ABILITY - About the company
ABILITY is an acquired company based in Minneapolis (United States), founded in 2000. It operates as an Insurance claims and revenue cycle management solutions insurance industry and healthcare provider. ABILITY has raised $32.7M in funding from Bain Capital Ventures and Transformation Capital. The company has 729 active competitors, including 108 funded and 95 that have exited. Its top competitors include companies like FintechOS, Bestow and iPipeline.
Company Details
Insurance claims and revenue cycle management solutions insurance industry and healthcare. It provides financial clearance solutions to capture revenue and minimize the risk for both providers and payers. It also offers medicare claims, remittance, revenue cycle management, performance benchmarking, and analytics.
- Website
- abilitynetwork.com
- Social
- Email ID
- *****@abilitynetwork.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2000
Location
Minneapolis, United States
Stage
Acquired
Total Funding
$32.7M in 5 rounds
Latest Funding Round
Investors
Ranked
51st among 729 active competitors
Employee Count
171 as on Mar 31, 2026
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Inovalon (Mar 07, 2018)
Legal entities associated with ABILITY
ABILITY is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
ABILITY NETWORK INC CIN: 411973195 , United States, Active | Dec 31, 1999 | - | 424 (As on Dec 31, 2018) | - |
ABILITY's acquisition details
Click here to take a look at ABILITY's acquisition in detail
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ABILITY's funding and investors
ABILITY has raised a total funding of $32.7M over 5 rounds. ABILITY has 9 institutional investors.
Here is the list of recent funding rounds of ABILITY:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 14, 2017 | 9594295 | Conventional Debt | 6769996 | 1988260 | 4761948 | 7050150 |
Apr 10, 2012 | 3948993 | Series B | 2808018 | 1873262 | 2575974 | |
2011 | 6048 | Series B | 9016 | 1167 | 7037 |
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ABILITY's founders and board of directors
Founder? Claim ProfileABILITY's employee count trend
ABILITY has 171 employees as of Mar 26. Here is ABILITY's employee count trend over the years:
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ABILITY's Competitors and alternates
Top competitors of ABILITY include FintechOS, Bestow and iPipeline. Here is the list of Top 10 competitors of ABILITY, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  FintechOS 2017, London (United Kingdom), Series B | Provider of AI-based software suite for the banking and insurance industry | $146M | 68/100 | |
2nd | Bestow 2016, Dallas (United States), Series D | Developer of life insurance new business and administration software platform solutions | $216M | 68/100 | |
3rd | iPipeline 1995, Exton (United States), Acquired | Cloud-based software suite for life insurance and financial services industry | $104M | 66/100 | |
4th | Cloud-based software solutions for credit insurers, surety bonds & trade finance | $147M | 65/100 | ||
5th | Bravura Solutions 2004, Edinburgh (United Kingdom), Acquired | Software solutions for life insurance and wealth management | $28.4M | 64/100 | |
6th | FurtherAI 2023, San Francisco (United States), Series A | AI-powered automation platform for insurance industry tasks | $35.6M | 64/100 | |
7th |  Socotra 2014, San Francisco (United States), Series C | Cloud-based policy management and underwriting solutions for the insurance industry | $98M | 63/100 | |
8th | Provider of software, data, analytics, and related services for financial institutions | - | 63/100 | ||
9th | Gradient 2018, Boston (United States), Series C | AI-based claims automation and auditing solutions for the insurance industry | $89.7M | 63/100 | |
10th | Insurance policy administration and compliance solutions for the insurance industry | - | 63/100 | ||
51st |  ABILITY 2000, Minneapolis (United States), Acquired | Insurance claims and revenue cycle management solutions insurance industry and healthcare provider | $32.7M | 50/100 |
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ABILITY's Investments and acquisitions
ABILITY has not made any investments yet. ABILITY has made 7 acquisitions.Here is the list of latest three $acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Apr 04, 2016 | Acquisition | 2001 | Cleveland (United States) | |
Apr 04, 2016 | Acquisition | 2001 | Yellow Springs (United States) | |
Feb 25, 2016 | Acquisition | 2000 | Tulsa (United States) |
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Reports related to ABILITY
Here is the latest report on ABILITY's sector:
News related to ABILITY
Filter this list•
DaySmart Software Appoints John Agostino as Chief Financial OfficerBusiness Wire•Sep 01, 2020•DaySmart, ABILITY
•
ABILITY Network Announces Integrated Workflow Collaboration with PracticeSuiteGlobeNewswire•Mar 17, 2020•ABILITY, PracticeSuite
•
Cantata Health Announces Preferred Partnership with ABILITY NetworkPRWeb•Jun 19, 2019•Cantata Health, ABILITY
•
Sandata and ABILITY Network Expand Partnership to Streamline the Management of Client PaymentsPR Newswire•Dec 05, 2018•Sandata, ABILITY
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Inovalon’s $1.2 Billion Acquisition of ABILITY NetworkGlobal Legal Chronicle•Apr 17, 2018•Inovalon, ABILITY
•
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Inovalon to Acquire ABILITY Network for $1.2B to Create Vertically Integrated Cloud-Based PlatformHIT Consultant•Mar 07, 2018•Inovalon, ABILITY, Summit Partners, Fortra
•
Hands On Technology, Inc. Partners with ABILITY Network to Help Physical Therapy Providers Simplify Revenue Cycle ManagementGlobeNewswire•Feb 20, 2018•ABILITY, TheraOffice
•
Gunnison Valley Health Significantly Improves Revenue Cycle Time with ABILITY | EASE All-PayerGlobeNewswire•Dec 20, 2017•ABILITY
•
ABILITY Network Successfully Raises $545 Million of Debt FinancingGlobeNewswire•Dec 14, 2017•ABILITY
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