MedRisk - About the company
MedRisk is an acquired company based in King Of Prussia (United States), founded in 1994. It operates as an Integrated clinical oversight solutions for Managed Physical Medicine & Diagnostic Imaging. MedRisk has raised an undisclosed amount in funding. The company has 48 active competitors, including 5 funded and 14 that have exited. Its top competitors include companies like Nomi Health, Alegeus and NRC Health.
Company Details
MedRisk provides managed PT/OT/chiropractic care, diagnostic imaging services, and FCEs for the workers' compensation industry. Solutions include Managed physical medicine, Managed diagnostic imaging, Delayed recovery solutions - Restore, Utilization review, Functional capacity evaluations, Document management, Data analytics, Best-practice claim-workflow automation, Specialty network services, Network integration, and Patient Advocacy. The company works serves Insurance Carriers, TPAs, State funds, Adjusters and Case Managers, Employers, Physicians, and Network Providers. Ranked among the 40 fastest-growing U.S. healthcare companies by Modern Healthcare magazine.
- Website
- www.medrisknet.com/
- Registered Address
- King Of Prussia, Pennsylvania
Key Metrics
Founded Year
1994
Location
King Of Prussia, United States
Stage
Acquired
Latest Funding Round
Investors
Ranked
6th among 48 active competitors
Employee Count
1,207 as on Sep 30, 2026
Similar Companies
Exit Details
Acquired by CVC (Feb 23, 2021)
Legal entities associated with MedRisk
MedRisk is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
MEDRISK, INC. CIN: 232788593 , United States, Active | Dec 31, 1999 | - | 1197 (As on Dec 31, 2024) | - |
MedRisk's acquisition details
MedRisk got acquired by CVC on Feb 23, 2021.
Click here to take a look at MedRisk's acquisition in detail
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MedRisk's funding and investors
MedRisk has raised funding over 2 rounds. Its first funding round was on Feb 10, 2016. Its latest funding round was a Conventional Debt round on 2018 for $*****. 1 investor participated in its latest round. MedRisk has 3 institutional investors.
Here is the list of recent funding rounds of MedRisk:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
2018 | 3437 | Conventional Debt | 8438 | 6466 | 6312 | 5790 |
Feb 10, 2016 | 2974419 | PE | 6606299 | 1297792 | 7810092 |
View details of MedRisk's funding rounds and investors
MedRisk's founders and board of directors
Founder? Claim ProfileMedRisk's employee count trend
MedRisk has 1,207 employees as of Sep 26. Here is MedRisk's employee count trend over the years:
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MedRisk's Competitors and alternates
Top competitors of MedRisk include Nomi Health, Alegeus and NRC Health. Here is the list of Top 10 competitors of MedRisk, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Nomi Health 2018, Orem (United States), Series A | Provider of diversified system and services for health care sector | $110M | 63/100 | |
2nd | Alegeus 1995, Waltham (United States), Acquired | Provider of healthcare benefits administration solutions | - | 58/100 | |
3rd | NRC Health 1981, Lincoln (United States), Public | Provider of solutions that facilitate measurement and improvement of the patient and employee experience | - | 58/100 | |
4th | MedXoom 2013, Boca Raton (United States), Acquired | Cloud-based health benefits management platform for employers, patients, and providers | $11.4M | 55/100 | |
5th | WebMD Health Services 2002, Portland (United States), Unfunded | Cloud-based suite solution for organizations and employee | - | - | 52/100 |
6th | MedRisk 1994, King Of Prussia (United States), Acquired | Integrated clinical oversight solutions for Managed Physical Medicine & Diagnostic Imaging | - | 50/100 | |
7th | Ribbon Health 2016, New York City (United States), Acquired | Provider of predictive data analytics platform for healthcare providers | $59.1M | 49/100 | |
8th | MCG Health 1990, Seattle (United States), Unfunded | Informed healthcare strategies and solutions for improved patient care | - | - | 43/100 |
9th | Superior Dental Care 1984, Centerville (United States), Acquired | Dental benefits innovator providing affordable, quality dental care and support | - | - | 42/100 |
10th | MedSynergies 1996, Irving (United States), Acqui-Hired | Financial and Operational management systems for healthcare providers | $155M | 41/100 |
Looking for more details on MedRisk's competitors? Click here to see the top ones
MedRisk's Investments and acquisitions
MedRisk has acquired 2 companies including Medata and SPNet Clinical Solutions. MedRisk has not made any investments as of now.Reports related to MedRisk
Here is the latest report on MedRisk's sector:
News related to MedRisk
Media has covered MedRisk for 1 event in last 1 year.
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Medrism explores the relationship between ophthalmic technology and the rise of medical tourismEuropa Press•Aug 14, 2025•MedRisk
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MedRisk Appoints Satish Narayanan as Chief Data Officer to Enhance Data and AI CapabilitiesBenzinga•Jun 12, 2025•MedRisk
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Conduent Completes Sale of Its Casualty Claims Solutions Business to MedRiskBusiness Wire•Sep 04, 2024•Conduent, MedRisk
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MedRisk Completes Acquisition of Casualty Claims Solutions Business from ConduentGlobeNewswire•Sep 04, 2024•MedRisk, Conduent
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Conduent to sell casualty claims solutions Business to MedRisk for $240MBee Star•May 03, 2024•Conduent, MedRisk
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Conduent Announces Agreement to Sell its Casualty Claims Solutions Business to MedRiskBusiness Wire•May 03, 2024•Conduent, MedRisk
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Conduent completes sale of its curbside management and public safety businesses to ModaxoBee Star•May 01, 2024•Conduent, Modaxo, Constellation Software, MedRisk
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MedRisk Acquires Medata to Further Improve the Claims Experience for Customers, Patients, and ProvidersBusiness Wire•Jan 09, 2024•MedRisk, Medata
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