Overview
Product Information on Financial Health Rating (FHR)
Updated 13th October 2025
What is Financial Health Rating (FHR)?
Financial Health Rating (FHR) Pricing
Overall experience with Financial Health Rating (FHR)
Procurement Associate
30B + USD, Healthcare and BiotechFAVORABLE
“Solid financial risk assessment of suppliers with training support for further exploration”
Rapid Ratings provides a great, in-depth view of potential and current suppliers. We use this when evaluating potential suppliers as well as assessing current suppliers as part of our risk management strategy. The team at Rapid Ratings has been great in terms of answering questions and providing training to our employees on how to use their services.
Senior Associate
50M - 250M USD, BankingCRITICAL
“Financial Health Scores Offer Clarity but Lack Depth in Qualitative Context”
The service works well as a complimentary data point, supporting professional judgement rather than replacing it
About Company
Company Description
RapidRatings is a risk management firm that delivers transparency in financial health between business entities. The company specializes in advanced analysis of the financial stability of both private and public organizations across over 140 countries globally. Its primary function is to employ predictive analytics to offer insights into probable performances of suppliers, vendors, and other third parties.
Company Details
Company type
Private
Year Founded
2007
Head office location
New York, United States
Number of employees
51 - 200
Website
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Financial Health Rating (FHR) Reviews and Ratings
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- Procurement Associate10B+ USDHealthcare and BiotechReview Source
Solid financial risk assessment of suppliers with training support for further exploration
Rapid Ratings provides a great, in-depth view of potential and current suppliers. We use this when evaluating potential suppliers as well as assessing current suppliers as part of our risk management strategy. The team at Rapid Ratings has been great in terms of answering questions and providing training to our employees on how to use their services. - Senior Associate50M-1B USDBankingReview Source
Financial Health Scores Offer Clarity but Lack Depth in Qualitative Context
The service works well as a complimentary data point, supporting professional judgement rather than replacing it - Director of Supplier Risk Management10B+ USDManufacturingReview Source
Analyzing Financial Health Ratings: Insight and Usability
I like Rapid Ratings however it lacks a lot of depth in the HealthMark rating and the tool's usability. The FHR is outstanding and the service is outstanding, yet it is very expensive and not always affective and getting results. It takes a lot of effort internally to get FHR to be an effective program internally.
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