Portico Systems - About the company
Portico Systems is an acquired company based in Blue Bell (United States), founded in 1997. It operates as an Offers health plans solutions to manage provider networks. Portico Systems has raised $8.95M in funding, with last known valuation of $*****. The company has 21 active competitors, including 3 funded and 6 that have exited. Its top competitors include companies like Avalon Healthcare Solutions, NASCO and Quest Analytics.
Company Details
Portico Systems helps health plans to transform the performance of their provider networks. The company offers solutions to automate and manage business processes like contracting with and enrolling new physicians, servicing them, and streamlining payment and other claims. The company claims its solutions enable health plans to reduce administrative, medical and IT costs.
Key Metrics
Founded Year
1997
Location
Blue Bell, United States
Stage
Acquired
Total Funding
$8.95M in 4 rounds
Latest Funding Round
Last Known Valuation
$***** as on May 26, 2015
Investors
Ranked
9th among 21 active competitors
Employee Count
24 as on May 31, 2026
Similar Companies
Exit Details
Acquired by McKesson (Jun 22, 2011)
Legal entities associated with Portico Systems
Portico Systems is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PORTICO SYSTEMS, LLC CIN: 232892557 , United States, Active | Dec 31, 1996 | - | - | - |
Portico Systems's acquisition details
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Portico Systems's funding and investors
Portico Systems has raised a total funding of $8.95M over 4 rounds. Its first funding round was on Feb 25, 2008. Its latest funding round was a Series B round on Jun 2011 for $*****. 1 investor participated in its latest round. Portico Systems has 4 institutional investors.
Here is the list of recent funding rounds of Portico Systems:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 2011 | 6079842 | Series B | 4355552 | 9906132 | 5756245 | 5458320 |
Jun 01, 2009 | 5163223 | Venture Debt | 6608396 | 9550941 | 7377358 | |
Apr 25, 2009 | 6178462 | Series B | 9897875 | 6947682 | 1139991 | 9414037 |
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Portico Systems' founders and board of directors
Founder? Claim ProfilePortico Systems' employee count trend
Portico Systems has 24 employees as of May 26. Here is Portico Systems's employee count trend over the years:
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Portico Systems's Competitors and alternates
Top competitors of Portico Systems include Avalon Healthcare Solutions, NASCO and Quest Analytics. Here is the list of Top 10 competitors of Portico Systems, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Avalon Healthcare Solutions 2013, Tampa (United States), Series C | Laboratory benefits management platform for physicians, patients, and payers | $45.8M | 51/100 | |
2nd | NASCO 1987, Atlanta (United States), Acquired | Suite of healthcare payer solutions for health benefits processing. | - | - | 47/100 |
3rd | Quest Analytics 2003, Appleton (United States), Acquired | Provider of cloud-based provider network management solutions for payers | - | 44/100 | |
4th | _1562674660202.png?devicePixelRatio=2&height=30&width=30){kind=logo} TriZetto 1997, Greenwood Village (United States), Acquired | Provider of software solution for healthcare payers and providers | $10.5M | 44/100 | |
5th | enGen 2014, Pittsburgh (United States), Unfunded | Provider of a platform that supports health plans and their provider partners | - | - | 44/100 |
6th |  Transparent Health Marketplace 2015, Wayne (United States), Series C | Provider of online marketplace for connecting payors and providers | $57.6M | 42/100 | |
7th | RAM Technologies 1981, Fort Washington (United States), Unfunded | Provider of enterprise software solutions for for Medicaid administration | - | - | 38/100 |
8th | Santech 2008, Princeton (United States), Funding Raised | Data management solutions and services for healthcare organizations | - | 38/100 | |
9th | Portico Systems 1997, Blue Bell (United States), Acquired | Offers health plans solutions to manage provider networks | $8.95M | 37/100 | |
10th | VIIAD Systems 2005, Langhorne (United States), Series A | Provider of cloud-based solutions for streamlining complex network, plan and member information | $3.67M | 37/100 |
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Portico Systems's Investments and acquisitions
Portico Systems has made no investments or acquisitions yet.
Reports related to Portico Systems
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