What Kodiak Solutions does

Kodiak Solutions is a healthcare technology and analytics company headquartered in Indianapolis that provides revenue cycle benchmarking, claims and collections data analysis, and payor scorecard services to hospitals, health systems, and physician practices across the United States. The company's core product is a proprietary benchmarking data platform that aggregates operational and financial performance metrics from more than 2,300 hospitals and 350,000+ physicians, tracking indicators such as denial rates, days to insurance payment, point-of-service collection rates, and accounts receivable performance. Kodiak operates as a standalone entity following its 2023 separation from Crowe LLP and publishes quarterly industry analyses derived from its dataset, including reports on revenue leakage (tracked at $48.4 billion in net revenue losses across analyzed hospitals in 2025, up 25% from $38.6 billion in 2024).

The business generates revenue primarily through subscription-based access to its benchmarking data, quarterly reports, and analytics services, with pricing structured as enterprise B2B contracts (specific pricing is not publicly disclosed). Go-to-market combines direct enterprise sales to hospitals and health systems with exclusive distribution partnerships with state hospital associations; the Indiana Hospital Association partnership, announced in November 2025, provides a quarterly payor scorecard to more than 70 member hospitals as an association member benefit. The company serves a vertical-focused customer base concentrated in the U.S. healthcare provider market. Leadership includes CEO Derek A. Bang, CTO Ankit Sharma, VP of Product Management Victoria Dames, and CFO Sarah Haines (appointed September 2025), and the company expanded its portfolio with the January 2026 acquisition of BESLER.

Name

Kodiak Solutions

Website

https://kodiaksolutions.io

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Kodiak Solutions is a healthcare technology and analytics company that provides revenue cycle benchmarking, claims analysis, and payor scorecard services to 2,300+ hospitals and 350,000+ physicians across the United States.

Ownership category

akta.pro rank

Product category

Healthcare Revenue Cycle Analytics

NAICS

Software Publishers (513210), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)

SIC

Services-Prepackaged Software (7372), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Quality Measurement, Reporting & Benchmarking (HEDIS/Stars/CQM) (HLACAHAC)

Keywords

• Revenue cycle benchmarking
• Healthcare analytics
• Claims analysis
• Payor scorecard
• Revenue cycle management

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Revenue Cycle Benchmarking Analytics: Provides benchmarking data and analytics services to healthcare provider organizations. Revenue generated through subscription-based access to proprietary benchmarking data platform and quarterly reports.
2. Payor Scorecard Services: Produces quarterly payor scorecards for hospital associations, available as exclusive member benefits. Generates recurring revenue through partnership arrangements with state hospital associations.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Kodiak Solutions provides a proprietary revenue cycle benchmarking analytics platform and quarterly payor scorecard services to hospitals, health systems, and state hospital associations. The platform benchmarks performance across 2,300+ hospitals and 350,000+ physicians on metrics such as denial rates, collection yields, accounts receivable days, and point-of-service collections. Revenue is generated through subscription-based access to benchmarking data and exclusive association partnership programs.

Product overview

Kodiak Solutions is a healthcare technology and services provider that offers revenue cycle benchmarking, claims and collections data analysis, and payor scorecard services to healthcare provider organizations. The company operates as a standalone entity following its separation from Crowe LLP and provides analysis based on data from over 2,300 hospitals and 350,000 physicians on its platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Revenue Cycle Benchmarking Platform A subscription-based proprietary analytics platform that benchmarks hospital and physician revenue cycle performance on metrics such as denial rates, collection yields, accounts receivable days, and point-of-service collections, designed for hospitals, health systems, and medical practices.
• Quarterly Payor Scorecard Service A quarterly payor scorecard service provided exclusively to state hospital association member hospitals, benchmarking claims and collections performance by payor across the association's membership.

Quantifiable outcome

• Hospitals improved point-of-service collections from 22.74% to 24.82% of total patient payments (Q1 2025 to Q1 2026)
• +2 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Indiana Hospital AssociationcoreStrategic or Co-development Partner · 11 November 2025Kodiak Solutions entered an exclusive partnership to produce a quarterly payor scorecard for Indiana hospitals, based on claims and collections data from over 70 hospitals. This is offered as an exclusive member benefit for Indiana Hospital Association members, providing statewide benchmarking data on payer performance.

Scale indicators7 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Vizient: Provider-focused healthcare performance improvement and benchmarking company offering analytics, advisory, and contract services to hospitals and health systems—directly overlapping Kodiak's benchmarking and revenue cycle analytics value proposition.
• Premier Inc. Healthcare improvement company that combines a national provider network with benchmarking, analytics, and consulting services for hospitals—closely comparable in the data-driven benchmarking and performance improvement layer Kodiak sells.

Emerging players

• Definitive Healthcare: Provider of healthcare commercial intelligence and analytics on hospitals, physicians, and payers, with subscription analytics products—comparable as a healthcare data/analytics subscription business targeting provider organizations.
• KLAS Research: Healthcare IT research firm that benchmarks vendor performance and publishes ratings used by hospitals in purchasing decisions—comparable as a healthcare benchmarking and research provider to hospital buyers.
• Strata Decision Technology: Healthcare financial planning and performance analytics platform used by hospitals and health systems for budgeting and decision support—comparable as a healthcare financial analytics subscription product for provider finance teams.

Broad incumbents

• Crowe LLP: Former parent of Kodiak and a major accounting/consulting firm with a healthcare revenue cycle practice; now a competitor in healthcare RCM advisory and benchmarking services.
• Waystar: Large revenue cycle technology platform for hospitals and health systems covering claims management, denials, and patient payments—overlapping with Kodiak's denial and collections analytics focus from a broader RCM software angle.
• R1 RCM: End-to-end revenue cycle management services and technology provider for hospitals and health systems, including analytics on denial and collection performance—adjacent incumbent in the same provider RCM analytics space.
• Experian Health: Healthcare division offering patient access, claims management, and collections analytics to providers—comparable as an established vendor in payer-provider data, eligibility, and revenue cycle workflows.
• Advisory Board (Optum): Healthcare research and consulting firm (now part of Optum/UnitedHealth Group) providing benchmarking, best-practice research, and performance improvement services to hospital leaders—comparable as a benchmarking and research incumbent in the same buyer segment.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kodiak Solutions