RefMed
- Company typePrivate
- Founded-
- HeadquartersLakeland, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
RefMed firmographics
Firmographics- Name
- RefMed
- Legal name
- RefMed
- Website
- https://refmed.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
RefMed industry classification
Industry- Product category
- Healthcare Pricing Data and Fee Schedule Software
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)
- SIC
- Hospital & Medical Service Plans (6324), Services-Computer Programming, Data Processing, Etc. (7370), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Payer-Provider Data Exchange (X12, prior auth, claims/clinical attachment) (HLACABAK)
- akta.pro secondary industry
- Billing, Payments & Subscription Support (BPAAABAC)
Keywords
Where RefMed is headquartered
LocationHeadquarters
- HQ city
- Lakeland
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
RefMed business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- TruePrice Subscription: Subscription-based access to UCR fee schedule data delivered via API or online portal. Covers all 50 states with geo-code level precision.
- TrueFee Subscription: Subscription-based access to workers' compensation, PIP, and Medicare fee schedule data. Includes online portal, API access, and downloadable files.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Quote-based pricing - contact for details |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels3 records
RefMed product offering
Product offeringCore offering
RefMed sells subscription-based access to proprietary healthcare pricing intelligence databases for payers, providers, government agencies, bill review companies, and ancillary services organizations. The company delivers its two flagship offerings — TruePrice (UCR fee schedule data based on current provider/payer contracts covering all 50 states at geo-code precision) and TrueFee (workers' compensation, PIP/Auto, OWCP, and Medicare fee schedules) — through API access, an online portal, and downloadable files.
Product overview
RefMed offers a dual-product portfolio for healthcare pricing transparency: TruePrice (UCR fee schedule solution) and TrueFee (workers' compensation and healthcare fee schedules). Both products are delivered via API and online portal, providing market-referenced pricing and fee schedule data to healthcare providers, payers, and government agencies.
Differentiator
Problem solved
Functional benefit
Brands
- TruePrice: Leading-edge solution for Usual, Customary, and Reasonable (UCR) fee schedules in the healthcare industry. Uses current negotiated contract data to provide real-time pricing information with nationwide coverage at the geo-code level.
- TrueFee
Products and services
- TruePrice TruePrice is a UCR (Usual, Customary, and Reasonable) fee schedule solution providing real-time, contract-based pricing data with nationwide coverage across all 50 states at geo-code level precision (first three digits of zip code). It is delivered via API and online portal and is used by healthcare providers, payers, ancillary services organizations, and government agencies to support reimbursement optimization, claims pricing, and contract negotiations.
- TrueFee TrueFee is a comprehensive data service covering state workers' compensation fee schedules (46 states), federal workers' compensation (OWCP), state PIP/Auto fee schedules (8 states), and Medicare fee schedules nationwide. It includes state-specific implementation notes and real-time updates when state or federal governments release new fee schedules, delivered via online portal, API, or downloadable files for offline use.
Quantifiable outcome
- Covers all 50 states with geo-code level precision for UCR pricing
- +3 more outcomes
Companies that use RefMed
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles4 records
RefMed technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
RefMed partnerships and signals
Strategic signalScale indicators4 records
Recent moves4 records
Expansion highlights3 records
RefMed competitors and assessment
Company assessmentDirect peers
- Availity: A healthcare information network that facilitates payer-provider data exchange, eligibility, prior authorization and clinical/claims data flows. Comparable to RefMed on the payer-provider data infrastructure layer, though broader in scope and deeper in payer EDI integration.
- HealthCare Bluebook: Provides market-based price benchmarking and quality data to employers, payers and providers for fair reimbursement decisions. Competes head-to-head with RefMed on UCR-style pricing intelligence used to optimize reimbursements and steer patients/care to fair-priced providers.
- Turquoise Health: A healthcare price transparency platform that aggregates hospital, payer and procedure-level negotiated rates to support employer/payer contracting and provider analytics. Overlaps RefMed on price transparency data feeds and serves many of the same payer and provider buyers via API-driven delivery.
- FAIR Health: A nonprofit aggregator of healthcare claims data and the dominant UCR/charge benchmark used by payers, bill review vendors and government agencies. Directly competes with RefMed's TruePrice product on the same buyer set, with the same underlying mission of pricing transparency.
Broad incumbents
- Change Healthcare (Optum): Acquired by Optum, operates one of the largest healthcare data and analytics platforms spanning claims processing, payment integrity, clinical and pricing intelligence. Competes with RefMed as a broad incumbent in healthcare reference data, with much greater scale and embedded payer relationships.
- Definitive Healthcare: Healthcare commercial intelligence company providing provider, hospital and claims-based analytics to life sciences, payers and provider systems. Adjacent competitor to RefMed in the healthcare analytics/data products category targeting similar enterprise buyers.
- Milliman: Global actuarial and consulting firm that publishes proprietary healthcare fee schedules, benchmark databases and payment integrity tools (e.g., MedInsight). Overlaps with RefMed's TrueFee and TruePrice use cases for health plans, employers and government agencies needing benchmark pricing.
- Experian Health: Healthcare data, identity, eligibility and analytics arm of Experian serving payers, providers and bill review vendors. Overlaps with RefMed on healthcare data products sold into payer/provider revenue cycle workflows, though embedded in a broader consumer/financial data portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
RefMed social profiles
Digital presenceRefMed financial estimates
Financial estimateRevenue estimate
Valuation estimate
RefMed leadership team
Management profileNumber of profiles
Profiles1 record
RefMed funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RefMed 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 RefMed
What does RefMed do?
RefMed sells subscription-based access to proprietary healthcare pricing intelligence databases for payers, providers, government agencies, bill review companies, and ancillary services organizations. The company delivers its two flagship offerings — TruePrice (UCR fee schedule data based on current provider/payer contracts covering all 50 states at geo-code precision) and TrueFee (workers' compensation, PIP/Auto, OWCP, and Medicare fee schedules) — through API access, an online portal, and downloadable files.
Is RefMed a public or private company?
RefMed is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was RefMed founded?
RefMed was founded in -1. It employs 11 to 50 people.
Where is RefMed based?
RefMed is headquartered in Lakeland, United States, in the North America region.
How does RefMed make money?
Two revenue lines are on record. TruePrice Subscription is the primary driver. The others are trueFee Subscription.
Who are RefMed's main competitors?
Direct peers on record are Availity, HealthCare Bluebook, Turquoise Health and FAIR Health. Broad incumbents are Change Healthcare (Optum), Definitive Healthcare, Milliman and Experian Health.
Does RefMed have an API?
Yes. Both TruePrice and TrueFee products offer API access for seamless integration into existing systems. TruePrice provides 'effortless access via API or Online Portal' enabling pricing data lookups. TrueFee offers 'a powerful API for seamless integration' alongside an online portal and downloadable files for offline use.
What industry is RefMed in?
RefMed's product category is Healthcare Pricing Data and Fee Schedule Software. Its primary akta.pro industry code is HLACABAK, Payer-Provider Data Exchange (X12, prior auth, claims/clinical attachment), with a secondary code of BPAAABAC, Billing, Payments & Subscription Support. Its NAICS code is 524292 and its SIC code is 6324.