# Health Fidelity

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/health-fidelity

- Industry: Healthcare IT
- Headquarters: San Mateo, US
- Website: www.healthfidelity.com
- Latest round: Series A (Feb 9, 2012)
- Investors on record: 1

## About

Health Fidelity, Inc. offers advanced healthcare technology solutions focused on optimizing clinical data management and utilization, thereby enhancing healthcare coding accuracy and reimbursement processes for providers and payers.Founded in 2011 and headquartered in San Mateo, California, Health Fidelity, Inc. specializes in healthcare technology solutions. The company has undergone strategic changes and has engaged in 5 deals since inception, with its most recent funding round being VENTURE DEBT in November 2021, raising USD 5.50 mn from CIBC Innovation Banking. The total capital raised by the company amounts to USD 19.26 mn. Steve Whitehurst serves as the CEO.Health Fidelity specializes in advanced healthcare technology solutions aimed at optimizing the management and utilization of clinical data. Their core product offerings include a suite of analytics and risk adjustment tools that enhance the accuracy of healthcare coding and reimbursements. These solutions are designed to address specific challenges faced by healthcare providers, payers, and organizations engaged in value-based care, facilitating improved patient outcomes and operational efficiencies. Health Fidelity’s products are tailored for a diverse client base that includes hospitals, health systems, and insurance companies, primarily operating in the United States market. With a focus on integrating seamlessly into existing healthcare workflows, the company’s offerings empower end users to make informed decisions based on comprehensive data insights.Health Fidelity generates revenue through a subscription model, offering its flagship products to clients on an annual basis. The transaction structure typically involves partnerships with healthcare providers and payers, allowing for a direct-to-consumer approach while also enabling B2B engagements. Clients can access various pricing plans that correspond to the specific products and services utilized, with costs reflecting the scale and complexity of the solutions deployed. By leveraging a combination of data analytics and risk adjustment features, the company enhances its revenue potential through ongoing client engagement and support services. This structured approach fosters long-term relationships with clients, ensuring consistent revenue streams linked to the adoption and usage of their technology solutions.In November 2021, Edifecs, Inc., a portfolio company of Francisco Partners and TA Associates, agreed to acquire Health Fidelity, Inc. from Charter Life Sciences, CIBC Innovation Banking, and UPMC Health Plan, Inc. The recent funding round will support initiatives aimed at expanding into new markets and enhancing product offerings, although specific details on upcoming products or geographic targets have not been disclosed.

## Funding rounds

- Series A, Feb 9, 2012 — Charter Life Sciences

## Investors

- Charter Life Sciences (https://capitalatlas.ai/funds/charter-life-sciences) — Series A