About Medical Referral Source
Medical Referral Source is a Healthcare company based in Tucson (United States) founded in 2010, and was acquired by Advisory in July 2013. Web-based referral management platform is provided for healthcare providers. Medical Referral Source has raised $1.7 million across 2 funding rounds from investors including Advisory. Its focus areas include HealthTech, Healthcare IT, Value Based Care and Care Coordination. Its competitors include eHealth Technologies, RubiconMD and Refer Well; 3 of its 3 listed competitors have raised funding.
Company details
Medical Referral Source was founded in 2010 in Tucson, United States, operating in the healthcare technology sector. A web-based software platform for managing referrals is supplied to healthcare providers, facilitating streamlined communication and tracking. The company was acquired by The Advisory Board Company on July 8, 2013, for 11.5 million and has since been maintained as a subsidiary, with ongoing operations centered on referral solutions.
- Headquarters Tucson, United States
- Stage Acquired
- SectorsHealthcare
- Website medicalreferralsource.com
- Social LinkedIn
- Acquired by Advisory (Jul 2013)
Funding Insights of Medical Referral Source
Medical Referral Source has successfully raised a total of $1.7M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.7 million completed in May 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.7M
- Total Rounds 2
- Last Round Seed — $1.7M
- First Round $255,000
(Apr 2011)
All 2 funding rounds of Medical Referral Source with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2012 | $1.7M | Seed | – | – | – |
| Apr 2011 | $255,000 | Debt – Conventional | – | – | – |
1 investors in total: 1 institutional.
Investors in Medical Referral Source
Medical Referral Source has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Advisory.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Analytics platforms and consulting services for business intelligence are offered. | 1979 | advisory.com |
Investor details for Medical Referral Source
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Medical Referral Source
4 dated milestones of Medical Referral Source across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Medical Referral Source is founded.
- Funding First funding round of $255K.
- Funding Latest funding round, Seed, of $1.7M.
- Exit Acquired by Advisory.
Competitors of Medical Referral Source
Medical Referral Source has 3 listed competitors in our database, 3 of them funded. They include eHealth Technologies, RubiconMD and Refer Well.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ehealthtechnologies.com | 2006 | West Henrietta, United States | $55M | 319 | Referral solutions for healthcare providers | |
| rubiconmd.com | 2013 | New York, United States | $37.85M | 62 | Remote consults are enabled between primary care physicians and specialists. | |
| referwell.com | 2015 | New York, United States | $11.75M | Cloud-based platform for healthcare referral management is provided. |
Detailed competitors of Medical Referral Source
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Medical Referral Source (Clinical IT & Data Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | |||
Healthcare appointments are booked online via Zocdoc's platform. | 2007 | New York, New York, United States | USD 425.97 M | USD 4.66 M | 1,365 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | 1,746 |
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Frequently Asked Questions about Medical Referral Source
Medical Referral Source was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Medical Referral Source is headquartered in Tucson, United States. It is registered at Tucson, Arizona, United States.
Medical Referral Source is a funded company, having raised a total of $1.7M across 2 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $255K, raised on Apr 2011.
Medical Referral Source was founded in 2010 in Tucson, United States, operating in the healthcare technology sector. A web-based software platform for managing referrals is supplied to healthcare providers, facilitating streamlined communication and tracking. The company was acquired by The Advisory Board Company on July 8, 2013, for 11.5 million and has since been maintained as a subsidiary, with ongoing operations centered on referral solutions.
Medical Referral Source's top competitors include eHealth Technologies, RubiconMD and Refer Well.
Medical Referral Source has 1 investor. Key investors include Advisory.
Yes. Medical Referral Source was acquired by Advisory in July 2013.