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Top 6 Insurance Billing Software Companies With $1M–$5M Revenue (September 2026)

As of September 2026, Latka tracks 6 insurance billing software companies with $1M–$5M in annual revenue. They have combined revenues of $16.8M and employ 153 people. They have raised $14.5M.

Every company below sells insurance billing 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 Insurance Billing Software Companies do

Insurance billing software facilitates the entire billing process for insurance providers, ensuring efficiency and accuracy in invoicing and payments. This type of software automates the tasks associated with creating invoices, submitting insurance claims, and managing reimbursements, thereby reducing manual errors and streamlining workflows. Typical features include automated claims submission, payment tracking, integration with accounting systems, and reporting tools for financial analysis. Users of insurance billing software often include finance departments in insurance companies, billing operations teams, and healthcare providers that require reliable billing solutions for insurance claims.

Companies
6
Revenue
$16.8M
Funding
$14.5M
Employees
153

Filters

Sorting: Highest -> Lowest

Filters

Top Insurance Billing Software Companies With $1M–$5M Revenue

Showing 6 of 6 companies ranked by annual revenue.

1Certifi logo
Certifi

Edina, Minnesota, United States

Developer of a billing and payments utility platform intended to simplify the process of billing and payment. The company's billing and payments utility platform performs all the functions of membership accounting, payment management, collections and remittance for digital benefits based billing and enables 100% electronic billing transactions in complex billing scenarios, including payer sponsored marketplaces for group and individual populations enabling health and benefits sellers and purchasers to use a better experience.

Revenue
$4M
Year founded
2006
Team size
26
2AdminaHealth® logo
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
3InsurePay logo
InsurePay

Nashville, Tennessee, United States

InsurePay is a workers' compensation administration and insurance premium billing platform for insurance providers.

Revenue
$3.3M
Year founded
2003
Funding
$5M
Team size
56
4Broker Buddha logo
Broker Buddha

United States

Provider of fintech for insurance brokerage fee collection, saving time and money.

Revenue
$2.9M
Year founded
2017
Funding
$9.5M
Team size
11
5Artemis ABA Inc. logo
Artemis ABA Inc.

Dallas, Texas, United States

Artemis ABA Inc. specializes in ABA clinical, practice management, and billing software designed to simplify and enhance the work of ABA providers. Many leaders in the field express frustration with costly, complex software that lacks essential reporting and analytics. To address these issues, we created Artemis ABA—a user-friendly, reliable, and scalable solution. Our platform provides a comprehensive solution covering all aspects of ABA services, including intake, scheduling, authorization unit management, treatment plans, data collection, session creation, insurance billing, payroll, parent portals, client invoicing, and advanced reporting with analytics and dashboards. Artemis ABA empowers providers to improve efficiency, clinical outcomes, compliance, and administrative workflows.

Revenue
$1.8M
Year founded
2017
Team size
16
6Toothy AI logo
Toothy AI

San Francisco, California, United States

AI for insurance verification & billing at dental clinics

Revenue
$1.5M
Year founded
2025
Team size
14

Frequently asked questions about Insurance Billing Software Companies With $1M–$5M Revenue

How many insurance billing software companies with $1M–$5M in annual revenue are there?

Latka tracks 6 insurance billing software companies with $1M–$5M in annual revenue. Together they generate $16.8M in annual revenue and employ 153 people.

Which insurance billing software company with $1M–$5M in annual revenue is the largest?

Certifi is the largest, with $4M in annual revenue, founded in 2006.

How much revenue does a typical insurance billing software company with $1M–$5M in annual revenue make?

The average insurance billing software company in this list makes $2.8M a year, across 6 companies with reported revenue.

Who are the leading Insurance Billing software vendors with $1M–$5M in annual revenue?

Ranked by annual revenue, the leaders are Certifi, AdminaHealth®, InsurePay, Broker Buddha and Artemis ABA Inc..

How much funding have insurance billing software companies with $1M–$5M in annual revenue raised?

The 6 insurance billing software companies with $1M–$5M in annual revenue tracked here have raised $14.5M in disclosed funding between them.

Related Vertical Industry Software categories

Inclusion Criteria

- Must automate the billing process, including invoice generation and claims submission - Should offer payment tracking and management features - Must integrate with other financial and accounting systems - Should provide reporting tools for financial analysis and tracking performance - Must cater to users in the insurance sector, including insurers and healthcare providers - Not limited to just invoicing; must also manage claims and reimbursements effectively