Ametros
Ametros, a wholly-owned subsidiary of Webster Financial Corporation since 2024, is the self-described industry leader in U.S. professional administration of Medicare Set-Aside and post-settlement medical funds, serving injured workers and liability claimants through its CareGuard platform and a 50-state field sales organization.
- Company typePrivate
- Founded2010
- HeadquartersWilmington, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Ametros does
Ametros Financial Corporation, founded in 2010 and headquartered in Wilmington, Massachusetts, is a professional administration services company that manages post-settlement medical funds for injured individuals in the U.S. workers' compensation and liability markets. Its flagship product, CareGuard, administers Medicare Set-Aside (MSA) accounts and other medical allocations on behalf of beneficiaries who have settled personal injury claims and must self-administer future healthcare expenses. The core platform combines a member-facing web portal, a CareGuard payment card accepted at providers and pharmacies, an automated medical-bill discounting engine that applies negotiated network rates (saving up to 60% on provider bills and 38% on other medical expenses per the 2024 Member Impact Report independently verified by PKF O'Connor Davies), and an automated CMS reporting module that handles annual Medicare attestation. Adjacent product lines include CareGuard for Trusts, Medical Cost Projection Accounts, a free Benefits Advisory service, and a free WCMSA Self-Administration Toolkit.
Ametros operates a sales-led go-to-market motion built around a 50-state U.S. field sales organization of Business Development Managers, Strategic Account Executives (including a dedicated Broker Channel), and Directors of Field Sales, supported by inside sales and a Client Engagement onboarding team. The company's primary demand channels are referrals from plaintiff attorneys, defense attorneys, insurance adjusters, structured settlement brokers, MSA vendors, and healthcare providers, reinforced by content marketing (blog, webinars, podcast), industry association partnerships (IAIABC, NSSTA, NAMSAP, AAPD, College of Workers' Compensation Lawyers), and PR. Customer segments span injured individuals (workers' comp and liability claimants, including catastrophic cases), plaintiff and defense attorneys, insurance adjusters, structured settlement brokers, MSA providers, and healthcare providers.
Ametros generates revenue through a published one-time $1,000 setup fee for the CareGuard Professional Administration service, which covers account setup, provider coordination, card issuance, discount network access, and CMS reporting — there is no recurring management fee disclosed. The company is a wholly-owned subsidiary of Webster Financial Corporation (NYSE: WBS), which closed its acquisition on January 24, 2024; Andrea Mills serves as President of Ametros and Executive Managing Director at Webster Bank, formalizing parent-subsidiary integration. Ametros also monetizes indirectly through spread economics on the FDIC-insured Webster Bank settlement accounts that hold member MSA funds.
Ametros firmographics
Firmographics- Name
- Ametros
- Legal name
- Ametros Financial Corporation
- Website
- https://ametros.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Ametros, a wholly-owned subsidiary of Webster Financial Corporation since 2024, is the self-described industry leader in U.S. professional administration of Medicare Set-Aside and post-settlement medical funds, serving injured workers and liability claimants through its CareGuard platform and a 50-state field sales organization.
- Ownership category
- akta.pro rank
Ametros industry classification
Industry- Product category
- Professional Administration Services (Post-Settlement Medical Fund Management)
- NAICS
- Insurance and Employee Benefit Funds (5251)
- SIC
- Hospital & Medical Service Plans (6324)
- akta.pro primary industry
- Medigap Plan Administration (Enrollment, Billing & Member Services) (HLAEADAC)
Keywords
Where Ametros is headquartered
LocationHeadquarters
- HQ city
- Wilmington
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Ametros business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- CareGuard Professional Administration (One-Time Setup Fee): Ametros charges a one-time fee of $1,000 for CareGuard professional administration service setup. This covers account establishment, provider coordination, CareGuard card issuance, onboarding support, and ongoing professional administration of the member's MSA or other medical allocation account. The service is designed to extend medical funds by applying negotiated discounts on provider bills and other medical expenses, generating savings that benefit the member's fund longevity.
- Medical Expense Discounting and Cost Savings: While Ametros does not charge ongoing fees, the company generates value through negotiated provider and pharmacy network discounts — up to 60% on provider bills and 38% on other medical expenses — which extend the life of members' settlement funds. This cost-reduction capability is central to the service's value proposition and differentiates professional administration from self-administration.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Self-Administration (Free) — No Ametros services; member manages MSA independently with their own bank account, at full retail prices. |
| One time/ perpetual license | Pay-as-you-go | Professional Administration with CareGuard — Full-service MSA management with $1,000 one-time setup fee. |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
Ametros product offering
Product offeringCore offering
Ametros provides professional fund administration for individuals who have settled workers' compensation or liability claims and must manage future medical expenses, particularly through Medicare Set-Aside (MSA) accounts. The flagship CareGuard service establishes a dedicated FDIC-insured bank account, issues a CareGuard card for direct provider billing, applies automated discounts on medical bills via negotiated provider and pharmacy networks, files required CMS compliance reports, and offers ongoing member support. Adjacent offerings include trust account administration, medical cost projection account administration, benefits advisory for government benefit preservation, and concierge support for catastrophic cases.
Product overview
Ametros offers a unified professional administration platform centered on CareGuard, its flagship product for managing post-settlement medical funds. The platform comprises the CareGuard core service (professional administration with card-based billing, discounts, and CMS reporting), complemented by the WCMSA Self-Administration Toolkit for self-service users, Benefits Advisory for government benefits consultation, Special Programs for catastrophic case support, and CareGuard for Trusts for trustee-managed accounts. Medical Cost Projection Accounts provide administration for non-Medicare-covered expenses. All services are accessible through the CareGuard Member Portal, creating an integrated ecosystem for injured individuals settling workers' compensation or liability claims.
Differentiator
Problem solved
Functional benefit
Brands
- CareGuard: Professional administration service that helps manage future medical funds following workers' compensation or liability settlements. Provides savings on medical expenses, Medicare Set-Aside reporting, and member support through a CareGuard card and online portal.
Products and services
- CareGuard Professional Administration
Quantifiable outcome
- Up to 60% savings on provider bills and 38% on all other medical expenses (based on 2024 Member Impact Report, independently reviewed by PKF O'Connor Davies; savings not guaranteed)
- +2 more outcomes
Companies that use Ametros
Customer profileNamed customers10 records
Segments7 records
Ideal customer profiles6 records
Ametros technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Ametros partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- IAIABC (International Association of Industrial Accident Boards and Commissions)coreAmetros is a partner organization of the IAIABC, a global standards-setting body for workers' compensation. Ametros participates in IAIABC events and programs. Melissa Coleman, SVP Marketing, won the IAIABC NextGen Award in 2024. Ametros also supports IAIABC Foundation programs.
- NSSTA (National Structured Settlement Trade Association)coreAmetros is a partner of the NSSTA, the trade association for structured settlement professionals. The partnership enables Ametros to reach structured settlement brokers who arrange annuity solutions for injured parties.
- NAMSAP (National Association of Medicare Set-Aside Professionals)coreAmetros is a partner of NAMSAP, the professional association for MSA practitioners. NAMSAP membership includes MSA vendors, allocation specialists, and administrators.
- AAPD (American Academy of Periodontology)minorAmetros is listed as a partner of AAPD. The nature of the partnership relates to dental providers who may serve as healthcare providers for injured individuals post-settlement.
- College of Workers' Compensation LawyersminorAmetros is a partner of the College of Workers' Compensation Lawyers, an organization of plaintiff and defense attorneys specializing in workers' compensation law.
- Kids' Chance of AmericaminorAndrea Mills, President of Ametros, joined the Board of Directors of Kids' Chance of America in July 2026. Kids' Chance provides educational scholarships to children of workers' compensation claimants. This is a board-level engagement, not a commercial partnership.
- Kids' Chance of New HampshireminorJohn Kane, Advisor to Ametros and former SVP, serves as President of Kids' Chance of New Hampshire. This is a nonprofit board leadership role supporting children of injured workers.
- PKF O'Connor DaviesminorPKF O'Connor Davies independently reviewed and verified Ametros' 2024 Member Impact Report discount averages and savings data. This provides third-party validation of Ametros' performance claims.
- CMS (Centers for Medicare & Medicaid Services)coreAmetros works with CMS as a professional MSA administrator, submitting required annual attestation reports and compliance documentation on behalf of members with Medicare Set-Aside accounts. CMS is the regulatory authority governing MSA administration and strongly recommends professional administration. Ametros' Regulatory Council includes Jonathan Blum, former CMS Principal Deputy Administrator and COO.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
Ametros competitors and assessment
Company assessmentEmerging players
- The Lien Doctors: The Lien Doctors specializes in lien resolution and Medicare/Medicaid conditional payment negotiation, overlapping with Ametros in the broader post-settlement Medicare compliance workflow. Comparable in serving plaintiff attorneys and injured claimants, though its focus is resolving liens rather than ongoing MSA fund administration.
Direct peers
- Helios (formerly Bunch CareSolutions): Helios is one of the most direct competitors in the MSA professional administration space, offering post-settlement medical administration for workers' compensation and liability cases. Comparable to Ametros in target customer (injured individuals settling claims with MSA accounts) and core service (medical bill discounting, CMS reporting, member support).
- Strategic Claim Consultants: Strategic Claim Consultants is a smaller MSA professional administration and Medicare Set-Aside services firm that competes with Ametros in administering post-settlement medical funds for workers' comp claimants. Comparable in offering (MSA administration, medical bill discounting) and customer base.
- Gainer Consulting: Gainer Consulting provides MSA administration and professional administration services to injured individuals settling workers' compensation claims, with overlap in target customer and service offering (bill processing, discount networks, CMS reporting). Directly competes with Ametros for the same MSA-eligible claimants and referral partners.
- Medivest: Medivest is a long-standing MSA professional administration and structured settlement services firm that competes directly with Ametros in administering WCMSA accounts, applying provider discounts, and submitting CMS compliance reporting. Comparable in business model (fee-based post-settlement administration) and customer base (injured workers, attorneys, adjusters).
- Synergy Settlements: Synergy Settlements provides MSA professional administration and structured settlement solutions, serving injured workers and liability claimants with comparable post-settlement medical administration services. Direct competitor in the same niche.
Regional players
- Brown Greer PLC: Brown Greer is a structured settlement and settlement planning firm that overlaps with Ametros in the post-settlement services ecosystem, including Medicare Set-Aside considerations and structured settlement brokerage. Comparable as an adjacent player serving injured workers and attorneys, though its core focus is annuity-based structured settlements rather than full MSA administration.
Others
- Ringler Associates: Ringler Associates is the largest structured settlement brokerage network in the U.S., arranging annuities for injured parties. It is comparable to Ametros as an ecosystem participant often referred to the same attorneys and adjusters, though Ringler focuses on annuity placement rather than medical fund administration.
- Webster Bank (parent company): Webster Bank, the parent company of Ametros since January 2024, provides FDIC-insured interest-bearing accounts that hold MSA funds administered by Ametros. As Ametros' parent and infrastructure provider, Webster is a related party but not a competitor; included for context on the corporate structure that backs Ametros' operations.
Broad incumbents
- ISO Claims Partners (a Verisk business): ISO Claims Partners, part of Verisk, is a broader claims management and Medicare compliance services provider that offers MSA administration alongside a wider portfolio of claims analytics and payment integrity solutions. Comparable to Ametros' core MSA administration work but as part of a much larger analytics and insurance services platform rather than a specialized MSA administrator.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Ametros social profiles
Digital presenceAmetros financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ametros leadership team
Management profileNumber of profiles
Profiles28 records
Ametros funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ametros M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ametros
What does Ametros do?
Ametros provides professional fund administration for individuals who have settled workers' compensation or liability claims and must manage future medical expenses, particularly through Medicare Set-Aside (MSA) accounts. The flagship CareGuard service establishes a dedicated FDIC-insured bank account, issues a CareGuard card for direct provider billing, applies automated discounts on medical bills via negotiated provider and pharmacy networks, files required CMS compliance reports, and offers ongoing member support. Adjacent offerings include trust account administration, medical cost projection account administration, benefits advisory for government benefit preservation, and concierge support for catastrophic cases.
Is Ametros a public or private company?
Ametros is a private company. It is classified as corporate owned and is currently operating.
When was Ametros founded?
Ametros was founded in 2010. It employs 101 to 250 people.
Where is Ametros based?
Ametros is headquartered in Wilmington, United States, in the North America region.
How does Ametros make money?
Two revenue lines are on record. CareGuard Professional Administration (One-Time Setup Fee) is the primary driver. The others are medical Expense Discounting and Cost Savings.
Who are Ametros's main competitors?
The Lien Doctors is listed as an emerging player. Direct peers are Helios (formerly Bunch CareSolutions), Strategic Claim Consultants, Gainer Consulting, Medivest and Synergy Settlements. Brown Greer PLC is listed as a regional player. Others are Ringler Associates and Webster Bank (parent company). ISO Claims Partners (a Verisk business) is listed as a broad incumbent.
Does Ametros have an API?
No public API is recorded for Ametros.
What industry is Ametros in?
Ametros's product category is Professional Administration Services (Post-Settlement Medical Fund Management). Its primary akta.pro industry code is HLAEADAC, Medigap Plan Administration (Enrollment, Billing & Member Services). Its NAICS code is 5251 and its SIC code is 6324.