C
CorroHealth
Clinically-led analytics and technology for healthcare revenue cycle
About CorroHealth
CorroHealth provides clinically-led healthcare analytics and technology-driven solutions designed to improve the financial performance of hospitals, health systems, and health plans. The company was formed in 2020 through the merger of four organizations: TrustHCS, Visionary RCM, T-System, and RevCycle+. This strategic consolidation was aimed at offering a comprehensive suite of services to navigate the complexities of the healthcare financial landscape. The company is led by CEO Pat Leonard, a seasoned executive with extensive experience in healthcare leadership at companies like McKesson and Change Healthcare.
CorroHealth's business model centers on providing end-to-end revenue cycle management (RCM). This includes a wide array of services such as patient experience optimization, chargemaster services, utilization management, clinical documentation integrity (CDI), medical coding, and claims management. The company leverages artificial intelligence and automation to streamline workflows, reduce operational costs, and enhance accuracy for its clients. Key proprietary technologies include the VISION platform for clinical validation and PULSE, an AI-driven medical coding automation platform. Revenue is generated by providing these technology-driven services and solutions to its client base of healthcare providers and payers.
Since its inception, CorroHealth has pursued a strategy of growth through acquisitions to broaden its service offerings. Notable acquisitions include TCP Services and Analytics (2020) to enhance its AI and clinical documentation capabilities , Aergo Solutions (2022) for denial management expertise , Versalus Health (2022) for deeper analytics and regulatory leadership , and the major acquisition of Xtend Healthcare from Navient in 2024 for $365 million, which added significant scale and patient engagement capabilities. CorroHealth is primarily backed by private equity firms, with The Carlyle Group being a majority investor since its formation. In late 2024, Patient Square Capital made a strategic investment, joining Carlyle in sharing joint control of the company.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2020
- Headquarters
- Plano, United States
- Employees
- 7,756
- Open positions
- 26
- Dealroom signal
- 92.5/100
- Industry
- Enterprise Software
- Sector
- Other B2B Software
- Business model
- SaaS
- Client focus
- b2b
- Investment activity
- 4 companies, latest Jun 2025
- Capital deployed
- $0
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Jun 2025 | $0 | — | SANTECHTURE | ↗ |
| GROWTH EQUITY VCOther financing | Oct 2024 | $0 | — | The Carlyle Group · Patient Square Capital · TT Capital Partners · Sanaka Group | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for CorroHealth is 100K monthly website visits, up 203% over the last three months. CorroHealth's team grew 0% over the past year.
Open positions
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
SANTECHTUREDubai, United Arab EmiratesThe innovative use of our technology aids clinical and administrative staff with intelligence assisted patient administration and documentation
→
Xtend HealthcareHendersonville, United StatesProvider of revenue cycle software for the healthcare market
$365Mvaluation
PararevElgin, United StatesHFRI's AR recovery & resolutions services increase cash collections, decrease unpaid claims, and reduce denials and write-offs for businesses in healthcare
→
Aergo SolutionsUnited StatesCustomized revenue cycle management solutions for healthcare providers, leveraging technology and consulting to optimize financial performance
→
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later5 investors entered at this stage
The Carlyle Group
Patient Square Capital
TT Capital Partners- SGSanaka Group
- SANTECHTURE
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about CorroHealth on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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