deNovis

company

About

deNovis provides advanced transaction processing and information management solutions for the health insurance sector.

Details

Last Funding Type
Series B
Last Funding Money Raised
$43.80M
Industries
E-Commerce,Enterprise Software,Financial Services,Health Care,Health Insurance,Software
Founded date
Jan 1, 1999
Operating Status
Close

deNovis Inc. is a leading provider of advanced transaction processing and information management solutions for the health insurance and health care benefits administration industry.

deNovis's highly innovative claims processing and data management software enables commercial and government health plans to reduce administrative costs, expand their range of products and services, increase speed-to-market of new products and enhance the quality of customer service. The company's flagship software product—eHD™—serves as the core administrative platform for health plans and is designed to deliver the sophistication necessary to meet both existing and emerging needs of commercial, Medicare and Medicaid healthcare benefits administrators. deNovis is also known for its technical innovations, including HICL™ technology, which allows complex healthcare transaction systems to be programmed by business analysts rather than computer programmers, using English language commands and the actual policies and business rules of the health plan.

deNovis's customer roster includes large commercial insurers and the U. S. Department of Health and Human Services—the nation's largest purchaser of healthcare and a provider of healthcare benefits to almost 80 million Americans.

The company's strategic alliance partners include IBM Corporation and Deloitte Consulting.

deNovis enterprise solutions for health plans are available for installation at customer locations or can be delivered on an outsourced or remote-hosted basis.

The company is privately held and is headquartered in Lexington, Massachusetts.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
$43.80M
deNovis has raised a total of $43.80M in funding over 2 rounds. Their latest funding was raised on Oct 16, 2001 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Oct 16, 2001 Series B $43.80M 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
deNovis is funded by 1 investors. JP Morgan Chase are the most recent investors.
Investor Name Lead Investor Funding Round
JP Morgan Chase Series B