About RevSpring
RevSpring is a company based in St. Paul (Canada) founded in 1981 was acquired by Frazier Healthcare Partners in March 2024. It operates as a SaaS (Software-as-a-Service), and Managed Services. The company has 695 employees as of December 31, 2021. RevSpring has completed 4 acquisitions, including Healthcare Revenue Strategies, Kyruus Health and Loyale Healthcare. RevSpring offers products and services including Financial Communications and Payment Solutions. RevSpring operates in a competitive market with competitors including Greenphire, Zelis Healthcare, Cedar, VisitPay and PayZen, among others.
- Headquarter St. Paul, Canada
- Employees 695 as on 31 Dec, 2021
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Sectors
HealthcareFinancial Services
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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 Revspring, Inc.
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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
Frazier Healthcare Partners
& 2 more
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Employee Count
695
as on Dec 31, 2021
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Investments & Acquisitions
Healthcare Revenue Strategies
& 3 more
- Acquired by
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Products & Services of RevSpring
RevSpring offers a comprehensive portfolio of products and services, including Financial Communications and Payment Solutions. 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.
Solutions for personalized financial communications are provided by RevSpring.
Payment processing options are offered for consumer financial engagement.
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Funding Insights of RevSpring
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2011 | Amount | Unspecified - RevSpring | Valuation |
investors |
| 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 |
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Investors in RevSpring
RevSpring has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Frazier Healthcare Partners, CIP Capital and GTCR Chicago Private Equity Firm. 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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Private equity investments are focused on middle-market growth companies.
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Founded Year | Domain | Location | |
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Healthcare sector private equity investments are managed by the firm.
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Founded Year | Domain | Location | |
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Private equity investments and firm management in Chicago.
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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 RevSpring
RevSpring has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Healthcare Revenue Strategies, Kyruus Health and Loyale Healthcare. 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.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Revenue cycle management platform is provided for healthcare providers.
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2016 | ||||
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Software solutions for clinical decision making are provided.
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2010 | ||||
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Denial management platform is offered for healthcare providers.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - RevSpring
| 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 |
Revspring Comparisons
Competitors of RevSpring
RevSpring 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 Greenphire, Zelis Healthcare, Cedar, VisitPay and PayZen, 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 |
Clinical payment technology for patient transactions in research is provided.
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| domain | founded_year | HQ Location |
Digital solutions to modernize the healthcare financial experience for payers, providers, and members
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| domain | founded_year | HQ Location |
Cloud-based payment solutions are provided for healthcare billing and analytics.
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| domain | founded_year | HQ Location |
Cloud-based patient revenue management is delivered to healthcare providers.
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| domain | founded_year | HQ Location |
AI medical billing software for healthcare professionals and organizations
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| domain | founded_year | HQ Location |
Healthcare bill payments are facilitated for providers and patients.
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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 Revspring
Frequently Asked Questions about RevSpring
When was RevSpring founded?
RevSpring was founded in 1981 and raised its 1st funding round 30 years after it was founded.
Where is RevSpring located?
RevSpring is headquartered in St. Paul, Canada. It is registered at St. Paul, Alberta, Canada.
Who is the current CEO of RevSpring?
Scott MacKenzie is the current CEO of RevSpring.
How many employees does RevSpring have?
As of Dec 31, 2021, the latest employee count at RevSpring is 695.
What does RevSpring do?
Financial communications and payment solutions are delivered by RevSpring to enhance consumer engagement. Services are tailored for healthcare and financial sectors using proprietary data analytics. Personalized workflows are created to improve financial outcomes for clients. Multi-channel communication methods including print, online, phone, email, and text are utilized. The focus is placed on predicting payment outcomes to drive better results. Leading healthcare organizations and revenue cycle management companies are served across North America.
Who are the top competitors of RevSpring?
RevSpring's top competitors include Greenphire, Cedar and PayZen.
What products or services does RevSpring offer?
RevSpring offers Financial Communications and Payment Solutions.
How many acquisitions has RevSpring made?
RevSpring has made 4 acquisitions, including Healthcare Revenue Strategies, Kyruus Health, and Loyale Healthcare.
Who are RevSpring's investors?
RevSpring has 3 investors. Key investors include Frazier Healthcare Partners, CIP Capital, and GTCR Chicago Private Equity Firm.