Greenphire

Greenphire

Financial lifecycle management for clinical trials

About Greenphire

Simplify's Rating
Why Greenphire is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Enterprise Software

Healthcare

Company Size

201-500

Company Stage

Series B

Total Funding

$5.6M

Headquarters

Upper Merion Township, Pennsylvania

Founded

2007

Overview

Greenphire specializes in financial lifecycle management solutions specifically for clinical trials. The company offers a suite of software that automates financial processes such as budgeting, payment processing, and financial reporting, which helps clients like pharmaceutical companies and contract research organizations streamline their operations. By automating these tasks, Greenphire reduces administrative burdens and speeds up payment cycles, allowing clinical trial teams to concentrate more on patient care rather than financial management. Unlike its competitors, Greenphire focuses on maximizing financial transparency and control throughout the clinical trial process, providing tools that enhance data accuracy and offer comprehensive financial insights. The goal of Greenphire is to transform the financial management of clinical trials, making the process more efficient and effective for all parties involved.

📈
Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for decentralized trials boosts need for Greenphire's financial solutions.
  • Patient-centric trials align with Greenphire's focus on personalized payment solutions.
  • AI integration offers opportunities for predictive analytics in Greenphire's software.

What critics are saying

  • Emerging fintech companies pose competition, threatening Greenphire's market share.
  • Operational challenges may arise from integrating Clincierge's services.
  • Rapid tech advancements could render Greenphire's solutions obsolete without continuous innovation.

What makes Greenphire unique

  • Greenphire automates financial processes for clinical trials, reducing administrative burdens.
  • The company offers a comprehensive suite of software solutions for financial transparency.
  • Greenphire's recent acquisition of Clincierge enhances its participant experience platform.

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Funding

Total Funding

$5.6M

Below

Industry Average

Funded Over

2 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Flexible Work Hours

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

9%

2 year growth

1%
Clinical Research News
Nov 14th, 2024
Greenphire Appoints Product Management Expert Derek Bluestone as New Chief Product Officer

Greenphire, a leading innovator in software solutions for improving clinical research site performance and participant satisfaction, today announced the addition of product strategy expert Derek Bluestone as its new Chief Product Officer (CPO).

Greenphire
Nov 8th, 2024
Discover Greenphire: Where Innovation, Collaboration, and Culture Thrive

"Greenphire earned a Medtech Breakthrough award for the 5th year in a row this year for best Patient Engagement service."

PRWeb
Sep 10th, 2024
Citeline Partners with Greenphire to Provide the Industry's Most Comprehensive View into Clinical Trial Data

NEW YORK, Sept. 10, 2024 /PRNewswire-PRWeb/ - Citeline, a leader in intelligence solutions for the life sciences industry, has partnered with financial management software company Greenphire to power solutions enabling clinical research sponsors and CROs to plan cost-effective trials that recruit patients faster and launch more efficiently.

MyChesCo
Jul 1st, 2024
Greenphire Unveils Advanced Site Payments Solution to Streamline Clinical Trials

Greenphire unveils advanced Site Payments solution to streamline clinical trials.

Business Wire
Jun 18th, 2024
Greenphire Launches Industry's First Patient Experience Dataset Transforming Clinical Trial Planning and Providing a View Into the Patient Journey

Greenphire launches industry's first Patient Experience Dataset transforming clinical trial planning and providing a view into the patient journey.

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Greenphire is Hiring for 4 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Greenphire's jobs every few hours, so check again soon! Browse all jobs →

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