What is HealthEdge?
Established in 2005 and headquartered in Burlington, Massachusetts, HealthEdge provides a comprehensive, integrated platform encompassing financial, administrative, and clinical functionalities tailored for health insurers. The company's software solutions are designed to streamline operations, enhance member management, and improve overall efficiency within the complex healthcare ecosystem. HealthEdge's focus on delivering a unified system addresses critical industry needs for interoperability and data management, positioning it as a key player in health tech.
How much funding has HealthEdge raised?
HealthEdge has raised a total of $105.8M across 9 funding rounds:
Private Equity
$13M
Private Equity
$3.5M
Debt
$3.5M
Private Equity
$974K
Debt
$17.5M
Private Equity
$1.5M
Private Equity
$30M
Debt
$1.8M
Private Equity
$34M
Private Equity (2008): $13M with participation from Psilos Group Managers, LLC.
Private Equity (2009): $3.5M, investors not publicly disclosed
Debt (2010): $3.5M, investors not publicly disclosed
Private Equity (2010): $974K, investors not publicly disclosed
Debt (2013): $17.5M backed by Fifth Street Technology Partners and Silicon Valley Bank
Private Equity (2013): $1.5M, investors not publicly disclosed
Private Equity (2014): $30M led by Psilos Group
Debt (2015): $1.8M, investors not publicly disclosed
Private Equity (2017): $34M featuring Medica
Key Investors in HealthEdge
Medica
Medica is a non-profit health insurance company based in Minnetonka, Minnesota, offering a range of health plans for employers, individuals, families, and Medicare beneficiaries. Their investment in HealthEdge suggests a strategic alignment with technology solutions that enhance health insurance operations.
Psilos Group
Psilos Group Managers, LLC is a healthcare-focused investment firm specializing in venture and growth capital for companies within the healthcare economy. Their investment in HealthEdge highlights a commitment to innovative health information technology that aims to reduce costs and improve quality.
Fifth Street Technology Partners
Fifth Street Technology Partners, part of Fifth Street Asset Management, provides asset management services with a focus on technology companies. Their participation in HealthEdge's funding round indicates a belief in the company's technological capabilities and market potential within the health insurance sector.
What's next for HealthEdge?
The recent major strategic investment signals a new phase of growth and potential expansion for HealthEdge. This capital infusion is likely to fuel further product development, enhance its market reach, and potentially support strategic acquisitions. As the healthcare industry continues its digital transformation, HealthEdge is well-positioned to leverage this backing to solidify its leadership in providing essential technology solutions for health insurance providers, aiming to drive innovation and operational excellence.
See full HealthEdge company page
