What is HealthEdge?
Headquartered in Burlington, Massachusetts, and established in 2005, HealthEdge provides a comprehensive software suite that integrates financial, administrative, and clinical operations for health insurers. By streamlining these core functions, the company enables payers to improve operational efficiency, reduce administrative costs, and enhance the quality of care delivery. As a key innovator in the health-tech space, HealthEdge occupies a vital position in the digital transformation of the insurance industry, offering a unified platform that aligns incentives across the payer-provider-patient ecosystem.
How much funding has HealthEdge raised?
HealthEdge has raised a total of $105.8M across 9 funding rounds:
Private Equity
$13M
Private Equity
$3.5M
Debt
$3.5M
Private Equity
$974K
Debt
$17.5M
Private Equity
$1.5M
Private Equity
$30M
Debt
$1.8M
Private Equity
$34M
Private Equity (2008): $13M with participation from Psilos Group Managers, LLC.
Private Equity (2009): $3.5M, investors not publicly disclosed
Debt (2010): $3.5M, investors not publicly disclosed
Private Equity (2010): $974K, investors not publicly disclosed
Debt (2013): $17.5M backed by Silicon Valley Bank and Fifth Street Technology Partners
Private Equity (2013): $1.5M, investors not publicly disclosed
Private Equity (2014): $30M led by Psilos Group
Debt (2015): $1.8M, investors not publicly disclosed
Private Equity (2017): $34M featuring Medica
Key Investors in HealthEdge
Psilos Group
A healthcare-focused investment firm that provides venture and growth capital to companies aiming to reduce costs and improve quality within the healthcare economy.
Medica
A non-profit health insurance organization that provides employer-provided, individual, and family health plans, bringing deep industry expertise to its investment strategy.
Silicon Valley Bank
A specialized financial institution offering commercial banking, asset management, and investment services tailored to the needs of the technology and life science sectors.
What's next for HealthEdge?
With the infusion of $34M, HealthEdge is well-positioned to accelerate its product development and expand its market footprint. The company's focus on enterprise-level solutions suggests a strategic shift toward deeper integration with large-scale health plans and government-sponsored programs. By leveraging its established reputation and robust capital base, HealthEdge is poised to drive further innovation in healthcare information technology, focusing on interoperability and data-driven decision-making to meet the evolving demands of the healthcare sector.
See full HealthEdge company page
