What Accorded does

Accorded is a San Mateo, California-based healthcare actuarial software company founded in 2019 by Frank Cheung (CEO) and Thomas Bedington (CTO). The company operates Acumen, an "actuarial-as-a-service" platform that performs actuarial-grade data transformations and risk quantification for healthcare organizations. Acumen is built around modules covering Risk Adjustment, Episode of Care, the Tuva Model, Dynamic Benchmarking, Contract Performance, and Event Prediction, and is designed to be warehouse-agnostic, integrating with existing BI tools and data warehouses rather than displacing them. The company's target customer base spans health plans, providers, employers, pharmaceutical and life sciences firms, and benefits brokers and consultants, indicating a deliberate horizontal move across healthcare risk stakeholders.

Accorded monetizes through a sales-led enterprise go-to-market with quote-based pricing on Acumen licenses, supplemented by a forward-deployed actuarial consulting service that bundles modeling expertise alongside the software. The combination of software plus services is a deliberate strategy to overcome procurement friction in risk-sensitive healthcare organizations, where actuarial methodology must often be explained and validated alongside the tool. The company has achieved SOC 2 Type 2 compliance and runs an explicit partner program for brokers and consultants, indicating attention to enterprise procurement requirements and channel distribution from an early stage.

Capital structure is opaque: Accorded has closed at least two funding rounds — a seed round in May 2020 with Susa Ventures and TenOneTen Ventures participating, and a follow-on round in December 2021 — but neither round size nor total capital raised is disclosed. Headcount is reported in the 11-50 range, and there is no publicly available revenue, ARR, or customer logo information, which limits visibility into commercial traction.

Name

Accorded

Legal name

Accorded

Website

https://accorded.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Accorded provides an actuarial software platform for healthcare risk quantification, serving health plans, providers, employers, pharma/life sciences firms, and brokers. Its Acumen platform delivers risk adjustment, episode-of-care modeling, and predictive analytics, complemented by forward-deployed actuarial consulting.

Ownership category

akta.pro rank

Product category

Healthcare Actuarial Software

NAICS

Software Publishers (513210), Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Cost of Care, Spend Analytics & Financial Performance Management (HLACAHAJ)

akta.pro secondary industry

Real-World Data (RWD) Platforms & Clinical Data Curation (HLACAIAJ)

Keywords

• Actuarial software platform
• Healthcare risk analytics
• Claims data analytics
• Value-based care analytics
• Medical economics consulting

Headquarters

HQ city

San Mateo

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. Acumen Platform Subscription: SaaS platform subscription providing access to actuarial-grade data transformation, benchmarking tools, and analytics capabilities. Includes data cleaning, mapping, and enrichment services with forward-deployed actuarial support.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Accorded builds and sells the Acumen Platform, a managed actuarial data platform that ingests raw healthcare claims data, cleans, maps, and enriches it, and outputs analytics-ready, actuarial-grade tables in the customer's warehouse environment. The platform is paired with consulting services staffed by forward-deployed actuaries who support strategy, finance, and medical economics analytics, including benchmarks, ROI analysis, advanced actuarial models, and value-based care strategy.

Product overview

Accorded offers a unified portfolio combining a managed actuarial data platform with consulting services. The core offering is the Acumen Platform, which transforms fragmented healthcare claims into actuarial-grade analytics-ready tables. This platform is complemented by Consulting Services that provide forward-deployed actuaries supporting strategy, finance, and medical economics analytics. The Acumen Platform includes features such as Risk Adjustment, Episode of Care, Tuva Model, Dynamic Benchmarking, Contract Performance, and Event Prediction. Consulting Services include Benchmarks, ROI Analysis, Advanced Actuarial Models, and Value-Based Care Strategy. Together, the platform and services enable health plans, providers, and employers to price care, benchmark performance, and trust numbers behind contracts and board decks.

Differentiator

Problem solved

Functional benefit

Brands

• Acumen Platform: The flagship platform that transforms raw data into actionable actuarial insights, featuring Risk Adjustment, Episode of Care, Tuva Model, Dynamic Benchmarking, Contract Performance, and Event Prediction capabilities.

Products and services

• Acumen Platform A warehouse-agnostic, SaaS-delivered managed actuarial data platform for health plans, providers, employers, and other healthcare organizations bearing risk. It ingests raw claims, cleans, maps, and enriches the data, and delivers curated actuarial-grade tables into the customer's existing data warehouse and BI tools, supporting risk adjustment, episode-of-care analysis, dynamic benchmarking, contract performance monitoring, and event prediction.
• Consulting Services Tech-enabled actuarial expert services providing forward-deployed actuaries who support strategy, finance, and medical economics work for healthcare risk-bearing organizations. Engagements include benchmarks, ROI analysis, advanced actuarial models, and value-based care strategy advisory.

Quantifiable outcome

• 18.4% below benchmark cost
• +1 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Avalere Health: Healthcare-focused consulting and data analytics firm working with payers, providers, and life sciences companies. Comparable in providing actuarial-grade and policy-relevant analytics for value-based care and risk-bearing entities.
• Arcadia: Healthcare analytics platform built on aggregated claims and EHR data, used by health systems and ACOs for value-based care performance. Directly comparable in customer base (risk-bearing providers) and data-platform architecture.
• Health Catalyst: Healthcare data and analytics platform serving health systems and payers. Comparable as a warehouse-friendly analytics layer for value-based care, population health, and financial/contract performance — overlapping with Acumen's enterprise buyer set.
• Milliman: Global actuarial consulting firm with deep healthcare practice and proprietary analytics (e.g., MedInsight). Directly competes with Accorded in providing actuarial-grade analytics to health plans, providers, and employers, though primarily services-led.
• Wakely Consulting Group (an HMA Company): Healthcare actuarial and consulting firm serving health plans, providers, and employers. Directly competes with Accorded's actuarial-services offering, especially around pricing, value-based contracting, and benchmarking.

Broad incumbents

• Oliver Wyman: Global management consulting firm with a sizable healthcare actuarial practice serving payers, providers, and employers. Overlaps with Accorded on actuarial modeling, value-based care strategy, and benchmarking engagements.
• Optum (UnitedHealth Group): Diversified healthcare data, analytics, and consulting arm of UnitedHealth Group. Competes broadly in risk adjustment, value-based care analytics, and claims data transformation, but as part of a much larger portfolio rather than a niche actuarial specialist.
• Deloitte (Healthcare Actuarial Practice): Big-four professional services firm with a large healthcare actuarial and analytics practice. Competes for the same risk-bearing enterprise buyers via consulting engagements and managed analytics services, though bundled with broader advisory work.

Emerging players

• Datavant: Health data connectivity and linkage company enabling secure exchange of clinical and claims data. Adjacent to Accorded's data-handling layer — comparable as enabling infrastructure for risk-bearing analytics, though not a direct actuarial analytics competitor.
• Aetion: Real-world evidence and analytics platform for healthcare decisions. Comparable as a healthcare data platform serving payers, providers, and pharma with analytics-ready outputs, though more focused on RWE/RWD use cases than pure actuarial risk.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/AccordedInc
• LinkedInlinkedin.com/company/35640322

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors4 records

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

M&A

Investments

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

Frequently asked questions about Accorded