IMAGINE Software Strengths, Domain Expertise, and Key Differentiators
ImagineSoftware's strengths lie in its servant leadership mindset, cutting-edge technology, and commitment to helping clients achieve their goals. The flagship product, ImagineBilling, offers an end-to-end software platform automating every aspect of the RCM process. The addition of ImagineEveryware and ImagineOne demonstrates the company's commitment to expanding capabilities in patient engagement, AI, reporting/analytics, and contract variance.
IMAGINE Software Recent Developments
ImagineSoftware has been making waves in the healthcare IT sector with its strategic moves and groundbreaking innovations. In 2019, the acquisition of ProviderAlly marked a pivotal moment in the company's trajectory, providing a robust addition to their revenue cycle management (RCM) capabilities. Fast forward to 2021, and ImagineSoftware receives a strategic growth investment from Marlin Equity Partners, aiming to accelerate growth and enhance technological capabilities. This partnership has led to ImagineSoftware's continuous revenue growth, solidifying its position as a leading provider of medical billing automation software.
IMAGINE Software Mergers and Acquisitions (M&A) Activities
The company's journey includes notable M&A activities, with the acquisition of Exchange EDI in July 2022, strengthening patient billing and collections functionality. Furthermore, the acquisition of Within Health in May 2023 underscores ImagineSoftware's commitment to advancing AI and machine learning in healthcare, specifically in radiology workflow automation. These strategic moves showcase the company's dedication to staying at the forefront of technological advancements.
IMAGINE Software Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying IMAGINE Software applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of IMAGINE Software and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified ImagineBilling, ImagineCoding, ImagineMedMC,Clearinghouse, BankingQ, ImagineEngagement, ImaginePay, ImagineSimplicity, HonorCare, ImagineAI, ImagineIntelligence, PowerOperations customers.
IMAGINE Software Overview
8757 Red Oak Blvd.
Charlotte, NC, 28217, United States
1 866-723-7971
https://www.imagineteam.com/
Ownership: - x
Number of Employees: 200
Functional Markets: Analytics and BI, CRM, ERP Financial, ERP Services and Operations,
Key Verticals: Healthcare,
IMAGINE Software Key Enterprise and Cloud Applications
ImagineBilling, ImagineCoding, ImagineMedMC,Clearinghouse, BankingQ, ImagineEngagement, ImaginePay, ImagineSimplicity, HonorCare, ImagineAI, ImagineIntelligence, PowerOperations
IMAGINE Software Revenues, $M:
| Type/Year | 2022 | 2023 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
IMAGINE Software Revenue Breakdown By Type, $M:
IMAGINE Software Enterprise Applications Revenues By Functional Markets, $M:
IMAGINE Software Enterprise Applications Revenues By Verticals, $M:
IMAGINE Software Revenues By Region, $M
| Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 Enterprise Applications Revenues, $M | 2023 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
IMAGINE Software Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
IMAGINE Software Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified IMAGINE Software Customers
No. of IMAGINE Software Customers: x
No. of IMAGINE Software Enterprise Applications Customers: x
No. of IMAGINE Software Cloud Customers: x
No. of IMAGINE Software Cloud Subscribers: 57000
ImagineSoftware currently serves more than 75,000 physicians across 43 specialties. ImagineSoftware solutions improve financial efficiency, build provider reputation, and ultimately improve the patient experience.
IMAGINE Software Market Opportunities, M&A and Geo Expansions
In 2021, Acubiz entered into a partnership with Innofactor, designating Innofactor as a reseller of Acubiz's complete portfolio of digital and automated Expense Management services. Innofactor, based in Finland, maintains a presence with offices and operations across all the Nordic countries.
In 2018, Acubiz has realized a turnover of DKK 34 million, which corresponds to a 17 % growth compared to the year before. The growth has been driven by continued customer acquisition alongside the expansion of engagements with existing customers. The growth has also called for a staff increase, which means that the company exited 2018 with 38 employees.
IMAGINE Software Risks and Challenges
While ImagineSoftware's growth is impressive, there are inherent risks in the rapidly evolving healthcare IT landscape. Internal risks may include challenges in effectively integrating acquired entities, and external risks involve regulatory changes and market competition. Go-to-market challenges may emerge as the company navigates through diverse healthcare ecosystems.
IMAGINE Software Ecosystem, Partners, Resellers and SI
ImagineSoftware's ecosystem is expanding through strategic partnerships. The recent collaboration with HANK.ai showcases a commitment to automating the healthcare revenue cycle and business workflows. Integrations with ImagineOne and Claim Maker platform aim to streamline operations, drive efficiency, and fuel growth strategies for healthcare providers and medical billing organizations.
IMAGINE Software Cloud Infrastructure Insights
Subscribe to read more about:
- IMAGINE Software Public Cloud and Infrastructure (IaaS)
- IMAGINE Software Platform (PaaS)
- IMAGINE Software Application Delivery
- IMAGINE Software Private Cloud and Data Centers
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/About Ushttps://www.appsruntheworld.com/taxonomy
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