About SCIO Health Analytics
SCIO Health Analytics is a Healthcare company based in West Hartford (United States) founded in 2007 by Karthik Krishnaswami, and was acquired by EXL in May 2018. It provides payment integrity solutions for healthcare organizations. It operates in the Healthcare and Financial Services sectors. SCIO Health Analytics has raised $17.93 million across 3 funding rounds from investors including EXL, SVB and Saama Capital. The company has 1,683 employees. SCIO Health Analytics has completed 3 acquisitions, including CVInfosys, Data Intel and SOCRATES. Its Indian entity Scioinspire Consulting Services (India) Private Limited reported revenue of ₹338 Cr. Its focus areas include HealthTech, Healthcare IT, Provider and Administrative Solutions. Its competitors include Functional Finance, InsurePay and Ascend; 3 of its 3 listed competitors have raised funding.
Company details
Founded in 2007 and headquartered in West Hartford, United States, operations are focused on the healthcare sector. Payment integrity solutions are delivered to support organizations in identifying claims errors, overpayments, and other issues. Consumer analytics are offered to generate insights into preferences and behaviors that influence engagement. The SCIOMine suite is utilized for analytics, audit workflows, and reporting to facilitate informed decision-making by health managers.
- Headquarters West Hartford, United States
- Employees 1,683
- Founders Karthik Krishnaswami
- Stage Acquired
- SectorsHealthcareFinancial Services
- Website sciohealthanalytics.com
- Social LinkedIn X
- Acquired by EXL (May 2018)
- Legal Name Scioinspire Consulting Services (India) Private Limited
- Date of Incorporation 07 Nov, 2007
- Jurisdiction New Delhi, Delhi, India
- Indian entity revenue₹338 Cr
FY 2025 · +33% YoY
- Indian entity net profit₹30.68 Cr
FY 2025 · 9% margin
- Indian entity EBITDA₹47.90 Cr
FY 2025 · 14% margin
- Total Equity Funding$17.93M (USD)
in 3 rounds
- Latest Funding Round$2M (USD), Series B
Jan 2015
- InvestorsEXL
& 3 more
- Employee Count1,683
- Investments & AcquisitionsCVInfosys
& 2 more
- Acquired byEXL
(May 2018)
Associated legal entities of SCIO Health Analytics
SCIO Health Analytics operates through Scioinspire Consulting Services (India) Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Scioinspire Consulting Services (India) Private Limited CIN U74140DL2007PTC419518 | Active | 07 Nov 2007 | New Delhi, Delhi | ₹338 Cr | 1,683 | 4 | View details |
Funding Insights of SCIO Health Analytics
SCIO Health Analytics has successfully raised a total of $17.93M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $2 million completed in January 2015. 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 $17.93M
- Total Rounds 3
- Last Round Series B — $2M
- Investors Count 3
All 3 funding rounds of SCIO Health Analytics 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 2015 | $2M | Series B | – | – | – |
| Oct 2009 | $15.93M | Series B | – | – | – |
| May 2008 | Series A | – | – |
4 investors in total: 4 institutional.
Investors in SCIO Health Analytics
SCIO Health Analytics has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include EXL, SVB and Saama Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | ||
Venture capital investments and partnerships in diverse sectors. | 2012 | saama.vc | Bengaluru, India | |
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States | |
Analytics and digital solutions for healthcare and banking are provided. | 1999 | exlservice.com | New York, United States |
Investor details for SCIO Health Analytics
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Board of directors of Scioinspire Consulting Services (India) Private Limited (SCIO Health Analytics)
Scioinspire Consulting Services (India) Private Limited is the primary company behind SCIO Health Analytics. The board of Scioinspire Consulting Services (India) Private Limited currently have 4 directors; the longest-serving is Vikas Bhalla, appointed in 2018. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vikas Bhalla DIN 00552253 | Director | 01 Jul 2018 | 8 yrs 3 mo | Scioinspire Consulting Services (India) Private Limited |
| Baljinder Singh Sabharwal DIN 07074463 | Director | 24 Sep 2018 | 8 yrs 1 mo | Scioinspire Consulting Services (India) Private Limited |
| Bhavna Newle Chopra DIN 07094579 | Director | 17 May 2021 | 5 yrs 5 mo | Scioinspire Consulting Services (India) Private Limited |
| Sandeep Tibrewal DIN 10117773 | Director | 01 Jun 2023 | 3 yrs 4 mo | Scioinspire Consulting Services (India) Private Limited |
People of SCIO Health Analytics
1 people are tracked at SCIO Health Analytics (1 in leadership); the tracked headcount is 1,683.
| Name | Role | Group |
|---|---|---|
Karthik Krishnaswami | Co-Founder | Leadership |
Complete people profiles for SCIO Health Analytics
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Financials of SCIO Health Analytics
Figures of Scioinspire Consulting Services (India) Private Limited, the primary company behind SCIO Health Analytics, for FY 2025. Revenue was ₹338 Cr (+33% year on year). Net profit was ₹30.68 Cr (9% margin). EBITDA was ₹47.90 Cr (14% margin). Revenue has grown at a compounded annual rate of +34% over three years and +30% over five years.
- ₹338 CrRevenue · FY 2025 · +33% YoY
- ₹30.68 CrNet profit · 9% margin
- ₹47.90 CrEBITDA · 14% margin
- ₹49.9 LakhPaid-up capital
- 1,683Employees (provident fund records)
- +34%Revenue CAGR, 3 years
- +30%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Scioinspire Consulting Services (India) Private Limited are on its company page.
Detailed financial statements for SCIO Health Analytics
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Investments & Acquisitions by SCIO Health Analytics
SCIO Health Analytics has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CVInfosys, Data Intel and SOCRATES.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Medicare Advantage risk adjustment solutions are provided to health plans. | cvinfosys.com | Westlake Village, United States | 2006 | Jan 2016 | •••• | |
Business intelligence solutions for pharmaceutical sales and marketing are provided. | data-intel.net | Slough, United Kingdom | 2006 | Jan 2015 | •••• | |
Offers comprehensive HR management services to businesses. | socratesinc.com | Pittsburgh, United States | 1991 | Dec 2007 | •••• |
Complete acquisition details for SCIO Health Analytics
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Timeline of SCIO Health Analytics
7 dated milestones of SCIO Health Analytics across 11 years, from founding to its latest funding, stage changes and deals.
- Founded SCIO Health Analytics is founded.
- Acquisition Acquires SOCRATES.
- Funding First funding round.
- Acquisition Acquires Data Intel.
- Funding Latest funding round, Series B, of $2.0M.
- Acquisition Acquires CVInfosys.
- Exit Acquired by EXL.
Competitors of SCIO Health Analytics
SCIO Health Analytics has 3 listed competitors in our database, 3 of them funded. They include Functional Finance, InsurePay and Ascend.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| functionalfi.com | 2018 | Benton, United States | $28M | Online payment platform for insurance companies | ||
| insurepay.com | 2003 | Fort Lauderdale, United States | $5M | 17 | Cloud-based payroll integration is provided for insurance premium collection. | |
| useascend.com | 2021 | Palo Alto, United States | $35.5M | 39 | Online insurance payments and premium financing are enabled for businesses. |
Detailed competitors of SCIO Health Analytics
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Web traffic of SCIO Health Analytics
Websites that share an audience with SCIO Health Analytics (sciohealthanalytics.com).
Websites whose visitors overlap most with SCIO Health Analytics. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| indeed.com | 100% | 416.4M | #70 | View details | |
| glassdoor.com | 77% | 30.5M | #1,976 | View details | |
| infosyspublicservices.com | 76% | 680.7K | #2,203,457 | View details | |
| payscale.com | 60% | 973.9K | #53,139 | View details | |
| hepfund.com | 29% | 4K | #4,522,133 | View details |
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as SCIO Health Analytics (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Related news about Scio Health Analytics
Complete news archive for SCIO Health Analytics
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Frequently Asked Questions about SCIO Health Analytics
SCIO Health Analytics was founded in 2007 and raised its 1st funding round 1 year after it was founded.
SCIO Health Analytics is headquartered in West Hartford, United States. It is registered at West Hartford, Connecticut, United States.
SCIO Health Analytics is a funded company, having raised a total of $17.93M across 3 funding rounds to date.
SCIO Health Analytics has 1,683 employees.
The primary company behind SCIO Health Analytics, Scioinspire Consulting Services (India) Private Limited, reported revenue of ₹338 Cr for FY 2025, up 33% year on year.
Founded in 2007 and headquartered in West Hartford, United States, operations are focused on the healthcare sector. Payment integrity solutions are delivered to support organizations in identifying claims errors, overpayments, and other issues. Consumer analytics are offered to generate insights into preferences and behaviors that influence engagement. The SCIOMine suite is utilized for analytics, audit workflows, and reporting to facilitate informed decision-making by health managers.
SCIO Health Analytics's top competitors include Functional Finance, Ascend and InsurePay.
SCIO Health Analytics has made 3 acquisitions, including CVInfosys, Data Intel, and SOCRATES.
SCIO Health Analytics has 4 investors. Key investors include EXL, SVB, Saama Capital, and Sequoia Capital.
SCIO Health Analytics operates through Scioinspire Consulting Services (India) Private Limited.
Yes. SCIO Health Analytics was acquired by EXL in May 2018.
The legal entities of SCIO Health Analytics currently have 4 directors, including Vikas Bhalla, Bhavna Newle Chopra, Sandeep Tibrewal and others.