When was Alpha II founded?

Alpha II was founded in 1983 and raised its 1st funding round 33 years after it was founded.

Where is Alpha II located?

Alpha II is headquartered in Tallahassee, United States. It is registered at Tallahassee, Florida.

How many employees does Alpha II have?

As of May 31, 2026, the latest employee count at Alpha II is 122.

Is Alpha II a funded company?

Alpha II is a funded company, having raised an undisclosed amount across 3 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on Nov 29, 2016.

When was the latest funding round of Alpha II?

Alpha II's latest funding was a $***** PE round on May 25, 2023, with participation from 2 investors. Its primary sector is Services for Healthcare Providers. In United States, the Services for Healthcare Providers sector has seen $650M in funding in 2026 to date.

Where does Alpha II rank among its competitors?

Alpha II ranks 15th amongst 589 active competitors, of which 27 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Vee Healthtek, which secured an undisclosed amount in Nov, 2024.

Who are the top competitors of Alpha II?

Alpha II's top competitors include Medusind, AGS and Rivet. Among them, Vee Healthtek secured the most recent funding round in November, 2024.

Alpha II - 2026 Company Profile, Funding & Competitors

Company Details

Healthcare revenue cycle management software optimizing financial outcomes and simplifying processes. The company offers a suite of integrated solutions designed to streamline administrative tasks and maximize revenue for healthcare organizations. Their offerings include tools for coding, claims processing, denial management, and quality reporting. The company's technology leverages AI and automation to improve accuracy, reduce errors, and accelerate payments. They provide solutions for various healthcare providers and partners, including physician practices, hospitals, billing services, and payers. The company focuses on simplifying complex processes, improving productivity, and ensuring compliance with industry regulations. They aim to empower healthcare organizations to focus on patient care by providing innovative and effective revenue cycle management solutions. The company offers SaaS based software solutions.

Website: alphaii.com
Social
Email ID: *****@alphaii.com
Registered Address: Tallahassee, Florida

Key Metrics

Founded Year

1983

Location

Tallahassee, United States

Stage

Late Stage

Latest Funding Round

PE, May 25, 2023, $*****

Investors

Abacus Finance Group & 2 more

Ranked

15^th among 589 active competitors

Employee Count

122 as on May 31, 2026

Investment & Acquisitions

RCxRules & 1 more

Similar Companies

Medusind & 603 more

View Alpha II's full profile

Alpha II is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
ALPHA II, LLC CIN: 465046208 , United States, Active	Dec 26, 999	-	150 (As on Dec 31, 2024)	-

Alpha II has raised funding over 3 rounds. Its first funding round was on Nov 29, 2016. Its latest funding round was a PE round on May 25, 2023 for $*****. 2 investors participated in its latest round. Alpha II has 3 institutional investors.

Here is the list of recent funding rounds of Alpha II:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 25, 2023	1169511	PE	5017028	3703044	2696720	6273344
Nov 29, 2016	4183690	PE	1761677	6442956	5980086	WestView Capital & 1 more
Nov 29, 2016	3533318	Conventional Debt	8476664	3818956	5097657	Abacus Finance Group

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View details of Alpha II's funding rounds and investors

Alpha II's employee count trend

Alpha II has 122 employees as of May 26. Here is Alpha II's employee count trend over the years:

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Top competitors of Alpha II include Medusind, AGS and Rivet. Here is the list of Top 10 competitors of Alpha II, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Medusind 2002, Miami (United States), Acquired	Platform offering revenue cycle management solutions	-	SAB Holding, H.I.G. Private Equity & 22 others	67/100
2nd	AGS 2011, Chennai (India), Acquired	Healthcare revenue cycle management services provider	$2.45M	EQT, Leavitt Equity Partners & 3 others	55/100
3rd	Rivet 2017, Salt Lake City (United States), Series B	Provider of revenue cycle management software for healthcare organizations	$28.8M	Menlo Ventures, Catalyst Investors & 4 others	54/100
4th	Ventra Health 2007, Dallas (United States), Funding Raised	Provider of healthcare revenue cycle management services	-	Questa Capital, Parthenon Capital & 2 others	52/100
5th	FinThrive 2018, Boston (United States), Funding Raised	Provider of healthcare revenue management services	-	Linden Capital Partners, Bregal Sagemount ... & 1 others	52/100
6th	CarePayment 2004, Portland (United States), Public	Provider of patient financing solutions for healthcare expenses at zero percent	-	De Anda Capital, Ares Management & 6 others	51/100
7th	Vee Healthtek 2000, New York City (United States), Acquired	Technology consulting services company that provides solutions to transform healthcare organizations, offering a range of services including revenue cycle management	-	TA Associates	51/100
8th	Phare Health 2023, London (United Kingdom), Seed	Provider of revenue cycle management services for healthcare sector	$3.06M	General Catalyst, Bertelsmann Investments ... & 1 others	49/100
9th	Health Prime 1988, India, Acquired	Provider of hospital revenue cycle management services	-	-	46/100
10th	Revecore 1996, Fort Mitchell (United States), Acquired	Provider of revenue cycle management services	-	FCA Venture Partners, Northleaf & 1 others	45/100
15th	Alpha II 1983, Tallahassee (United States), Late Stage	Healthcare revenue cycle management software optimizing financial outcomes and simplifying processes	-	Abacus Finance Group, WestView Capital & 1 others	43/100