About Tonic Health
Tonic Health is a company based in Palo Alto (United States) founded in 2010 was acquired by Luma Health in November 2025. It operates as a SaaS (Software-as-a-Service). Tonic Health has raised $9.54 million across 6 funding rounds from investors including Luma Health, Hearst and SCI Solutions. Tonic Health offers products and services including Patient Intake & Check-In, eConsents, Patient Payments, Patient Screening, and Patient Satisfaction. Tonic Health operates in a competitive market with competitors including Navina, Epion Health, Digital Assent, ikHerstel and Phrazer, among others.
- Headquarter Palo Alto, United States
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Sectors
Healthcare
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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 R1 Rcm, Inc.
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Annual Revenue
$00as on Feb 26, 2014
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Net Profit
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EBITDA
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Total Equity Funding
$9.54 M (USD)
in 6 rounds
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Latest Funding Round
$6.41 M (USD), Series A
Jun 16, 2016
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Investors
Luma Health
& 2 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Tonic Health
Tonic Health offers a comprehensive portfolio of products and services, including Patient Intake & Check-In, eConsents, Patient Payments, Patient Screening, and Patient Satisfaction. 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.
A platform for mobile patient intake and check-in.
Manages consent forms across various healthcare settings.
Facilitates collection of co-pays and past balances.
Provides risk assessments and screeners for conditions.
Customizes post-visit surveys for real-time data collection.
Funding Insights of Tonic Health
Tonic Health has successfully raised a total of $9.54M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $6.41 million completed in June 2016. 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 Funding
- Total Rounds 6
- Last Round Series A — $6.4M
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First Round
First Round
(26 Jan 2012)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Series A - Tonic Health | Valuation |
investors |
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| Feb, 2014 | Amount | Series A - Tonic Health | Valuation | Hearst |
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| Feb, 2014 | Amount | Seed - Tonic Health | Valuation |
investors |
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| 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 |
Investors in Tonic Health
Tonic Health has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include Luma Health, Hearst and SCI Solutions. 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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Media conglomerate
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Founded Year | Domain | Location | |
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Provides patient access, and care coordination software
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Founded Year | Domain | Location | |
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Unfilled appointments are managed for healthcare providers through web-based tools.
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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 Tonic Health
| 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 |
Financial Statements - Tonic Health
| 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 |
Tonic Health Comparisons
Competitors of Tonic Health
Tonic Health 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 Navina, Epion Health, Digital Assent, ikHerstel and Phrazer, 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 |
Healthcare data is transformed into actionable patient portraits using AI.
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| domain | founded_year | HQ Location |
Cloud based platform for patient and care providers engagement
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| domain | founded_year | HQ Location |
Tablet-based solutions for patient engagement in healthcare are offered.
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| domain | founded_year | HQ Location |
Personalized recovery services are provided to post-surgery patients.
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| domain | founded_year | HQ Location |
Multilingual communication systems for healthcare patient interactions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Tonic Health
Frequently Asked Questions about Tonic Health
When was Tonic Health founded?
Tonic Health was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Where is Tonic Health located?
Tonic Health is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Tonic Health a funded company?
Tonic Health is a funded company, having raised a total of $9.54M across 6 funding rounds to date. The company's 1st funding round was a Seed of $28.78K, raised on Jan 26, 2012.
What does Tonic Health do?
Tonic Health, now part of R1 RCM, Inc., is focused on transforming the patient experience in healthcare. A mobile platform for patient intake, contactless check-in, and payments is offered. Solutions for eConsents, patient screening, satisfaction surveys, and reported outcomes are included. The healthcare sector is primarily served, with emphasis on large enterprise health systems. Integration with electronic health records (EHR) and compliance with HIPAA standards are ensured. Real-time data collection and reporting tools are provided to streamline patient interactions.
Who are the top competitors of Tonic Health?
Tonic Health's top competitors include Navina, Epion Health and Digital Assent.
What products or services does Tonic Health offer?
Tonic Health offers Patient Intake & Check-In, eConsents, Patient Payments, Patient Screening, and Patient Satisfaction.
Who are Tonic Health's investors?
Tonic Health has 3 investors. Key investors include Luma Health, Hearst, and SCI Solutions.