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Zelis Company Overview
Zelis Healthcare (commonly called Zelis) is a privately held healthtech company founded in 1995 (formerly known as Stratose) and headquartered in Boston, Massachusetts. It delivers a connected healthcare financial platform that enables payers, providers, and healthcare consumers to price, pay, and explain claims more efficiently. Zelis offers a suite of services—including claims cost management, provider network management, electronic payments, payment integrity, and consumer engagement tools—through its Advanced Payments Platform. Bolstered by acquisitions like Payspan (2022) and Sapphire Digital (2021), Zelis has rapidly expanded its scope to include provider payment automation, digital communication, and price transparency solutions. It serves over 700 payers, including top national and regional insurers, and reaches more than 1.5 million providers and consumers across the U.S. Zelis is backed by private equity firms including Bain Capital, Parthenon Capital, HarbourVest, Mubadala, and Norwest and continues to grow as a potential IPO candidate.