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Company Profiles: Revenue, Growth, Competition

OPTIMIZERX Revenue, Growth & Competitor Profile

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Company Awards

Brain Power (IP)
Patent/Trademark IP
 
VC / Private Equity
Venture Capital / Private Equity

Company Profile & Annual Report for OptimizeRx

Access the complete profile.

OptimizeRx Fast Facts

Revenue$10 - $50 million    See Exact Annual Revenue
Employees10 - 100Exact Company Size
Primary Industry5411 Legal Services
Additional NAICS Codes541
Address400 Water St, Suite 200
Rochester, MI 48307

Note: Revenues for privately held companies are statistical evaluations.


OptimizeRx's annual revenues are $10-$50 million (see exact revenue data) and has 10-100 employees. It is classified as operating in the Legal Services industry.


OptimizeRx's Annual Report & Profile shows critical firmographic facts:
  • What is the company's size? (Annual sales and employees)
  • What industry is the company in?

OptimizeRx Annual Revenue and Growth Rate

OptimizeRx Revenue Est.
($ Million)
Growth Rate (%)# Employees
2016 Details in Premium Report
2015
2014
2013
2012


1-Year Growth Rate:
3-Year Growth Rate (CAGR):
Premium Report

Note: OptimizeRx's revenues are gauged from an analysis of company filings.



Investor Activity

OptimizeRx has actively raised capital from investors. These investors may include private investors, venture capital firms, or other investment vehicles.

Date Investors Percent Raised Target Size
May 11, 2018 6 100%$9 MM
Complete list of funding rounds and total amounts in the Company Report




OptimizeRx's Income Statement (based on Industry Averages)

$ Millions
(Industry Average)
OptimizeRx Revenue (Sales) OptimizeRx Premium Report
Cost of Goods Sold
Gross Profit

Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit
 


Trademark Applications

Trademark applications show the products and services that OptimizeRx is developing and marketing. OptimizeRx doesn't have any recent trademark applications, indicating OptimizeRx is focusing on its existing business rather than expanding into new products and markets. Trademarks may include brand names, product names, logos and slogans.

Trademark Date
VOUCHERDVM
Promoting the sale of pharmaceuticals of others by disseminating information concerning pharmaceuticals to physicians via the Internet; business consulting relating to facilitating the prescription and distribution of pharmaceutical samples by physicians via the Internet
04/09/2014
OPTIMIZEHR
Business consulting in the field of electronic health records, namely, facilitating, developing, launching, and implementing advertising and promotional campaigns for others to be distributed with electronic health records; business marketing consultation, namely, promoting the goods and services of others through advertising and promotional campaigns distributed with electronic health records
09/04/2013
OPRX
Downloadable computer software providing electronic pharmaceutical discount coupons, pharmaceutical sample vouchers, prescription savings programs, prescription trial programs, co-pay coupons, electronic patient support tools, pharmaceutical safety information, patient education materials, patient access to drug adherence and savings programs, scheduling of appointments between health care sales representatives and health care providers, pharmaceutical sales representative information, identification of drug formulary coverage, identification of drugs for treating conditions, prescription drug search databases, electronic drug prescriptions, pharmaceutical coupon redemption tracking, pharmaceutical sample tracking, and practice workflow management
09/04/2013

See all trademarks and details in the Full Report.


Patent Applications

Patent applications show OptimizeRx's intellectual property, its current capabilities and future direction. OptimizeRx has applied for 2 patents since 2009. OptimizeRx's most recent patent was filed in September 2013 for Method And System For Promoting Medications. A method for promoting prescription medication, comprising: receiving, by an electronic prescribing application, a request for information regarding a medication from a healthcare provider; retrieving information for a given medication which satisfies the request, where the retrieved information includes an indicia of a financial incentive associated with the given medication; presenting the given medication, along with the indicia, on a display; receiving an indication that the given medication is to be prescribed to a patient by the healthcare provider; requesting information regarding the financial incentive from a server; receiving the information regarding the financial incentive from the server; presenting the information regarding the financial incentive on the display; and sending a prescription for the given medication electronically to a pharmacy, where the prescription includes a portion of the information regarding the financial incentive.


Patent Application Date
Complete list of patent applications




Recession Risk

Determine whether OptimizeRx grew or shrank during the last recession. This is useful in estimating the financial strength and credit risk of the company. Compare how recession-proof OptimizeRx is relative to the industry overall. While a new recession may strike a particular industry, measuring the industry and company's robustness during the last recession estimates its ability to weather future recessions.



Market Share of Competition: OptimizeRx vs. Largest Competitors

A competitive analysis shows these companies are in the same general field as OptimizeRx, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company HeadquartersRevenue ($ MM)
TMPA LEGALAustin, TX100 
OHIO AFSCME CARE PLANCleveland, OH97 
UFCW LEGAL ASSISTANCE FUNDAtlanta, GA64 
CHG COMPANIESMidvale, UT26 
BAKER & MC KENZIEChicago, IL21 
PROFESSIONAL LAW ENFORCEMENT ASSOCIATIONTroy, MI20 




Nearby Competitors

These companies are similar in business line and location to OptimizeRx. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company HeadquartersRevenue ($ MM)
POTESTIVO & ASSOCIATES A PROFESSIONALRochester, MI100 
LAW OFFICES OF MICHAEL R STILLFarmington Hills, MI32 
HERTZ SCHRAM PCBloomfield Hills, MI29 
DAWDA MANN MULCAHY & SADLER PLCBloomfield Hills, MI29 
TAUBEBloomfield Hills, MI27 
PLUNKETT COONEY P.C.Bloomfield Hills, MI26 




Similar Sized Companies near Rochester

These are similar in size and location to OptimizeRx.

Company HeadquartersRevenue ($ MM)
BLOOMFIELD HILLS FINANCIALBloomfield Hills, MI99 
NHK INTERNATIONALNovi, MI99 
MARXMODAPontiac, MI100 
FREIBORNE INDUSTRIESPontiac, MI100 
HI-TEXBloomfield Hills, MI100 
AGRIDIENTFarmington Hills, MI100 
COMMUNITY AMBULANCE SERVICEFarmington Hills, MI98 
LYON GEAR & MACHINERochester, MI98 
DUGGAN MANUFACTURINGShelby Township, MI98 
HORSTMANSterling Heights, MI98 
PULMONARY & CRITICAL CARE ASSOCIATES PCShelby Township, MI98 
ELOPAKWixom, MI98 




Fastest Growing Competitors

These companies are in the same general field as OptimizeRx and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

CompanyRevenue ($ MM)
OptimizeRx Competitors