ParaRev
- Company typePrivate
- Founded1985
- HeadquartersElgin, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
ParaRev firmographics
Firmographics- Name
- ParaRev
- Legal name
- CorroHealth, Inc.
- Website
- https://pararevenue.com
- Company type
- Private
- Founded year
- 1985
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
ParaRev industry classification
Industry- Product category
- Healthcare Revenue Cycle Management
- NAICS
- Software Publishers (5132), Custom Computer Programming Services (541511)
- SIC
- Services-Prepackaged Software (7372), Services-Management Services (8741)
- akta.pro primary industry
- Revenue Cycle, Coding & Telehealth Compliance Platforms (for provider orgs) (HLALABAM)
- akta.pro secondary industry
- Healthcare Provider ERP (Hospital Operations, Supply Chain, Finance) (HDAEAEAH)
Keywords
Where ParaRev is headquartered
LocationHeadquarters
- HQ city
- Elgin
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
ParaRev business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Revenue Cycle Management Services: Integrated end-to-end revenue cycle management solutions for hospitals and health systems, covering front-end patient experience, mid-cycle clinical documentation, coding, and end-cycle claims management and denials resolution. Solutions span fee-for-service and value-based care models.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
ParaRev product offering
Product offeringCore offering
ParaRev delivers an integrated, clinically led revenue cycle management platform-plus-services offering for hospitals and health systems. The core combines proprietary technology (PULSE autonomous coding, VISION clinical validation, PRISM enterprise RCM, and the SMART App for ED documentation) with managed services across utilization management, clinical documentation improvement, medical coding, claims management, denials management, value-based care, chargemaster, AR recovery, and patient experience.
Product overview
CorroHealth is a clinically led healthcare analytics and technology company offering an integrated platform-plus-services model for healthcare revenue cycle management. The core technology portfolio includes four named platforms: PULSE Coding Automation Technology™ (autonomous medical coding), VISION Clinical Validation Technology® (clinical documentation validation), PRISM Enterprise RCM Technology™ (comprehensive revenue cycle management), and the SMART App™ (ED documentation). These technology platforms are delivered alongside a comprehensive suite of managed services spanning the entire revenue cycle: Utilization Management, Clinical Documentation Improvement (CDI), Medical Coding, Claims Management, Denials Management, Value-Based Care, Chargemaster Services, AR Recovery, and Patient Experience services. The company bridges clinical documentation with financial outcomes, combining intelligent technology with expert clinical teams to drive accurate documentation, optimal reimbursement, and financial resilience for hospitals and health systems.
Differentiator
Problem solved
Functional benefit
Brands
- PULSE Coding Automation Technology™: Coding automation technology platform
- VISION Clinical Validation Technology®
- PRISM Enterprise RCM Technology™
- SMART App™
- PARA Data Editor
Products and services
- PULSE Coding Automation Technology™
Quantifiable outcome
- Strengthened financial performance for UHS through utilization management improvements
Companies that use ParaRev
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
ParaRev technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability8 records
Feature5 records
ParaRev partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights5 records
ParaRev competitors and assessment
Company assessmentBroad incumbents
- Optum (UnitedHealth Group): Optum's Revenue Cycle Management and Healthcare Analytics divisions offer overlapping technology and services across coding, CDI, denials, and AR recovery for hospitals and health systems. As part of UnitedHealth Group, it is a much larger incumbent with deeper EHR integration and broader capabilities than CorroHealth.
- R1 RCM: R1 RCM is one of the largest end-to-end revenue cycle management technology and services companies globally, serving large hospital systems. It competes across the full RCM continuum — patient access, coding, claims, denials — overlapping directly with CorroHealth's integrated offering.
- Experian Health: Experian Health offers revenue cycle management, identity management, and patient access solutions to hospitals and health systems. While broader in scope (including identity and credit), it overlaps with CorroHealth on eligibility, claims management, and denials automation.
- 3M Health Information Systems (now Solventum): 3M HIS (now Solventum) provides medical coding, clinical documentation improvement, and revenue cycle technology to hospitals and health systems. Its coding and CDI solutions directly compete with CorroHealth's CDI and PULSE Coding Automation offerings.
Direct peers
- Waystar: Waystar provides a cloud-based revenue cycle management platform spanning claims management, denials, patient access, and analytics for hospitals and health systems. It competes directly with CorroHealth's PRISM platform on enterprise RCM technology and serves the same core customer base.
- FinThrive: FinThrive provides end-to-end revenue cycle management technology, including claims management, denials prevention, patient access, and analytics for hospitals and health systems. Its platform-plus-services model and target customer segment closely mirror CorroHealth's positioning.
Emerging players
- SmarterDx: SmarterDx uses AI for clinical documentation integrity and revenue integrity, identifying missed diagnoses and revenue opportunities. Its AI-driven documentation validation capabilities are a direct competitor to CorroHealth's VISION Clinical Validation Technology.
- CodaMetrix: CodaMetrix provides AI-powered autonomous medical coding for hospital-based services, directly competing with CorroHealth's PULSE Coding Automation Technology. Both target the same inpatient and outpatient coding workflows with AI-driven solutions.
- AKASA: AKASA offers AI-powered revenue cycle management solutions for hospitals, including patient access, claims, and denials automation. It is an emerging competitor in the same AI-driven RCM automation space as CorroHealth's PULSE and PRISM platforms.
- Olive AI: Olive AI provides AI-powered workflow automation for healthcare, including revenue cycle operations. It overlaps with CorroHealth on intelligent automation across claims management, AR recovery, and denials in the hospital RCM space.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
ParaRev social profiles
Digital presenceParaRev financial estimates
Financial estimateRevenue estimate
Valuation estimate
ParaRev leadership team
Management profileNumber of profiles
Profiles1 record
ParaRev funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ParaRev 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 ParaRev
What does ParaRev do?
ParaRev delivers an integrated, clinically led revenue cycle management platform-plus-services offering for hospitals and health systems. The core combines proprietary technology (PULSE autonomous coding, VISION clinical validation, PRISM enterprise RCM, and the SMART App for ED documentation) with managed services across utilization management, clinical documentation improvement, medical coding, claims management, denials management, value-based care, chargemaster, AR recovery, and patient experience.
Is ParaRev a public or private company?
ParaRev is a private company. It is classified as unknown and is currently operating.
When was ParaRev founded?
ParaRev was founded in 1985. It employs 51 to 100 people.
Where is ParaRev based?
ParaRev is headquartered in Elgin, United States, in the North America region.
How does ParaRev make money?
One revenue line is on record: revenue Cycle Management Services.
Who are ParaRev's main competitors?
Broad incumbents on record are Optum (UnitedHealth Group), R1 RCM, Experian Health and 3M Health Information Systems (now Solventum). Direct peers are Waystar and FinThrive. Emerging players are SmarterDx, CodaMetrix, AKASA and Olive AI.
Does ParaRev have an API?
No public API is recorded for ParaRev.
What industry is ParaRev in?
ParaRev's product category is Healthcare Revenue Cycle Management. Its primary akta.pro industry code is HLALABAM, Revenue Cycle, Coding & Telehealth Compliance Platforms (for provider orgs), with a secondary code of HDAEAEAH, Healthcare Provider ERP (Hospital Operations, Supply Chain, Finance). Its NAICS code is 5132 and its SIC code is 7372.