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deNovis logo — Powering healthcare administration with innovative solutions...

deNovis

Powering healthcare administration with innovative solutions for streamlined efficiency and superior customer service.

Founded 1999 Series C Total: $97.80M E-Commerce, Enterprise Software +3

General Information

Company Name deNovis
Founded Year 1999
Industries E-Commerce, Enterprise Software, Financial Services +2
Funding Stage Series C
Social

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About deNovis

deNovis is a leading provider of transaction processing and information management solutions tailored for the health insurance and health care benefits administration industry. The company's flagship software, eHD™, serves as the central administrative platform for health plans, catering to the needs of commercial, Medicare, and Medicaid healthcare benefits administrators. Notably, deNovis's HICL™ technology allows for the programming of complex healthcare transaction systems using English language commands and actual health plan policies and business rules. The company's clientele comprises major commercial insurers and the U.S. Department of Health and Human Services, which is the largest healthcare purchaser nationwide, providing benefits to nearly 80 million Americans. deNovis has strategic alliances with IBM Corporation and Deloitte Consulting, enhancing its industry influence and reach. Founded in 1999, deNovis received a significant $22.00M Series C investment on January 12, 2004, with participation from several prominent investors including Pelion Venture Partners, 3i Group, Advanced Technology Ventures, Audax Group, and Psilos Group. The company's solutions can be installed on-site at customer locations or offered through outsourced or remote-hosted services. Based in Lexington, Massachusetts, deNovis continues to drive innovation in healthcare administration, focusing on efficiency and customer service within the industry.

Business keywords: Healthcare Administration, Health Insurance, Healthcare Benefits, Claims Processing, Transaction Processing, Information Management Solutions, eHD Software, HICL Technology, Commercial Insurers, Medicare, Medicaid, Strategic Alliances, Outsourced Services, Remote-Hosted Solutions

Funding Rounds & Investors (3)

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Funding Stage Amount Investors Lead Investors Date
Series C $22.00M 5
Pelion Venture Partners 3i Group Advanced Technology Ventures
Pelion Venture Partners, 3i Group +3
12 Jan 2004
Series B $43.80M 5
Bain Capital 3i Group Advanced Technology Ventures
Bain Capital, 3i Group +3
16 Oct 2001
Series A $32.00M -
25 Sep 2000

deNovis Alternatives & Competitors

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deNovis vs
WellSense Health Plan
WellSense Health Plan United States

A health plan that works for you.

904 employees
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deNovis vs
Yuzu
Yuzu United States

Create your own health plan

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deNovis vs
Bernard Health
Bernard Health United States

Solving healthcare and HR challenges

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28 employees
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Compare deNovis vs Bernard Health
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FAQ About deNovis

Powering healthcare administration with innovative solutions for streamlined efficiency and superior customer service.
deNovis was founded in 1999.
deNovis operates in E-Commerce, Enterprise Software, Financial Services, Health Care and Health insurance. Its work centres on Healthcare Administration, Health Insurance, Healthcare Benefits and Claims Processing.
deNovis has completed 3 funding rounds, raising a total of $97.80M. The latest funding stage is Series C.
Top alternatives and competitors to deNovis include WellSense Health Plan, Yuzu, Bernard Health, Health Net Federal Services, FHPL - Family Health Plan Insurance TPA Limited. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
deNovis and WellSense Health Plan are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for deNovis, https://bouncewatch.com/company/denovis, updated 27 December 2024. When citing, please name BounceWatch and link this page.

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