XIFIN Strengths, Domain Expertise, and Key Differentiators
XIFIN is a provider of cloud-based software and services to diagnostic service providers. XIFIN's technology platform enables end-to-end connectivity from patient to payor, linking together the many stakeholders in healthcare delivery and optimizing for the best business and patient outcomes. Built on a secure, web services-based technology platform, XIFIN's core product is a cloud-based workflow application designed to help clients optimize billing and collection practices, automate billing workflow and reduce regulatory compliance risk.
XIFIN's health economics optimization platform also includes additional cloud-based applications, including a laboratory information system, physician and patient portals, enterprise-class business intelligence and a physician-collaboration network. By bringing together financial and clinical information and combining with advanced business intelligence, XIFIN aims to provide diagnostic service providers the ability to lower healthcare costs while improving patient outcomes.
XIFIN Recent Developments
In May 2020, XIFIN implemented VisualStrata to improve treatment processes for Utah Cancer Specialists, the largest community-based oncology and hematology treatment practice in Utah. VisualStrata® is the only precision medicine informatics platform on the market that curates and visualizes diagnostic, clinical, image and financial data across the patient journey through diagnosis, treatment and outcomes.
In August 2019, XIFIN upgrated its laboratory information system (LIS), XIFIN LIS 6. The expanded platform features enhancements that support high complexity, high volume labs, as well as new integrated capabilities available through strategic partners, including artificial intelligence (AI)-powered digital pathology workflow and genomic data interpretation, automated prior authorization, and test utilization decision support.
In January 2019, XIFIN unveiled VisualStrata the only precision medicine informatics platform that curates and visualizes diagnostic, clinical and financial data to document the patient journey through diagnosis, treatment, and outcomes.
In October 2018, XIFIN unveiled XIFIN Revenue Performance Management (RPM) 10 to help diagnostic providers improve revenue, performance, and client and patient engagement. XIFIN RPM 10 is the only diagnostic-specific revenue cycle management (RCM) solution that incorporates machine learning-driven capabilities and offers next-generation business intelligence visualization and analytics. The solution also features new tools to address growing patient responsibility needs.
XIFIN Mergers and Acquisitions (M&A) Activities
In July 2021, XIFIN acquired Computerized Management Services (CMS), Inc. Considered a premier solution within the radiology market, CMS provides a comprehensive suite of outsourced financial services focused on maximizing client revenue and cash flow. Its services leverage effective technology systems, integrations, analytics, and services, including RCM, strategic consulting, credentialing, and coding.
In 2015, XIFIN acquired VisualShare, a Salt Lake City-based medical informatics company specializing in diagnostic image management. VisualShare will expand XIFIN's capabilities to deliver enhanced continuity of care documentation, and facilitate multidisciplinary team collaboration through its Health Economics Optimization platform.
XIFIN Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying XIFIN 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 XIFIN 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 XIFIN platform, customers.
XIFIN Overview
Ownership: - x
Number of Employees: 400
Functional Markets: ERP Services and Operations Management,
Key Verticals: Healthcare, Life Sciences,
XIFIN Key Enterprise and Cloud Applications
XIFIN platform,
XIFIN Revenues, $M:
| Type/Year | 2020 | 2021 | 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.
XIFIN Revenue Breakdown By Type, $M:
| Type | License | Prof. Services | Hardware | Support & Maintenance | SaaS | PaaS | IaaS | Other (Non Enterprise Application Revenues) | Total |
|---|---|---|---|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | 100% |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
XIFIN Enterprise Applications Revenues By Functional Markets, $M:
XIFIN Enterprise Applications Revenues By Verticals, $M:
XIFIN Revenues By Region, $M
| Region | % of Total Revenues | 2021 Total Revenues, $M | 2021 Enterprise Applications Revenues, $M | 2021 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
XIFIN Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
XIFIN Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified XIFIN Customers
No. of XIFIN Customers: x
No. of XIFIN Enterprise Applications Customers: x
No. of XIFIN Cloud Customers: x
No. of XIFIN Cloud Subscribers: x
Four of the top five integrated delivery networks are using XIFIN solutions, which access and combine unmatched industry data. Among XIFIN customers are AI BioTech, AMS Reference Lab, GE Healthcare (Clarient Diagnostic Services), Integrated Oncology (US Labs), LabWest (Westcliff Laboratories), Myriad Genetics, NICL Laboratories, North Shore-LIJ Laboratories, Physicians Reference Laboratory, Sequenom, Sonora Quest Laboratories, Sunrise Medical Laboratories (Piedmont Medical Laboratory) and others.
XIFIN Market Opportunities, M&A and Geo Expansions
In July 2019, XIFIN achieved a series of milestones related to its leadership and innovation in diagnostic revenue cycle management (RCM), beginning with reaching $40 billion in gross annual claims billing for its hospital-based and independent diagnostic laboratory customers. The company is also unveiling that its hospital lab customers have realized an impressive 20-40% average improvement in cash collections, double to quadruple the industry norm. In addition, XIFIN has added MercyOne Des Moines Laboratory to its growing list of hospital and health system customers. Now, four of the top five integrated delivery networks are using XIFIN solutions, which access and combine unmatched industry data.
XIFIN acquired PathCentral, which provides pathologists with tools to increase revenue, improve operating efficiencies, ensure patient safety and sustain a competitive advantage including AP Anywhere, a cloud-based anatomic pathology and molecular diagnostics laboratory information system (LIS) that is the next generation of PathCentral's eTelenext, and seamlessly integrates the critical components of a pathology practice's day-to-day operations; and PathCentralPro.net, a comprehensive online information exchange and global digital consultation forum that enables pathologists to develop new revenue streams and collaborate around the world using digital pathology technology, social media and laboratory information system functionality in a single cloud-based platform.
XIFIN Risks and Challenges
XIFIN's ability to scale out its customer count will be key to its long-term success. Following its sale to PE firm GTCR, XIFIN is expected to ramp up its acquisition engine, which could pose some integration risks.
XIFIN Ecosystem, Partners, Resellers and SI
Among XIFIN partners are 3M, SAP BusinessObjects, eFax, First Data, Fabric Genomics, Matrix, Proscia, Pwnhealth, QualityStar, Glidian, RevSpring, Waveland Technologies and many more.
XIFIN Cloud Infrastructure Insights
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- XIFIN Public Cloud and Infrastructure (IaaS)
- XIFIN Platform (PaaS)
- XIFIN Application Delivery
- XIFIN 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:
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