About Verscend
Verscend is a company based in Waltham (United States) founded in 1996 was acquired by Veritas Capital in April 2016.. Verscend has raised $15 million across 1 funding round from investors including Veritas Capital and ISO. Verscend has completed 2 acquisitions, including Cotiviti and HealthCare Insight. Verscend offers products and services including Payment Accuracy, Risk Adjustment, Quality and Performance, and Consumer Engagement. Verscend operates in a competitive market with competitors including Ribbon Health, Prognos Health, PurpleLab, Madaket Health and PrecisionGx, among others.
- Headquarter Waltham, 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 Cotiviti, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15 M (USD)
in 1 rounds
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Latest Funding Round
$15 M (USD), Series B
Jul 16, 2006
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Investors
Veritas Capital
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Cotiviti
& 1 more
- Acquired by
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Products & Services of Verscend
Verscend offers a comprehensive portfolio of products and services, including Payment Accuracy, Risk Adjustment, Quality and Performance, and Consumer Engagement. 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.
Tools for accurate claim validation and payment integrity.
Solutions for ensuring proper reimbursement through data analysis.
Services to improve clinical and financial performance metrics.
Platforms for driving member actions and health outcomes.
Funding Insights of Verscend
Verscend has successfully raised a total of $15M through 1 strategic funding round. The most recent funding activity was a Series B round of $15 million completed in July 2006. 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 1
- Last Round Series B — $15.0M
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First Round
First Round
(16 Jul 2006)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2006 | Amount | Series B - Verscend | 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 Verscend
Verscend has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Veritas Capital and ISO. 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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Technology enterprises are targeted for private equity investments.
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Founded Year | Domain | Location | |
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International standards are developed and coordinated worldwide.
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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 Verscend
Verscend has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Cotiviti and HealthCare Insight. 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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SaaS software detects and prevents healthcare fraud, abuse, and overpayments.
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1997 | ||||
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Analytics-driven payment accuracy solutions for healthcare payers are provided.
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1979 |
| 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 - Verscend
| 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 |
Verscend Comparisons
Competitors of Verscend
Verscend 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 Ribbon Health, Prognos Health, PurpleLab, Madaket Health and PrecisionGx, 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 |
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| domain | founded_year | HQ Location |
Predictive analytics platform is provided for healthcare providers.
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| domain | founded_year | HQ Location |
AI-based platform for clinical data sharing and management is provided.
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| domain | founded_year | HQ Location |
Healthcare analytics solutions for healthcare stakeholders
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| domain | founded_year | HQ Location |
Data management software is provided for healthcare administration tasks.
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| domain | founded_year | HQ Location |
AI-based health plan analytics solutions for health insurers
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| domain | founded_year | HQ Location |
Cloud-based cost containment solutions are delivered to healthcare providers.
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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 Verscend
Frequently Asked Questions about Verscend
When was Verscend founded?
Verscend was founded in 1996 and raised its 1st funding round 10 years after it was founded.
Where is Verscend located?
Verscend is headquartered in Waltham, United States. It is registered at Waltham, Massachusetts, United States.
Who is the current CEO of Verscend?
Emad Rizk is the current CEO of Verscend.
Is Verscend a funded company?
Verscend is a funded company, having raised a total of $15M across 1 funding round to date. The company's 1st funding round was a Series B of $15M, raised on Jul 16, 2006.
What does Verscend do?
Verscend was founded in 1996 and is based in Waltham, United States. Healthcare data analytics solutions are offered, including population health analytics with DxCG Intelligence for risk adjustment and predictive modeling. Payment accuracy services encompass cost containment, online fraud monitoring, Medicare and commercial risk adjustment, and quality improvement for HEDIS compliance. Medical record retrieval and abstraction solutions are also provided to support payers.
Who are the top competitors of Verscend?
Verscend's top competitors include Ribbon Health, Prognos Health and PurpleLab.
What products or services does Verscend offer?
Verscend offers Payment Accuracy, Risk Adjustment, Quality and Performance, and Consumer Engagement.
How many acquisitions has Verscend made?
Verscend has made 2 acquisitions, including Cotiviti, and HealthCare Insight.
Who are Verscend's investors?
Verscend has 2 investors. Key investors include Veritas Capital, and ISO.
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