Medinform Inc

What Medinform Inc does

MedInform, Inc. is a privately held healthcare revenue cycle services firm founded in 2000 and headquartered in Independence, Ohio, with an additional office in Dayton. The company serves hospital systems—primarily acute care hospitals and trauma centers—by recovering accident-related payments that have been delayed, denied, or written off as bad debt. Its core service involves on-site recovery specialists who work within hospital billing departments to identify third-party payers (auto insurance, health insurance, Medicare, and Medicaid), expedite billing, and counsel patients on financial aid when self-pay status applies. The company complements these professional services with ItemizedStatements.com, a HIPAA- and HITECH-compliant web portal that enables attorneys and third-party representatives to securely request and retrieve medical billing statements, UB-04, and HCFA documents.

The company's business model combines professional services revenue from accident recovery engagements with subscription/recurring revenue from the ItemizedStatements.com portal. Pricing is not publicly disclosed and appears to be quote-based with multi-year enterprise contracts, with the company claiming that a single recovered case can offset the annual cost of its engagement. Distribution is entirely direct: recovery specialists are embedded on-site at hospital client sites, and the sales motion is enterprise field sales targeting hospital administration, billing departments, and clinical staff. The company states it has been operating for over 21 years, with no disclosed funding rounds, acquisitions, or external investors.

MedInform's value proposition centers on regulatory compliance (HIPAA, HITECH, and Medicare/Medicaid third-party pursuit requirements), experienced recovery specialists with decades of combined expertise, and on-site integration into hospital workflows. Customer-reported outcomes include hospitals typically collecting over $1 million annually from previously self-pay accounts, a level 1 trauma center recovering $6.5 million in a single year, and level 2 or lower trauma centers typically seeing more than $1 million per year through MedInform's involvement. The company operates with 11-50 employees across Ohio and serves markets in the Midwest and Northeast US.

Name

Medinform Inc

Legal name

MedInform, Inc.

Website

https://medinforminc.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

MedInform, Inc. is a privately held Ohio-based healthcare revenue cycle firm founded in 2000 that provides on-site accident recovery and medical billing itemization services to hospital systems, plus the ItemizedStatements.com portal for attorneys and third-party representatives.

Ownership category

akta.pro rank

Headquarters

HQ city

Independence

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Accident Recovery Services: Professional services revenue generated from helping hospital systems recover payments from third-party payers (auto insurance, health insurance, Medicare/Medicaid) for accident-related treatments. Services are provided on-site at hospital facilities with staff working within the hospital system.
2. Itemization Solutions: Revenue from providing secure, online access to medical billing statements and documents for attorneys and third-party representatives through the ItemizedStatements.com portal. The portal offers document requests, communication, and payment processing.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

MedInform provides accident recovery and itemization solutions for hospital systems. Its recovery specialists work on-site within hospitals to identify third-party payment sources (auto insurance, health insurance, Medicare, Medicaid) for accident-related treatments and expedite reimbursement on previously self-pay accounts. It also operates ItemizedStatements.com, a secure HIPAA- and HITECH-compliant web portal that lets attorneys and third-party representatives request medical billing statements, UB-04, and HCFA documents online.

Product overview

Medinform Inc offers a unified suite of healthcare billing recovery and itemization solutions consisting of two core offerings: MedInform Accident Recovery services and the ItemizedStatements.com web application. The Accident Recovery service helps hospital systems recover missed payments from accident-related cases by interfacing with insurance providers (auto, health, Medicare, Medicaid), while ItemizedStatements.com provides a secure portal for attorneys and third-party representatives to obtain medical billing documents (statements, UB-04, HCFA forms). These offerings work together to help healthcare providers maximize reimbursement while ensuring regulatory compliance.

Differentiator

Problem solved

Functional benefit

Brands

• ItemizedStatements.com: A secure, online web application for attorneys or third-party representatives to obtain medical billing statements, UB-04 and HCFA documents. HIPAA and HITECH compliant.

Products and services

• MedInform Accident Recovery A recovery service that helps hospital systems recoup missed payments from accident victims. Recovery specialists work on-site within the hospital system, pursue auto insurance, health insurance, Medicare, and Medicaid claims, and counsel patients on financial aid opportunities when self-pay status is designated. The service is aimed at acute care hospitals, trauma centers, and healthcare systems that treat accident victims.
• ItemizedStatements.com

Quantifiable outcome

• Hospitals typically collect more than $1 million annually from previously self-pay accounts
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• CIOX Health: Health information management and medical record retrieval services for providers, payers, and legal requestors — comparable to MedInform's ItemizedStatements.com in serving attorney and third-party record requests through HIPAA-compliant workflows.
• MRO (Medical Records Online): Release-of-information and medical record retrieval platform serving hospitals and authorized requestors including attorneys and third parties — directly comparable to MedInform's ItemizedStatements.com offering in functionality and customer segments.
• The Rawlings Group: Provides subrogation, payment integrity, and accident-related recovery services to healthcare payers and providers — directly comparable to MedInform's Accident Recovery service in scope, customer base, and third-party payer coordination workflow.
• Verisma: Release-of-information platform helping hospitals fulfill medical record requests from attorneys, insurers, and third parties — comparable to MedInform's ItemizedStatements.com in serving the same legal/requestor segment with HIPAA-compliant document delivery.
• HealthMark Group: Release-of-information and medical record disclosure services for hospitals and authorized requestors — directly overlaps with MedInform's ItemizedStatements.com in customer type (legal/third-party requestors) and use case (billing statements, UB-04/HCFA access).

Broad incumbents

• R1 RCM: End-to-end healthcare revenue cycle management services including patient access, billing, and recovery — addresses the same hospital payment recovery problem as MedInform but with a much broader portfolio and enterprise-scale delivery.
• Waystar: Healthcare revenue cycle management platform covering claims, payments, denials, and patient access for hospitals — a broader incumbent that addresses similar hospital billing and recovery workflows as MedInform but across the full RCM stack.
• Availity: Healthcare information network enabling payer-provider data exchange, eligibility, and prior authorization — adjacent incumbent that touches the same third-party payer coordination workflows MedInform specializes in, but as a multi-sided platform rather than a recovery services firm.
• Experian Health: Healthcare revenue cycle management, identity verification, and patient access solutions for hospitals — adjacent incumbent addressing similar billing, eligibility, and payment workflows as MedInform's hospital-facing services.
• Optum: Diversified healthcare services arm of UnitedHealth Group including RCM, payment integrity, and analytics — overlapping capabilities with MedInform in payment recovery and third-party payer coordination, but embedded in a much larger portfolio.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/medinform-inc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

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 Medinform Inc