CoPatient
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CoPatient - overview
Established
2012
Location
Boston, MA, US
Primary Industry
Healthcare IT
About
CoPatient is a healthcare technology company focused on providing Payment Integrity Solutions to improve billing accuracy and enhance collections for healthcare providers and insurers. Founded in 2012, CoPatient is headquartered in Boston, US. The company specializes in payment integrity solutions, identifying billing errors and discrepancies. In June 2014, CoPatient raised USD 3.
6 mn in Series A funding, led by . 406 Ventures, with participation from Cambia Health Solutions. The founders, Akshay Gupta and Daniel Lyakovetsky, have experience in healthcare technology and entrepreneurship. CoPatient specializes in Payment Integrity Solutions, offering a suite of services aimed at streamlining healthcare billing processes and enhancing payment collection accuracy.
Their core product focuses on identifying billing errors, resulting in significant cost savings for healthcare providers and insurers. The company addresses the complexities of healthcare billing through innovative technology and data analytics, serving various clients including healthcare providers, payers, and patients across the United States. CoPatient generates revenue through partnerships and service agreements with clients, primarily operating on a B2B model. Revenue comes from service fees related to their Payment Integrity Solutions, which may include subscription-based services and transactional fees for successful billing error identifications.
This model fosters ongoing support for healthcare organizations in managing their billing processes, leading to recurring revenue from service agreements tailored to client needs. Following the Series A funding of USD 3. 6 mn raised on June 25, 2014, CoPatient is focused on developing new products to enhance their service offerings. They plan to expand their market presence in the United States, specifically targeting regions with high healthcare billing complexities.
The funding will be utilized to support these initiatives, allowing CoPatient to innovate and optimize their solutions to meet client demands.
Current Investors
.406 Ventures, Cambia Health Solutions
Primary Industry
Healthcare IT
Sub Industries
e-Financial, Healthcare IT, Web Applications, Medical Software
Website
www.copatient.com
Company Stage
Series A
Total Amount Raised
Subscriber access only
CoPatient - employee data
CoPatient - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chief Executive Officer | BM |
BM Board Member
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