Accolade

Accolade

A personalized health and benefits solution that dramatically improves the experience, outcomes and cost of healthcare for employers, health plans and their members. Learn more

Financials

Estimates*

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Revenues, earnings & profits over time
USD2021202220232024202520262027
Revenues170m310m363m414m467m532m601m
% growth29 %82 %17 %14 %13 %14 %13 %
EBITDA(38.7m)(129m)182m(69.3m)16.6m33.2m56.4m
% EBITDA margin(23 %)(42 %)50 %(17 %)4 %6 %9 %
Profit(50.7m)(123m)(460m)(99.8m)(85.7m)(73.2m)(64.1m)
% profit margin(30 %)(40 %)(127 %)(24 %)(18 %)(14 %)(11 %)
EV / revenue11.8x3.6x2.1x1.5x0.4x0.3x0.2x
EV / EBITDA-52.1x-8.7x4.2x-8.8x10.8x5.0x2.4x
R&D budget50.0m83.7m101m99.2m---
R&D % of revenue29 %27 %28 %24 %---
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DateInvestorsAmountRound
-

N/A

-

$20.0m

Series A
N/A

$4.0m

Debt

$16.9m

Series B

$30.0m

Series D
N/A

$2.8m

Series D

$22.5m

Series E

$71.1m

Series E

$50.0m

Series F

$20.0m

Early VC
N/A

$220m

Valuation: $1.2b

12.7x EV/LTM Revenues

-26.9x EV/LTM EBITDA

IPO
Total FundingCAD318m

Recent News about Accolade

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More about Accoladeinfo icon
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Accolade.com is a healthcare technology startup that aims to revolutionize the patient experience by combining traditional advocacy with modern technology. The company operates in the healthcare market, serving clients who are looking for a more streamlined and personalized healthcare experience.

Accolade's business model is centered around providing personal Health Assistants who guide patients through their healthcare journey. These Health Assistants are supported by a network of over 1000 top US physicians, ensuring that patients receive expert advice and care. The company also leverages advanced technology to provide predictive recommendations, smart applications, and seamless integrations, making the healthcare experience more efficient and connected.

The company generates revenue by offering its services to patients who are seeking a more personalized and efficient healthcare experience. Accolade also claims to save costs for its clients, with an average cost savings of $7k across musculoskeletal diagnoses.

Accolade's services result in improved treatment plans, with 90% of expert medical consults leading to better outcomes. The company also claims to improve treatment plans 60-70% of the time and to provide alternative diagnoses in up to 5% of consults.

In summary, Accolade.com is a healthcare technology startup that combines traditional advocacy with modern technology to provide a more personalized and efficient healthcare experience. The company operates in the healthcare market and generates revenue by offering its services to patients.

Keywords: Healthcare, Technology, Personal Health Assistants, Advocacy, Efficiency, Personalization, Cost Savings, Improved Treatment Plans, Alternative Diagnoses, Expert Medical Consults.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Accolade

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MD Insider
ACQUISITION by Accolade Aug 2019
PlushCare
ACQUISITION by Accolade Apr 2021
2nd.MD
ACQUISITION by Accolade Jan 2021