PrecisionGx logo — Acquired by Trend Health Partners - Automating payment integ...

PrecisionGx

Acquired by Trend Health Partners - Automating payment integrity for health insurers using claims data native AI Tech

Founded 2015 United States Philadelphia, United States 8 employees Series A Insurtech, Health insurance

General Information

Company Name PrecisionGx
Founded Year 2015
Location United States Philadelphia, United States
Employees 8
Industries Insurtech, Health insurance
Funding Stage Series A
Social

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About PrecisionGx

PrecisionGx is an insurtech startup based in the United States that focuses on automating payment and premium integrity for health insurance companies through the utilization of claims data native AI technology. Acquired by TREND Health Partners, it is no longer hiring, as any job postings or messages claiming to be from PrecisionG are not legitimate. The company offers an automated claims intelligence solution for healthcare payers, including insurers and prescription assistance programs, aiming to identify and recover the $300B in overpaid, incorrect, or fraudulent payments in the U.S. Through its claims intelligence engine, PrecisionGx can identify 30% more in recoverable payments, creating automations for their customers across coordination, coding, duplication, and other payment issues that are traditionally handled manually. This enables the company to outperform legacy vendors in payment recoveries and create transformative, AI-enabled prevention for the 75% of incorrect payments that existing vendors can't address today. The last known investment was a Series A investment on 07 June 2022, with Commerce Ventures and FCA Venture Partners participating as the investors.

Taxonomy: Claims data analysis, Health insurance industry, Payment integrity, Automated solutions, Fraud detection, Recovery solutions, Data automation, Payer solutions, Healthcare finance, Data intelligence, Payment processing, Fraud prevention, Data-driven insights

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Series A Undisclosed 2
Commerce Ventures, FCA Venture Partners
07 Jun 2022

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FAQ About PrecisionGx

Acquired by Trend Health Partners - Automating payment integrity for health insurers using claims data native AI Tech
PrecisionGx was founded in 2015.
PrecisionGx is headquartered in Philadelphia, United States.
PrecisionGx operates in Insurtech and Health insurance. Its work centres on Claims data analysis, Health insurance industry, Payment integrity and Automated solutions.
PrecisionGx has approximately 8 employees.
PrecisionGx has completed 1 funding round. The latest funding stage is Series A.
Top alternatives and competitors to PrecisionGx include Curacel, Sprout.ai, Codoxo, hi.health, Brella Insurance. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
PrecisionGx and Curacel 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 PrecisionGx, https://bouncewatch.com/company/precisiongx, updated 10 October 2024. When citing, please name BounceWatch and link this page.

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