Waseel
Waseel is a Riyadh-based HealthTech company founded in 2003 that provides modular SaaS solutions — including revenue cycle management, pharmacy benefit management, hospital information systems, and telehealth — to healthcare providers and insurance companies across Saudi Arabia.
- Company typePrivate
- Founded2003
- HeadquartersRiyadh, Saudi Arabia
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Waseel does
Waseel ASP is a Riyadh-headquartered HealthTech company founded in 2003 that builds a modular healthcare information technology platform connecting healthcare providers, insurance companies, and patients across Saudi Arabia. Its product suite comprises core modules — WRCM (revenue cycle management), the PBM (pharmacy benefit management) engine, the Hospital Information System (HIS), the Dawy telehealth and appointment platform, and the PCP provider credentialing platform — supplemented by add-on modules including RCM Insights, Over Treatment Detection (OTD), and Medical Code Mapping/PCP. The architecture emphasizes interoperability with client ERPs and Saudi-specific healthcare coding and regulatory conventions, and is delivered with ISO 27001-certified security and PDPL-compliant data handling.
The company operates a B2B enterprise SaaS model, generating revenue through recurring subscription and platform fees under custom annual contracts negotiated via direct enterprise field sales. Its go-to-motion targets two primary customer segments — healthcare providers (hospitals, clinics, centers) and insurance companies/TPAs — supported by event-based marketing, a corporate website with demo CTAs, and active social channels. AI/ML capabilities are applied in narrow, functional contexts (anomaly detection for over-treatment, predictive analytics for revenue cycle, automation in claims and formulary management) rather than as a standalone productized capability.
Waseel reports serving 50+ healthcare leaders in KSA and self-positions as the leading healthcare technology solution in Saudi Arabia, citing claims-processing improvements and up to 20% cost savings on the payer side. The company is privately held with no disclosed funding rounds or parent company, operates with 51-100 employees, and has been observed deploying capital externally as a limited partner/investor in regional startups (e.g., participation in COLABS' $8M+ funding round).
Waseel firmographics
Firmographics- Name
- Waseel
- Legal name
- Waseel ASP
- Website
- https://waseel.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Waseel is a Riyadh-based HealthTech company founded in 2003 that provides modular SaaS solutions — including revenue cycle management, pharmacy benefit management, hospital information systems, and telehealth — to healthcare providers and insurance companies across Saudi Arabia.
- Ownership category
- akta.pro rank
Waseel industry classification
Industry- Product category
- Healthcare Technology / HealthTech Software
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)
- akta.pro primary industry
- Healthcare Provider ERP (Hospital Operations, Supply Chain, Finance) (HDAEAEAH)
- akta.pro secondary industry
- Pharmacy/Medication Management & Virtual MTM (Payer-Sponsored) (HLALACAK)
Keywords
Where Waseel is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices1 record
Markets served
Waseel business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Healthcare IT Solutions: B2B SaaS model providing healthcare technology solutions to insurance companies, hospitals, and healthcare centers in Saudi Arabia. Revenue appears to be generated through software licensing and platform fees to healthcare organizations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise B2B pricing - custom quotes based on organization size and needs |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Waseel product offering
Product offeringCore offering
Waseel sells a suite of healthcare technology software products that connect healthcare providers and insurance companies across Saudi Arabia. Its core offerings include a Revenue Cycle Management system (WRCM), a Pharmacy Benefit Management engine (PBM), a Hospital Information System (HIS), a telehealth and appointment platform (Dawy), and a Provider Credentialing Platform (PCP), along with add-on modules for analytics, over-treatment detection, and medical code mapping. The platform is sold to hospitals, clinics, healthcare centers, and health insurers/TPAs in KSA.
Product overview
Waseel is a HealthTech platform in Saudi Arabia offering a comprehensive suite of healthcare technology solutions. The platform operates on a modular architecture consisting of core products (WRCM, PBM Engine, Dawy Telehealth, PCP, and Hospital Information System) complemented by specialized add-on modules (RCM Insights, OTD, and Medical Code Mapping). WRCM serves as the primary revenue cycle management system, while the PBM Engine handles pharmacy benefits. Dawy provides telehealth capabilities, and HIS offers hospital-wide information management. The modular products work together to provide end-to-end coverage for providers, payers, and patients across the healthcare ecosystem.
Differentiator
Problem solved
Functional benefit
Products and services
- WRCM (Waseel Revenue Cycle Management) A revenue cycle management system that optimizes revenue flow and provides real-time access to patient information and financial data, designed for healthcare providers such as hospitals and clinics in Saudi Arabia.
- PBM (Pharmacy Benefit Management) Engine A pharmacy benefit management tool that simplifies pharmacy benefit administration, ensuring billing accuracy and reducing overhead costs, intended for health insurers, TPAs, and providers.
- Hospital Information System (HIS) A next-generation hospital management information system that delivers operational efficiency and optimal patient care through comprehensive healthcare information management for hospitals and large healthcare facilities.
- Dawy Telehealth & Appointment System A telehealth platform enabling virtual medical consultations, appointment booking, and prescription management to enhance patient access to care, used by healthcare providers and patients.
- PCP (Provider Credentialing Platform) A platform for managing healthcare provider credentials, qualifications, and professional standing, intended for healthcare organizations and payers in Saudi Arabia.
- RCM Insights An analytics and reporting module that provides data-driven insights for financial performance optimization and strategic decision-making in revenue cycle operations, used by healthcare providers alongside WRCM.
- OTD (Over Treatment Detection) A fraud detection module that identifies unusual or excessive treatment patterns in healthcare claims to prevent unnecessary healthcare costs and ensure compliance, used by insurance companies and payers.
- MPC (Medical Code Mapping Solution) A solution for mapping medical codes to ensure accurate coding, billing, and compliance across healthcare systems, used by healthcare providers and payers.
Quantifiable outcome
- Insurance companies can save up to 20% on healthcare costs
- +2 more outcomes
Companies that use Waseel
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles2 records
Waseel technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature6 records
Waseel partnerships and signals
Strategic signalScale indicators3 records
Recent moves5 records
Expansion highlights4 records
Waseel competitors and assessment
Company assessmentBroad incumbents
- Oracle Health (Cerner): Oracle Health (formerly Cerner) is a global enterprise EHR and hospital information system provider. Directly comparable to Waseel's HIS product as both target hospitals and large health systems with comprehensive clinical and operational platforms, though operating at much larger global scale.
- InterSystems: InterSystems provides healthcare data platforms and interoperability solutions (HealthShare, TrakCare) used by hospitals and ministries of health globally. Comparable to Waseel's interoperability focus and HIS offering, particularly in MENA government health initiatives.
- Epic Systems: Epic is the leading US-based EHR vendor for large hospital systems and academic medical centers. Comparable to Waseel on the hospital information system and integrated provider platform dimension, though Epic focuses on very large enterprise health systems rather than regional markets.
Emerging players
- Vezeeta: Vezeeta is a MENA digital health platform offering doctor booking, telehealth, and pharmacy delivery. Comparable to Waseel as a regional healthtech serving both providers and patients across the Middle East, though focused on consumer booking rather than payer-provider interoperability.
- Altibbi: Altibbi is a leading MENA telehealth and digital health content platform serving patients and providers. Comparable to Waseel's Dawy telehealth offering, with overlapping remote consultation and appointment booking capabilities, though operating primarily in Levant markets.
- Cura Healthcare: Cura is a MENA-based telehealth and digital health platform serving patients and corporate clients. Comparable to Waseel's Dawy telehealth product with overlapping virtual consultation and appointment booking features, though focused on patient-facing channels rather than payer-provider integration.
Others
- Lean Technologies: Lean is a Saudi-based open banking and financial data API platform. Comparable to Waseel as a fellow Saudi-headquartered B2B SaaS serving regulated enterprises, though focused on financial data infrastructure rather than healthcare. Useful as a regional B2B SaaS comparables benchmark.
Direct peers
- Tabeeb: Tabeeb is a Saudi doctor booking and healthcare provider search platform. Comparable to Waseel's Dawy telehealth and appointment booking product, both serving the Saudi healthcare consumer market with provider discovery and booking functionality.
- Nala (Now Health): Nala is a Saudi-based digital health insurance platform connecting insurers, providers, and patients. Directly comparable to Waseel as a KSA healthtech serving both payers and providers with claims management and care navigation, competing head-to-head in the Saudi market.
- MedGulf: MedGulf is a Saudi health insurance company and TPA that administers claims and benefits for major Saudi employers and members. Comparable to Waseel's payer-side operations (PBM, claims processing) as both serve the Saudi health insurance ecosystem with claims and benefit administration.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Waseel social profiles
Digital presenceWaseel compliance and trust
Trust signalCompliance1 record
Waseel financial estimates
Financial estimateRevenue estimate
Valuation estimate
Waseel leadership team
Management profileNumber of profiles
Waseel funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Waseel M&A and investment
M&A and investmentM&A
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Waseel
What does Waseel do?
Waseel sells a suite of healthcare technology software products that connect healthcare providers and insurance companies across Saudi Arabia. Its core offerings include a Revenue Cycle Management system (WRCM), a Pharmacy Benefit Management engine (PBM), a Hospital Information System (HIS), a telehealth and appointment platform (Dawy), and a Provider Credentialing Platform (PCP), along with add-on modules for analytics, over-treatment detection, and medical code mapping. The platform is sold to hospitals, clinics, healthcare centers, and health insurers/TPAs in KSA.
Is Waseel a public or private company?
Waseel is a private company. It is classified as unknown and is currently operating.
When was Waseel founded?
Waseel was founded in 2003. It employs 51 to 100 people.
Where is Waseel based?
Waseel is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does Waseel make money?
One revenue line is on record: healthcare IT Solutions.
Who are Waseel's main competitors?
Broad incumbents on record are Oracle Health (Cerner), InterSystems and Epic Systems. Emerging players are Vezeeta, Altibbi and Cura Healthcare. Lean Technologies is listed as an others. Direct peers are Tabeeb, Nala (Now Health) and MedGulf.
Does Waseel have an API?
No public API is recorded for Waseel.
What industry is Waseel in?
Waseel's product category is Healthcare Technology / HealthTech Software. Its primary akta.pro industry code is HDAEAEAH, Healthcare Provider ERP (Hospital Operations, Supply Chain, Finance), with a secondary code of HLALACAK, Pharmacy/Medication Management & Virtual MTM (Payer-Sponsored). Its NAICS code is 524292 and its SIC code is 7372.