About HiLabs
HiLabs focuses on improving healthcare by transforming unstructured and often inaccurate data into valuable insights for health insurance providers. Their data analytics solutions help health plans enhance member experiences and increase operational efficiency. HiLabs works by converting raw data into actionable information, which allows clients to make informed decisions quickly. Unlike many competitors, HiLabs emphasizes immediate returns on their analytics services, which they refer to as Return On Intelligence (ROI). The company generates revenue through subscription-based services and tailored data solutions, aiming to address the critical need for accurate data in the healthcare sector.
Baltimore, MarylandHeadquarters
2014Year Founded
$37.9MTotal Funding
SERIES_BCompany Stage
Data & Analytics, HealthcareIndustries
201-500Employees
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Paid Vacation
Employee Stock Purchase Plan
Flexible Work Hours
Risks
Emerging AI-driven startups could threaten HiLabs' market share.
Rapid AI evolution may require HiLabs to invest heavily in R&D.
Potential regulatory changes in data privacy laws could impact HiLabs' operations.
Differentiation
HiLabs specializes in AI-powered data cleansing for healthcare organizations.
The company offers subscription-based services for customized data solutions.
HiLabs focuses on improving provider data accuracy and operational efficiency.
Upsides
HiLabs raised $39 million in Series B funding for expansion and product development.
Partnership with CAQH enhances HiLabs' market position in provider data solutions.
Recognition in Gartner Hype Cycle highlights HiLabs' innovation in healthcare data management.
Funding
Total raised$37.94 M
Latest valuation$195.00 M
StageSERIES_B
SERIES B
2/29/2024$39
$195.00 M