. The company has 217 employees as of March 22, 2024. Remedinet Technologies offers products and services including Electronic Preauthorization Manager, Electronic Claims Manager, Electronic Discharge Manager, CFO Dashboard, and Payer Automation Suite. Remedinet Technologies operates in a competitive market with competitors including Perfios, Lumeris, Optum, Laguna and Cotiviti, among others.
- Headquarter Bengaluru, India
- Employees 217 as on 22 Mar, 2024
- Founders Brahmesh Jain, Rahul Shukla, Rammohan Prabhakar
- Stage Minicorn
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Sectors
Financial ServicesHealthcare
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Email
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Phone
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Website
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Social
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- Legal Name Remedinet Technologies Private Limited
- Date of Incorporation 26 May, 2006
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$1.43 M (USD)33.21as on Mar 31, 2023
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Net Profit
-$2.54 K (USD)96.94as on Mar 31, 2023
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EBITDA
$125.51 K (USD)254.09as on Mar 31, 2023
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Total Equity Funding
$4.41 M (USD)
in 5 rounds
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Latest Funding Round
$529.38 K (USD), Series A
Jul 28, 2017
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Investors
Bessemer Venture Partners
& 9 more
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Employee Count
217
as on Mar 22, 2024
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Products & Services of Remedinet Technologies
Remedinet Technologies offers a comprehensive portfolio of products and services, including Electronic Preauthorization Manager, Electronic Claims Manager, Electronic Discharge Manager, CFO Dashboard, and Payer Automation Suite.
Tool for electronic data entry and submission in health insurance preauthorization.
Platform for uploading and managing hospitalization claims without manual errors.
System for handling patient discharge and billing electronically.
Dashboard for monitoring revenue cycle in hospital billing.
Suite for automating health insurance administration for payers.
Software for managing central government health insurance programs.
Framework for automating government-initiated health insurance processes.
Funding Insights of Remedinet Technologies
Remedinet Technologies has successfully raised a total of $4.41M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $529.38 thousand completed in July 2017. 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.
Investors in Remedinet Technologies
Remedinet Technologies has secured backing from 10 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, Nirvana Ventures Advisors and Net Logistics.
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Venture capital investments and support for entrepreneurs in technology and innovation sectors.
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Venture capital firm focusing on investments in Indian internet, mobile, and digital payments sectors.
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Hosting services for web, cloud, and servers are provided.
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Investor details for Remedinet Technologies
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Investments & Acquisitions by Remedinet Technologies
Investment portfolio details for Remedinet Technologies
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Financial Statements - Remedinet Technologies
Detailed financials for Remedinet Technologies
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Remedinet Technologies Comparisons
Peer comparison for Remedinet Technologies
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Competitors of Remedinet Technologies
Remedinet Technologies 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 Perfios, Lumeris, Optum, Laguna and Cotiviti, among others.
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Provides financial technology solutions for data analysis and verification globally.
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Lumeris offers population management and accountable care solutions
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Optum is recognized as a leading health solution and care delivery organization.
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AI-based patient care management solutions are provided for hospitals.
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Analytics-driven payment accuracy solutions for healthcare payers are provided.
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Software solutions for legal funding management are provided.
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Detailed competitors of Remedinet Technologies
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Latest news on Remedinet Technologies
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Frequently Asked Questions about Remedinet Technologies
Remedinet Technologies was founded in 2006 and raised its 1st funding round 2 years after it was founded.
Remedinet Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Munish Daga is the current CEO of Remedinet Technologies.
Remedinet Technologies is a funded company, having raised a total of $4.41M across 5 funding rounds to date.
As of Mar 22, 2024, the latest employee count at Remedinet Technologies is 217.
Annual revenue of Remedinet Technologies is $1.43M as on Mar 31, 2023.
Remedinet Technologies was founded in 2006 in Bengaluru, India, within the healthcare technology sector. Network solutions are offered to automate claims processing, pre-authorization, and discharge management for hospitals and insurers. Products include electronic managers for authorizations and discharges, along with a revenue cycle dashboard. Additional services support government health insurance schemes and corporate self-funded programs, with operations focused on reducing administrative tasks in the Indian market.
Remedinet Technologies offers Electronic Preauthorization Manager, Electronic Claims Manager, Electronic Discharge Manager, CFO Dashboard, and 3 more products and services.
Remedinet Technologies has 10 investors. Key investors include Bessemer Venture Partners, Nirvana Ventures Advisors, Net Logistics, Rakesh Jhunjhunwala, and Saurabh Srivastava.
The valuation of Remedinet Technologies is $7.28M as of Jul 2017.