1
Klaim
Dubai, United Arab Emirates
Klaim is an InsureTech platform offering a SaaS medical claim management and financing platform all in one
- Revenue
- $4.1M
- Year founded
- 2020
- Funding
- $2.7M
- Team size
- 42
Top 10 Health Insurance Software Companies With $1M–$5M Revenue (September 2026)
As of September 2026, Latka tracks 10 health insurance software companies with $1M–$5M in annual revenue. They have combined revenues of $24.1M and employ 271 people. They have raised $11.5M and serve 131 customers combined.
Every company below sells health insurance software to other businesses and is ranked by its most recent annual revenue. Revenue, funding, headcount and customer figures come from CEO interviews on the Latka podcast, public company filings, and Latka estimates where a company has not disclosed a number.
What Health Insurance Software Companies do
Health insurance software encompasses a range of applications designed to manage the administrative and operational processes within the health insurance sector. These solutions facilitate the handling of claims, billing, patient data, and compliance with regulatory requirements. By automating core tasks, they enhance operational efficiency and reduce the potential for errors in critical workflows. Typical use cases include streamlining claims processing, automating billing cycles, and ensuring compliance with healthcare regulations. The software is commonly utilized by insurance providers, healthcare organizations, and third-party administrators. Key features often include claims management tools, fraud detection capabilities, analytics for patient data, and integration with other healthcare systems for enhanced data flow.
- Companies
- 10
- Revenue
- $24.1M
- Funding
- $11.5M
- Employees
- 271
Filters
Sorting: Highest -> Lowest
Top Health Insurance Software Companies With $1M–$5M Revenue
Showing 10 of 10 companies ranked by annual revenue.
2
Nexben
Minneapolis, Minnesota, United States
Provider of a cloud-based benefits quoting exchange platform intended to simplify the process of buying and selling health insurance. The company's platform offers a quoting engine that helps insurance agents to track and manage their clients, enabling consumers to select the best insurance policy from the market.
- Revenue
- $3.5M
- Year founded
- 2015
- Team size
- 57
3
AdminaHealth®
Old Greenwich, Connecticut, United States
AdminaHealth is a cloud-based provider of a powerful industry-recognized SaaS Billing Suite Platform for the employee benefits and insurance marketplace - automating invoice consolidation, reconciliation, and streamlining payment management. We integrate with leading Enrollment and Benefit Administration systems to ensure accurate premium billing services resulting in significant operational efficiencies. We support all billing types and coverages for small, medium, and enterprise businesses. The AdminaHealth Billing Suite has adopted the NIST Cybersecurity Framework and has earned the elite HITRUST CSF Certification®. Our goal is to continue to develop solutions that will lower benefit costs while maintaining or improving benefit levels. Learn more on our Resources page: https://adminahealth.com/resources/
- Revenue
- $3.3M
- Year founded
- 2016
- Team size
- 30
4
TPA Stream
Cleveland, Ohio, United States
Developer of a cloud based middleware software platform designed to make health benefits easier for employees and administrators. The company's web-based software automates claims collections for insurance industry third-party administrators and helps TPAs streamline their process and increase efficiency while eliminating the need for individuals to send paperwork to claims administrators, enabling third party administrators to save time managing claims and reduce the burden on participants and their employers.
- Revenue
- $3M
- Year founded
- 2014
- Team size
- 25
- Revenue
- $2.7M
- Customers
- 101
- Year founded
- 2016
- Team size
- 45
6
Medorion
Tel Aviv, Israel
Member-intelligence SaaS solution that helps Health Plans understand, predict and influence their members' behavior
- Revenue
- $1.9M
- Year founded
- 2017
- Funding
- $8.8M
- Team size
- 29
7
maxRTE
United States
maxRTE helps healthcare providers find insurance for patients. With 1 in 4 Americans having trouble paying medical bills, we strive to have impact for patients, providers, and our community. Our insurance discovery software locates unknown coverage from commercial and exchange plans, Medicare, Medicaid, Tricare, worker’s comp, and Cobra for 15-20% of all self-pay patients. We easily integrate with EHRs and our web-based portal ensures secured access for employees, no matter where they work. Visit maxrte.com to learn more about our software or submit a free test file today.
- Revenue
- $1.5M
- Team size
- 14
8
Wellmo
Otakaari, Finland
Developer of a mobile health platform created to manage employee wellness programmes. The company's healthcare platform connects insurance companies and progressive service providers with its members to facilitate preventive healthcare services, enabling companies to promote and manage wellness programmes.
- Revenue
- $1.5M
- Year founded
- 2012
- Team size
- 17
- Revenue
- $1.3M
- Customers
- 30
- Year founded
- 2020
- Team size
- 1
10
medml.ai
Austin, Texas, United States
medml.ai is a Global Insurance AI SaaS Platform, pricing corporate policies within seconds. Along with underwriting , MedML also helps life and health insurers close provider rate negotiations, provider empanelment and claims adjudication within seconds.
- Revenue
- $1.2M
- Year founded
- 2021
- Team size
- 11
Frequently asked questions about Health Insurance Software Companies With $1M–$5M Revenue
How many health insurance software companies with $1M–$5M in annual revenue are there?
Latka tracks 10 health insurance software companies with $1M–$5M in annual revenue. Together they generate $24.1M in annual revenue and employ 271 people.
Which health insurance software company with $1M–$5M in annual revenue is the largest?
Klaim is the largest, with $4.1M in annual revenue, founded in 2020.
How much revenue does a typical health insurance software company with $1M–$5M in annual revenue make?
The average health insurance software company in this list makes $2.4M a year, across 10 companies with reported revenue. They serve 131 customers combined.
Who are the leading Health Insurance software vendors with $1M–$5M in annual revenue?
Ranked by annual revenue, the leaders are Klaim, Nexben, AdminaHealth®, TPA Stream and PLANIUM.
How much funding have health insurance software companies with $1M–$5M in annual revenue raised?
The 10 health insurance software companies with $1M–$5M in annual revenue tracked here have raised $11.5M in disclosed funding between them.
Related Vertical Industry Software categories
Inclusion Criteria
- Must provide functionalities for managing insurance claims and billing. - Should include automated tools for processing claims and preventing fraud. - Needs to support compliance with relevant healthcare regulations. - Must enable integration with other healthcare software systems. - Should offer analytics features for improved operational insights. - Not just for billing; must also facilitate comprehensive patient data management.