NEA Powered by Vyne

NEA Powered by Vyne

Leader in secured health information exchange.

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DateInvestorsAmountRound

N/A

Growth Equity VC
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD2019202020212022
Revenues0000000000000000
% growth-83 %67 %274 %
EBITDA0000000000000000
Profit0000000000000000
EV0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Dealroom estimates

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More about NEA Powered by Vyne
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Vyne, operating through its dental division Vyne Dental, which includes the brand NEA Powered by Vyne, functions as a pivotal player in the healthcare information exchange and revenue cycle management sectors. The company was originally founded as National Electronic Attachment, Inc. (NEA) in 1997. In 2019, Vyne was acquired by The Jordan Company, a middle-market private equity firm, which spurred an evaluation of growth opportunities. This led to a strategic investment in Renaissance Electronic Services in 2020, broadening its portfolio of electronic data interchange (EDI) products for dental practices. Subsequently, the dental business was rebranded to Vyne Dental, integrating the NEA and Renaissance brands to offer a unified suite of services.

The core of the business revolves around streamlining the cumbersome processes of dental insurance claims and payment resolution. Vyne Dental serves a substantial client base that includes over 84,000 dental offices, more than 800 hospitals and health systems, and over 800 insurance plans and payers across the United States. The company's revenue model is primarily subscription-based, offering its software solutions for a flat monthly fee, which provides dental practices with predictable operational costs. Through strategic acquisitions, such as Simplifeye in 2023, Vyne has expanded its capabilities to include next-generation payment processing and patient engagement tools.

Vyne Dental's flagship product is the FastAttach® solution, a HITRUST CSF Certified platform that enables dental providers to electronically transmit various types of attachments required for claim adjudication. This includes x-rays, periodontal charts, narratives, and explanation of benefits (EOB) documents. The system integrates with numerous dental practice management systems, allowing for a seamless workflow that reduces manual data entry and accelerates the revenue cycle. By digitizing and automating the attachment process, dental practices can reduce administrative costs associated with printing and mailing, improve claim processing speed, and better track submitted information. The platform also includes FastLook, a tool to look up specific payer attachment requirements, and offers secure, encrypted email through Vyne Connect. More recently, the company launched the Vyne Trellis® platform, an end-to-end system that encompasses electronic claims submission, attachment management, real-time eligibility verification, and patient payment processing.

Keywords: revenue cycle management, dental claims processing, electronic health information exchange, healthcare communication, secure claim attachments, dental billing software, patient payment solutions, insurance payer connectivity, dental practice management, healthcare data management, electronic data interchange (EDI), FastAttach, Vyne Trellis, encrypted email for healthcare, dental clearinghouse, insurance eligibility verification, claims management, dental technology, healthcare IT, revenue acceleration

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Investments by NEA Powered by Vyne

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MetroMile
ACQUISITION by Lemonade Nov 2021