Who founded Health Cost IQ?

Health Cost IQ was founded by Adit Parasuram, Jude Odu in 2023.

Who are Health Cost IQ's investors?

Health Cost IQ's investors include Jumpstart Nova.

How much funding has Health Cost IQ raised?

Health Cost IQ has disclosed $4M raised across 3 rounds.

Where is Health Cost IQ headquartered?

Health Cost IQ is headquartered in Chandler, US.

Health Cost IQ

Chandler, US · Founded 2023 · Delaware corporation · 9 employees on LinkedIn · 1 known investors

Health Cost IQ (HCIQ) provides a healthcare intelligence and analytics platform that uses AI to identify and reduce healthcare spending waste, aiming to help organizations achieve 20-30% cost reductions. It serves employers and health plans by predicting and preventing cost inefficiencies through real-time analysis of health and pricing data.

AI & Machine Learning Digital Health Healthtech SaaS

Founders & leadership

Health Cost IQ was founded in 2023 by Adit Parasuram and Jude Odu.

Adit ParasuramChief Executive Officer

Jude OduCo-founder

Board

Marcus Whitney in 𝕏Executive ChairmanCo-Founder at Jumpstart Health Investors

Jeff PowellBoard director

Investors · 1

Jumpstart NovaNashville · $250K – $4M

Reported raises · per SEC filings

Form D private placements

$4M disclosed across 3 rounds · 2019–2025

▶$1.5MraisedJun 2026 · 1 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Marcus WhitneyDirector
Jeff PowellDirector
Adit ParasuramExecutive Officer, Director

Offering amount: $1.5M
Amount sold: $1.5M
First sale: Sep 2025
Incorporated: Corporation, Delaware, 2023
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$2.4MraisedAug 2023 · 3 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Jude K. OduExecutive Officer, Director

Amount sold: $2.4M
First sale: Jul 2023
Incorporated: Corporation, Delaware, 2023
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$155KraisedOct 2019 · 3 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

Jude OduExecutive Officer, Director

Amount sold: $155K
Minimum investment: $5K
First sale: Oct 2019
Incorporated: Limited Liability Company, Arizona, 2018
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Competitors · 2

by search overlap

IQVIA3 shared keywordsIQVIA provides data, analytics, AI, and technology-driven services for life sciences and healthcare organizations, spanning clinical development, real world evidence generation, and commercial execution. It offers integrated solutions for clinical trials, regulatory and safety compliance, and market analytics, including agentic AI products for commercial and R&D teams.

LeadIQ3 shared keywordsLeadIQ offers a company search tool that provides B2B company profiles with data such as revenue, employee count, funding, and contact information to help sales teams find decision makers and build pipeline.

Companies competing with Health Cost IQ for the same Google search keywords, organic and paid, via search-intersection analysis.

Frequently asked questions

What does Health Cost IQ do?: Health Cost IQ (HCIQ) provides a healthcare intelligence and analytics platform that uses AI to identify and reduce healthcare spending waste, aiming to help organizations achieve 20-30% cost reductions. It serves employers and health plans by predicting and preventing cost inefficiencies through real-time analysis of health and pricing data.
Who founded Health Cost IQ?: Health Cost IQ was founded by Adit Parasuram, Jude Odu in 2023.
Who are Health Cost IQ's investors?: Health Cost IQ's investors include Jumpstart Nova.
How much funding has Health Cost IQ raised?: Health Cost IQ has disclosed $4M raised across 3 rounds.
Where is Health Cost IQ headquartered?: Health Cost IQ is headquartered in Chandler, US.