ZirMed Inc.

888 West Market Street, Suite 400

Louisville, KY, 40202, USA

+1 877-494-7633

https://public.zirmed.com/

162

Recent Developments

Focused on Predictive Analytics in Healthcare as well as its core competency in revenue cycle management. In February 2016, ZirMed unveiled new Remit and Deposit Management apps that give up-to-date banking information to providers so they can quickly and accurately post payments.

Overview

Ownership: Private

Employees: 530

Functional Market: ERP Services and Operations Management,

Key Verticals: Healthcare,

ZirMed Inc. Key Enterprise & Cloud Applications

Revenue Cycle Management, Healthcare E Commerce, Coding and Compliance, Clearinghouse, Healthcare Analytics, Healthcare Financial Services

SCORES Analysis

ZirMed Inc. Strengths

ZirMed offers revenue cycle management applications for the healthcare industry, complementing the workflow from patient engagement to claims filing, and from payment processing to patient collections. ZirMed's applications cover clinical connectivity, analytics, eligibility verification, online payment, credit/debit card processing, claims management, coding compliancy and reimbursement management, electronic remittance advice, patient statements, patient estimation, patient e-commerce solutions and lockbox services. Additionally, ZirMed provides interfaces with practice management and Electronic Health Record systems.

 

In June 2015, ZirMed, unveiled it is launching a new denial and appeal management solution, expanding its denials management technology to give healthcare organizations an automated end-to-end solution to reduce denials. Recently, ZirMed built a Hadoop cluster running HDP for Windows 2.0. The results were five times the amount of usable storage and greater processing power, all for 30% of the cost of traditional enterprise technologies. By aggregating data from its network of over 1,200 payers, 200,000+ providers and millions of patients, ZirMed has created a national database of healthcare payment information that it uses to help providers reduce administrative burdens, drive patient engagement and increase financial performance.

 

In February 2016, ZirMed launched its Remit and Deposit Management solution. ZirMed’s new Remit and Deposit Management solution gives up-to-date banking information to providers so they can quickly and accurately post payments.

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  • Key differentiators
  • Domain Expertise
  • Product portfolio
  • Solution scope

ZirMed Inc. Revenues, $M:

Type/Year20112012201320142015YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe 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.

ZirMed Inc. Revenue Breakdown By Type, $M:

TypeLicenseServicesHardwareSupport & MaintenanceSaaS
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe

ZirMed Inc. Revenues By Region, $M

Region% of Total Revenues2015 Total Revenues, $M2015 Enterprise Applications Revenues, $M2015 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

ZirMed Inc. 2015 Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

ZirMed Inc. Customers

No. of Customers: Subscribe

No. of Enterprise Applications Customers: Subscribe

No. of Cloud Customers: Subscribe

No. of Cloud Subscribers: Subscribe

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  • Reference wins across regions
  • Customer Size segments
  • Customer wins momentum

ZirMed Inc. Opportunities

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  • Market Opportunities at the vertical and subvertical levels
  • Mergers and Acquisitions (M&A), Funding
  • Geo Expansions

ZirMed Inc. Risks

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  • Ability to handle internal and external risk and challenges

ZirMed Inc. Ecosystem

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  • Health of ecosystem
  • Network Effects of BPO, ISV, SI
  • VAR Partners
  • Direct vs Indirect sales

ZirMed Inc. Cloud Infrastructure Insights

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  • Cloud Infrastructure (IaaS)
  • Cloud Platform (PaaS)
  • Cloud Application delivery (SaaS)
  • Data Center (Hosting)

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).




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