Company profile: Ability Network
1.1 - Company Overview
Company description
- Provider of CMS-approved, secure Medicare and all-payer online access for claims processing and reimbursement, and the Inovalon Provider CloudβSaaS solutions for revenue cycle and claims management, patient payments, and workforce managementβplus eligibility verification (all payers and Medicare), real-time FISS connectivity, workforce intelligence, and agency management for scheduling and staffing.
Products and services
- Inovalon Provider Cloud: SaaS-based analytics suite that architects advanced insights for revenue cycle management, claims management, patient payment, and workforce management across healthcare organizations
- Direct Data Entry Verification: Web-based module delivering secure, real-time connectivity to the Medicare Fiscal Intermediary Standard System (FISS) for streamlined claims processing
- Eligibility Workflow: All-payer verification platform that manages eligibility checks for all payers, streamlining patient access processes and billing workflows across healthcare providers
Key contacts
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Financial details
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1.2 - Competitors and similar companies to Ability Network
Mitra Solutions
HQ: Switzerland
Website
- Description: Provider of an insurance claim management platform for insurers, offering claim-handling services and domain-specific automation from damage reports to coverage checks and claims calculations, contract analysis and data collection, plus Dynamic FNOL and Automated Cover Check, vendor and order management for insurers, property managers and leasing companies, a Property & Trades Hub, and a Mobility Hub.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Flexible Benefit Service
HQ: United States
Website
- Description: Provider of health insurance and benefits administration solutions, including user-friendly employee benefit programs for employees and employers; compliance services; consumer-driven health plans pairing HRAs and HSAs with underlying medical plans; customizable HRAs (Integrated, Dental/Vision, Qualified Small Employer, Retiree, and Excepted Benefit); HSAs; and commuter accounts for tax-free transportation and parking expenses.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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Franke und Bornberg
HQ: Germany
Website
- Description: Provider of an insurance software suite for insurers, consultants, and intermediaries, including consultation services.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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SCM Insurance Services
HQ: Canada
Website
- Description: Provider of comprehensive insurance solutions specializing in accident benefits, agriculture, automobile, bodily injury, casualty, environmental impairment, fire, fidelity, liability, manufacturing and industrial. Services include technology-driven claims management, risk mitigation and investigation, engineering and environmental consultation, third-party administration, and property damage assessment and audit.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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miEdge
HQ: United States
Website
- Description: Provider of prospecting and data solutions for the insurance industry, supporting Employee Benefits, Property & Casualty, and Financial professionals, as well as top US brokers and carriers, with accurate data to power prospecting intelligence, lead identification, and competitor research.
- Rationale: This competitor operates in a highly similar market segment with overlapping features.
- Company type: Private company
- Employees: βββββ
- Total funding raised: $βββm
- Backers: ββββββββββ
- Acquisitions: ββ
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2.M&A buyers
2.1 Potential strategic acquirers in the sector
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2.2 - Strategic buyer groups for Ability Network
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Buyer group 2: ββββββββ ββββββββ
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Buyer group 3: ββββββββ ββββββββ
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3. Investors and private equity firms
3.1 - Buyout funds investing in similar companies to Ability Network
2.2 - Growth funds investing in similar companies to Ability Network
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4 - Top valuation comps for Ability Network
4.2 - Public trading comparable groups for Ability Network
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