NewWave Technologies

What NewWave Technologies does

NewWave Telecom and Technologies, Inc. is a privately held federal healthcare IT and business services firm headquartered in Elkridge, Maryland, founded in 2004 and operating as a wholly-owned entity under NewWave Holdings, LLC. The company delivers IT services, data management, cloud migration, cybersecurity, and managed services to federal agencies — primarily HHS, CMS, and CMMI — through a portfolio of government-wide acquisition contracts including GSA MAS (GS-35F-152AA), SPARC IDIQ, CIO-SP3, and the $49 million IAAI vehicle. Public-sector work is complemented by a growing portfolio of SaaS products targeting healthcare data challenges: OnyxOS (FHIR-based interoperability emerging from CMS Blue Button 2.0), Imersis (T-MSIS Medicaid data quality with Mathematica), Traferium (Oracle-to-Snowflake automated data and code migration), and SAFFRON Labs (FHIR-based SDOH data exchange with Pulse, Clarity, and Magnet applications). Platforms are hosted on Microsoft Azure and Google Cloud and the company maintains HITRUST e1, ISO 9001:2015, CMMI Level 3, and MBE certifications.

The company operates a virtual-first delivery model with offices in Elkridge, Columbia, and Windsor Mill, Maryland, plus a wholly-owned NewWave India subsidiary supporting offshore execution. Revenue mechanics span three streams: federal contract work on T&M or fixed-price IDIQ vehicles (managed services), recurring SaaS subscriptions for proprietary products, and professional services for implementation, training, and help-desk support (BOSC). Customer mix is concentrated in federal healthcare but is being intentionally broadened through commercial partnerships: the April 2023 alliance between Onyx and Abacus Insights extends OnyxOS to health plans covering 21 million members, and the SAFFRON Labs Gravity Project leadership positions the company as a standards-setter for SDOH interoperability.

Strategic positioning rests on a regulated procurement footprint (multiple IDIQ vehicles, HITRUST/CMMI/ISO stack), Microsoft Gold Partner and Snowflake technology alignments, and standards leadership in FHIR (via Tony Trenkle, former CMS CIO, and Aaron Seib, Gravity Project Co-Chair) that competitors would struggle to replicate quickly. The principal risks are heavy dependence on a small set of federal customers, maturity-related execution risk as newer SaaS products move from pilots to scaling, and the absence of disclosed revenue or growth metrics to validate the pace of commercial expansion.

Name

NewWave Technologies

Legal name

NewWave Telecom and Technologies, Inc.

Website

https://newwave.io

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

501–1,000 employees

Short description

NewWave Technologies is a privately held federal healthcare IT services firm, founded in 2004 and headquartered in Elkridge, Maryland, that delivers cloud migration, data interoperability, and SaaS platforms (OnyxOS, Imersis, Traferium, SAFFRON Labs) to HHS, CMS, state Medicaid agencies, and commercial health plans.

Ownership category

akta.pro rank

Product category

Healthcare IT Solutions

NAICS

Computer Systems Design and Related Services (54151), Custom Computer Programming Services (541511), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Integrated Systems Design (7373), Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Enterprise Integration Engines & Interface Management (HL7 v2/X12/API) (HLACABAC)

akta.pro secondary industry

Strategy & IT Advisory (BPAEAAAA)

Keywords

• Healthcare IT services
• Federal government IT
• FHIR interoperability
• Medicaid data analytics
• Cloud data migration

Headquarters

HQ city

Elkridge

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Federal Government IT Services: NewWave provides IT services to federal government agencies including HHS, CMS, and CMMI through contract vehicles such as GSA Schedule 70, SPARC IDIQ, CIO-SP3, and IAAI. Revenue is generated through time-and-materials or fixed-price contract awards under these IDIQ vehicles. The company was awarded a five-year $49 million IAAI contract from HHS for AI and automation solutions.
2. SaaS / Software Products: Products including Traferium (Oracle to Snowflake migration tool), OnyxOS (FHIR interoperability platform), Imersis (Medicaid data quality SaaS), and SAFFRON Labs SDOH platform are offered as cloud-based software solutions. Revenue model likely subscription-based for these platforms.
3. Professional Services: Implementation, consulting, and system integration services for government agencies, including help desk support (BOSC team), training, digital transformation, and technical implementation of healthcare IT solutions.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

NewWave Technologies is a full-service healthcare IT solutions firm that develops and sells proprietary SaaS platforms including OnyxOS (FHIR-based healthcare interoperability), Imersis (Medicaid T-MSIS data quality), SAFFRON Labs (SDOH data interoperability), and Traferium (Oracle-to-Snowflake data migration and code conversion). The company also delivers federal government IT services, managed services, and professional implementation support through contract vehicles such as GSA MAS, SPARC IDIQ, CIO-SP3, and IAAI.

Product overview

NewWave Technologies offers a portfolio of healthcare IT solutions including OnyxOS (FHIR-based interoperability platform), Imersis (Medicaid data quality analytics), SAFFRON Labs (SDOH interoperability platform with Pulse, Clarity, and Magnet applications), and Traferium (Oracle-to-Snowflake migration and code conversion tool). The company operates as a healthcare IT solutions firm providing technology innovation for government and commercial healthcare clients, with platforms hosted on Microsoft Azure and Google Cloud.

Differentiator

Problem solved

Functional benefit

Brands

• OnyxOS: FHIR-based healthcare interoperability platform enabling patient access APIs, provider directory, and payer-to-payer data exchange.
• SAFFRON Labs
• Traferium
• Imersis

Products and services

• OnyxOS FHIR-based healthcare data interoperability platform that provides APIs for patient access, provider directory, payer-to-payer exchange, and prior authorization to enable health plans to comply with CMS interoperability mandates.
• Imersis Cloud-based Medicaid T-MSIS data quality tool that scores state Medicaid data files against CMS Top Priority Items, provides drill-down analytics, and enables near real-time data quality evaluation for state Medicaid agencies.
• SAFFRON Labs Platform FHIR-enabled SDOH data interoperability platform comprising Pulse (provider app for patient assessment and referrals), Clarity (patient self-reporting app), and Magnet (CBO referral management app) that supports closed-loop referrals between healthcare entities and community-based organizations.
• Traferium Automated cloud data migration and code conversion tool that migrates Oracle databases and converts PL/SQL code to Snowflake JavaScript, enabling enterprises to migrate to the cloud 4X faster with 65% reduction in code conversion effort.
• Federal Government IT Services IT services delivered to federal government agencies including HHS, CMS, and CMMI through contract vehicles (GSA Schedule 70 GS-35F-152AA, SPARC IDIQ, CIO-SP3, IAAI), covering software engineering, data management, cloud migration, AI/automation, and managed services.
• Professional Services Implementation, consulting, training, digital transformation, help desk support (BOSC team), and system integration services for government agencies and healthcare organizations adopting NewWave's platforms.

Quantifiable outcome

• Traferium enables 4X faster cloud migration compared to manual methods
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability6 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered flagship, core and minor.

• Abacus InsightsflagshipStrategic or Co-development Partner · 27 April 2023Onyx Technology (a NewWave company) partnered with Abacus Insights to create an enhanced Interoperability Solution for health plans. The combined solution integrates Abacus Insights' data usability platform with OnyxOS's FHIR-based APIs to help payers comply with CMS interoperability mandates (patient access API, provider directory, payer-to-payer) and California SB 1419. The partnership combines Abacus Insights' data for 21 million health plan members with Onyx's interoperability technology.
• MathematicacoreStrategic or Co-development Partner · 6 January 2021NewWave and Mathematica partnered to develop and deliver Imersis, a cloud-based Medicaid data quality tool. NewWave contributes 15+ years of CMS data experience and cloud architecture; Mathematica brings 25+ years of MSIS/T-MSIS expertise and data quality assessment methods (DQ Atlas). The partnership was first deployed at the Maryland Department of Health.
• SnowflakecoreTechnology or IntegrationNewWave's Traferium is built in partnership with Snowflake to enable cloud data migration and modernization. NewWave is described as a leading enabler in the US Government Healthcare sector for Snowflake platforms. Traferium is the first automated tool specifically designed for Snowflake Cloud Data Platform, converting Oracle PL/SQL to Snowflake JavaScript.
• MicrosoftcoreTechnology or IntegrationNewWave is a trusted Microsoft Gold Partner with expertise across Microsoft Azure, Microsoft 365, Dynamics 365, Power Apps, Power Automate, and Teams. The company earned Kubernetes on Microsoft Azure Advanced Specialization and developed OnyxOS in partnership with Microsoft's Azure API for FHIR product team. NewWave was named a Microsoft Top Teams Partner for Q3, validating its Teams collaboration services expertise.
• Onyx Technology (NewWave subsidiary)coreOthersOnyx Technology, LLC, is a NewWave company that emerged from CMS Blue Button 2.0 work. OnyxOS is the award-winning FHIR-based interoperability platform (2021 Frost & Sullivan Award). Onyx and NewWave work together on federal healthcare interoperability initiatives.
• HL7 / Gravity ProjectcoreStrategic or Co-development PartnerSAFFRON Labs provides leadership to HL7's Gravity Project, an HL7 FHIR Accelerator developing consensus-based standards for SDOH data exchange. Aaron Seib (Director of SAFFRON Labs) is Co-Chair of the Gravity Project. SAFFRON Labs actively contributes to Gravity SDOH Implementation Guide development and demonstration at HL7 Connectathons.
• ElimuminorStrategic or Co-development PartnerElimu and SAFFRON Labs co-authored blog content on SDOH infrastructure and standards, and collaborated at the CMS Connectathon to demonstrate Gravity SDOH Implementation Guide capabilities. Elimu brings SDOH subject matter expertise to the partnership.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• ICF International: ICF International provides federal health IT, data analytics, and program modernization services for HHS, CMS, and state Medicaid clients. Its public-sector health practice overlaps directly with NewWave's CMS and state Medicaid delivery, and it competes for similar federal contract vehicles.
• Health Catalyst: Health Catalyst provides healthcare data and analytics platform services to health systems and payers. It shares NewWave's focus on data-driven healthcare modernization, and competes in adjacent areas including payer analytics, data warehousing, and value-based care enablement.
• Cognosante: Cognosante is a federal healthcare IT services firm specializing in interoperability, Medicaid, and CMS-facing solutions. Like NewWave, it targets HHS and state Medicaid agencies with data exchange and health information exchange platforms, making it the closest direct comparable in scope and customer base.
• Maximus: Maximus operates federal health and human services programs including Medicaid eligibility and CMS-facing operations support. Its Health Services segment competes with NewWave for state Medicaid and federal health IT modernization work, including data quality and systems integration.

Others

• Mathematica: Mathematica is a research and analytics firm that partners with NewWave to deliver the Imersis Medicaid data quality product. It is included as an adjacent ecosystem participant because of the co-development relationship on T-MSIS analytics, not as a direct competitor.

Broad incumbents

• Booz Allen Hamilton: Booz Allen Hamilton is a major federal consulting firm with significant health IT and CMS work, including data analytics and interoperability advisory. It competes for similar HHS and CMS engagements, though as part of a much larger federal portfolio.
• Leidos: Leidos is a large federal contractor with substantial health IT and CMS-facing work including Medicaid systems and interoperability. It competes with NewWave on prime contract bids and offers a broader portfolio that can outflank NewWave on bundled task orders.
• NTT DATA Federal Services: NTT DATA Federal Services delivers IT systems integration and digital transformation to federal health agencies, including CMS. It competes for federal healthcare modernization contracts and offers scale and global delivery depth that NewWave does not match.

Emerging players

• 1upHealth: 1upHealth operates a FHIR-based platform that helps payers comply with CMS interoperability rules, including patient access, provider directory, and payer-to-payer APIs. It directly competes with OnyxOS in the regulated payer interoperability segment.
• Redox: Redox is a healthcare API integration platform purpose-built for FHIR-based interoperability between EHRs and applications. It overlaps directly with NewWave's OnyxOS in the FHIR interoperability layer, though Redox focuses on hospital systems and app developers rather than federal payers.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/NewWave_Tech
• YouTubeyoutube.com/channel/UC7Ni5YJgoPYg5jR_3p-9pvQ
• Facebookfacebook.com/NewWave.Telecom.and.Technologies
• LinkedInlinkedin.com/company/newwave_technologies
• Instagraminstagram.com/newwave_tech

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

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M&A1 record

Investments1 record

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Frequently asked questions about NewWave Technologies