About Ribbon Health
Ribbon Health offers a data platform that provides accurate information about healthcare providers, including accepted insurances, costs, and quality. This platform helps clients like health plans and care navigators improve operational efficiencies and patient experiences by automating the collection of provider data from thousands of sources. Unlike traditional methods, Ribbon Health's automated solution allows for quicker access to reliable data, saving clients time and money. The company aims to build long-term partnerships with its clients by offering dedicated support and operates on a subscription or service-based revenue model.
New York City, New YorkHeadquarters
2016Year Founded
$55.7MTotal Funding
SERIES_BCompany Stage
Data & Analytics, HealthcareIndustries
51-200Employees
Benefits
Fully sponsored medical, dental, and vision plan coverage
Unlimited paid time off and flexible hours
One Medical membership and mental health support
Commuter support and CitiBike membership
Inclusive environment and activities to connect outside the office
401k sponsorship
Risks
Integration challenges with H1 could disrupt service delivery.
H1 acquisition may shift strategic priorities, affecting Ribbon Health's focus.
Increased competition from other platforms like Turquoise Health could erode market share.
Differentiation
Ribbon Health offers a first-of-its-kind provider data platform.
The platform integrates data from thousands of sources for comprehensive provider information.
Ribbon Health's platform reduces data processing costs by up to 95%.
Upsides
Increased demand for healthcare data platforms due to telehealth growth.
Growing importance of data interoperability boosts Ribbon Health's platform relevance.
Regulatory push for price transparency creates opportunities for Ribbon Health.
Funding
Total raised$55.69 M
Latest valuation$217.50 M
StageSERIES_B
SERIES B
10/31/2021$44
$217.50 MSERIES A
1/31/2020$10
$51.25 M