ikaSystems is a Southborough, MA–based provider of cloud-based business process and automation solutions for health plan payers, led by CEO Joe Marabito. Its core platform helps health plans enter new markets, compete on federal, state and private exchanges, and simplify adherence to Centers for Medicare & Medicaid Services (CMS) regulations. Product suite includes ikaExchange (exchange connectivity, membership, claims, billing, data and workflow management, and reporting), ikaClaims for Medicare (claims processing for Medicare Advantage and other Medicare lines), and ikaMedicareGateway Fundamentals (streamlines essential business functions and increases enrollment speed and accuracy). In January 2014 the company raised roughly $15m from existing investors and said it would use the capital to continue expanding operations. The company’s solutions emphasize exchange connectivity, claims processing and regulatory compliance for Medicare and other lines of business. ikaSystems is a developer of business process management technology based in Southborough, MA. It provides business process optimization and intelligence management technology. The company serves health insurers across commercial, Medicare and Medicaid lines of business. ikaSystems describes itself as the premier provider of this technology. According to a company filing with the Securities and Exchange Commission, ikaSystems recently raised capital. The filing reports a $12.4 million round with six separate investors participating.

Total raised

$27M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2014