PrecisionGx

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

General Information
Company Name
PrecisionGx
Founded Year
2015
Location (Offices)
Philadelphia, United States +1
Founders / Decision Makers
Number of Employees
8
Industries
Insurtech, Health insurance
Funding Stage
Series A
Social Media

PrecisionGx - Company Profile

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 of PrecisionGx (1)

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Funding Stage Amount No. Investors Investors Date
Series A Unknown 2 07 Jun 2022

Latest News of PrecisionGx

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No recent news or press coverage available for PrecisionGx.

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