– Medsphere raises $40M in most popular fairness funding to fund the growth of environment friendly, versatile, subscription-based software program options.
– Medsphere has grown subscription income by over 400% utilizing a mixture of natural progress and accretive acquisitions, reaching a compounded annual progress charge of over 50%.
Medsphere Systems Corporation, the main supplier of environment friendly and interoperable healthcare information technology (IT) software program options, and companies, immediately introduced new $40 million funding to assist natural progress and pursue opportunistic strategic acquisitions by a most popular fairness funding by TPG Sixth Avenue Companions.
SasS Well being IT Options for Suppliers of Each Measurement and Price range
Based in 2002 and primarily based in Carlsbad, Calif., Medsphere Methods Company is a corporation of dedicated medical and know-how professionals working to positively influence affected person care by delivering award-winning healthcare IT options for suppliers of each dimension and funds. Medsphere’s inpatient portfolio contains CareVue, an built-in EHR system that includes medical, monetary, and affected person accounting options, and RCM Cloud, a whole end-to-end income cycle administration resolution.
Medsphere’s ChartLogic division provides a whole ambulatory suite together with EHR, Follow Administration, Income Cycle Administration, and Affected person Portal. Utilizing a vendor-independent method to serving to hospitals resolve important challenges, the Phoenix Health Systems division gives a bunch of healthcare IT companies, together with methods implementation, venture administration, distant service desk, end-user machine administration, utility administration, and IT management. Medsphere’s Authorities Companies Division additionally applies legacy EHR experience to growth and testing initiatives for each the Division of Veterans Affairs and Indian Well being Service.
Latest Traction & Development
Over the previous 4 years, Medsphere has grown subscription income by over 400 % utilizing a mixture of natural progress and accretive acquisitions, reaching a compounded annual progress charge of over 50 %. Medsphere’s dedication to extremely responsive customer support and assist has pushed progress by bringing new purchasers to the platform and growing the supply of incremental merchandise to its current buyer base. Medsphere’s suite of options is accessible to all inpatient and ambulatory services, together with behavioral well being hospitals, specialty clinics, and multi-facility methods, no matter dimension and funds.
“We’re happy so as to add a brand new associate to our software program solutions-driven marketing campaign for high quality, inexpensive healthcare,” mentioned Medsphere President and CEO Irv Lichtenwald. “Our know-how and enterprise mannequin permit all suppliers to handle core wants and we’re energized by the assist of establishments like TPG Sixth Avenue Companions.”