How Much Did Altruis Raise?
Funding & Key Investors

Altruis, a provider of specialized medical billing and revenue cycle management services, has secured significant enterprise-level funding, with its total capital raised standing at $900K. The company recently announced a major strategic investment, bringing in $550K in new financing. This latest capital infusion underscores the growing demand for efficient financial solutions within the healthcare sector, particularly for community-based providers.

What is Altruis?

Altruis
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Altruis focuses on delivering tailored revenue cycle management and medical billing solutions to behavioral health organizations, Federally Qualified Health Centers (FQHCs), and similar community healthcare entities. Leveraging over two decades of industry experience, Altruis aims to optimize the financial performance of its clients by managing critical administrative functions such as medical credentialing, coding, and accounts receivable. This allows healthcare providers to dedicate more resources to patient care while ensuring maximum revenue capture through transparent and cost-effective billing practices.

How much funding has Altruis raised?

Altruis has raised a total of $900K across 2 funding rounds:

2020

Debt

$350K

2021

Debt

$550K

Debt (2020): $350K with participation from PPP

Debt (2021): $550K led by PPP

Key Investors in Altruis

PPP

Public-Private Partnership

PPP

Public-Private Partnership

What's next for Altruis?

The substantial enterprise-level backing indicates Altruis is poised for significant expansion and further development of its service offerings. This strategic investment will likely fuel enhancements in technology infrastructure, broader market penetration, and potentially the acquisition of complementary businesses. Altruis's focus on specialized healthcare segments positions it to capitalize on the increasing complexity of healthcare reimbursement and compliance, suggesting a trajectory of sustained growth and market leadership in revenue cycle optimization.

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Frequently Asked Questions Regarding Altruis Financial Insights

What are the most recent funding rounds that Altruis has completed, and what were the funding rounds?
Altruis has recently completed 2 funding rounds: Debt on Mar 6, 2021, Debt on Apr 5, 2020.
What is the total amount of funding Altruis has raised to date?
Altruis has raised a total of $900K in funding to date.
How many funding rounds has Altruis completed?
Altruis has completed 2 funding rounds.
How much funding did Altruis raise in its most recent funding round?
Altruis raised $550K in its most recent funding round.
Who are the lead investors in Altruis's latest funding round?
The lead investor in Altruis's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Altruis's history?
The largest funding round in Altruis's history was $550K.
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