Medsphere

Overview
Healthcare Resourcing Platforms?
Product stageSegments
Seed
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Digital Procurement and Inventory Management
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Medsphere is a healthcare technology company that offers a comprehensive suite of software solutions for hospitals, healthcare providers, and integrated delivery networks. The company's flagship product is CareVue, an integrated electronic health record (EHR) system that incorporates clinical, financial, and patient accounting solutions for acute care and inpatient behavioral health environments. CareVue is designed to meet the specific needs of Medsphere's growing client base and is available through a unique subscription service, eliminating the need for a large upfront investment.

In addition to CareVue, Medsphere offers other healthcare IT solutions, including RCM Cloud, a revenue cycle management platform delivered via the Microsoft Azure cloud platform. RCM Cloud modules cover various aspects of revenue cycle management, such as scheduling, registration, medical records, billing, claims, accounts receivable follow-up, payment posting, and bad debt management.

For physician practices, Medsphere offers ChartLogic, an EHR and practice management software known for its proprietary command-and-control methodology, allowing users to create notes quickly and efficiently. ChartLogic is built for speed and efficiency, helping practices spend less time on cumbersome software and more time with patients.

Medsphere also provides HealthLine, a supply chain management solution that simplifies inventory management and helps boost revenue through reduced labor costs, more precise inventory tracking, and the ability to capture more charges.

In the emergency and urgent care segment, Medsphere offers Wellsoft, an award-winning EHR solution ranked as the #1 Emergency Department EHR by KLAS for over 14 years. Wellsoft has revolutionized emergency and urgent care delivery, helping clients enhance productivity, revenue, and patient care.

Furthermore, Medsphere's healthcare IT services division, Phoenix Health Systems, provides vendor-independent solutions for IT strategic planning, infrastructure management, interoperability, systems implementation and optimization, privacy and security, and population health management.

In 2007, Medsphere released the core elements of its OpenVista healthcare system as open-source code, allowing hospitals and healthcare organizations to leverage the billions of dollars invested in the VA's Vista system over more than 20 years. OpenVista was subsequently implemented at several hospitals, including Midland Memorial Hospital in Midland, Texas.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
1917 Palomar Oaks Way Suite 200 Carlsbad CA USA
Founded year:
2002
Employees:
51-100
IPO status:
Private
Total funding:
USD 164.2 mn
Last Funding:
USD 40.0 mn (Private Equity; Jan 2020)
Last valuation:
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Company profile
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