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remedinet.com

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Founded Year

2006

Stage

Seed VC - III | Alive

About Remedinet Technologies

Remedinet Technologies developed a web-based platform to transact preauthorizations and claims electronically between Providers and Payers, and also a complete software suite for insurers as well as other Payers to manage community and government health schemes.

Remedinet Technologies Headquarter Location

251, 43rd Cross, 9th Main, 5th Block Jayanagar

Bengaluru, 560 011,

India

+91 080 67722900

Latest Remedinet Technologies News

Rakesh Jhunjhunwala invests in VCs-controlled e-payments firm Remedinet

Jul 23, 2014

| 0 Comments Bangalore-based Remedinet Technologies Pvt Ltd, a company that provides pre-authorised e-payments platform to insurance companies & hospitals, has secured an undisclosed amount in funding from ace private investor Rakesh Jhunjhunwala’s Rare Enterprises, with participations from existing investors Bessemer Venture Partners and Nirvana Venture Advisors. “The capital raised will be used for geographic expansion and product development,” Munish Daga, director and CEO of Remedinet told Techcircle.in. The development was first  reported  by The Economic Times. Last year, Bessemer and Nirvana had acquired 100 per stake in Remedinet for an undisclosed sum. Remedinet (earlier HealthSprint Networks) was founded in 2006 by the trio of Brahmesh Jain, Rahul Shukla and P Rammohan. Jain is a serial entrepreneur and angel investor, who had previously founded companies including Commerzpoint Networks and MedVerve. Shukla is a B Tech in Electrical Engineering from IIT Kanpur and had previously worked at HP Labs India. Rammohan had earlier worked at Siemens, Philips and GE Medical Systems. Remedinet has developed a web-based platform to transact pre-authorisations and claims electronically between providers and payers. Its products include electronic preauthorization manager (EPM), electronic claims manager (ECM) and electronic discharge manager (EDM), which enables providers and payers to use an electronic data interchange (EDI) technology to exchange information electronically to manage the entire cashless claims process. Additionally, it has developed Remediware, a suite of applications for payers that can be deployed by insurers, community health/micro-insurance service providers and government-run health schemes in India and abroad. Remedinet claims that its payer-provider network, Remedinet.com, is servicing over 200 providers and eight payers. The company’s clients include Fortis Healthcare, Vasan Eye Care, ICICI Lombard, Max Bupa and MediAssist.

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Expert Collections containing Remedinet Technologies

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Remedinet Technologies is included in 3 Expert Collections, including InsurTech.

I

InsurTech

1,644 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

F

Fintech

3,161 items

H

Health Plans & Benefits Management

698 items

Companies developing or offering digital platforms and services, including online insurance marketplaces, data analytics for claims adjustment, benefits administration, and payments systems, that help make private health insurance more affordable, navigable, or transparent.

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