About Medrium
Medrium is a Healthcare company based in Morristown (United States) founded in 1999, and was acquired by Pulse Systems in October 2015. It operates as a web-based medical billing solutions are offered for hospital-based physicians. Medrium has raised $30.18 million across 7 funding rounds from investors including Advantedge Healthcare Solutions, Pulse and ORIX USA. Its focus areas include HealthTech, Healthcare IT, Provider and Hospital Information Systems. Its legal entity is Medrium, Inc. Its competitors include Modernizing Medicine, Practice Fusion, Flatiron Health, Greenway Health and Medsphere Systems and 5 more; 9 of its 10 listed competitors have raised funding.
Company details
Medrium provides Web-based medical billing solutions for hospital-based physicians. Medrium Complete Practice Management (CPM) is a Web-based, ONC-ATCB certified and HIPAA compliant solution including practice management and EHR modules. Features include e-prescription, drug interaction information, lab reports, audit trails and customized reports. A clinical interface accumulates comprehensive patient visit records and administrative information to verify eligibility, schedule, post reimbursements, file claims and reconcile payment. Patients can access their information through a dedicated self-service portal.
- Headquarters Morristown, United States
- Stage Acquired
- SectorsHealthcare
- Email••••••••
- Website medrium.com
- Social LinkedIn X
- Acquired by Pulse Systems (Oct 2015)
- Legal Name Medrium, Inc.
- Total Equity Funding$30.18M (USD)
in 7 rounds
- Latest Funding Round$12.5M (USD), Debt – Venture
Sep 2008
- InvestorsAdvantedge Healthcare Solutions
& 5 more
- Acquired by
Funding Insights of Medrium
Medrium has successfully raised a total of $30.18M across 7 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $12.5 million completed in September 2008. 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 $30.18M
- Total Rounds 7
- Last Round Debt – Venture — $12.5M
- First Round $3.2M
(May 2002)
- Investors Count 4
All 7 funding rounds of Medrium 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 |
|---|---|---|---|---|---|
| Sep 2008 | $12.5M | Debt – Venture | – | – | |
| Sep 2008 | $10.46M | Series C | – | – | |
| Jan 2006 | $8.27M | Series C | – | – | – |
| Aug 2005 | $4M | Series B | – | – | – |
| Mar 2004 | $2.98M | Series B | – | – | – |
| Sep 2002 | $1.28M | Series B | – | – | – |
| May 2002 | $3.2M | Series A | – | – | – |
6 investors in total: 6 institutional.
Investors in Medrium
Medrium has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Advantedge Healthcare Solutions, Pulse and ORIX USA.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
ORIX USA is engaged in middle market asset management and lending. | – | orix.com | Dallas, United States | |
NGN Capital is engaged in venture capital investments. | – | ngncapital.com | New York, United States | |
Growth & late stage life sciences and tech focused venture capital firm funding companies in the US | – | mosaixventures.com | Chicago, United States | |
Private equity investments are made in profitable software companies. | – | ticonderogacap.com | Boulder, United States | |
Medical billing software and revenue cycle management services are offered. | 1999 | ahsrcm.com | Warren, United States | |
Electronic health records and practice management solutions are offered. | 1997 | pulseinc.com | Kansas City, United States |
Investor details for Medrium
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Timeline of Medrium
5 dated milestones of Medrium across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Medrium is founded.
- Funding First funding round of $3.2M.
- Funding Latest funding round, Debt – Venture, of $12.5M.
- Exit Acquired by Advantedge Healthcare Solutions.
- Exit Acquired by Pulse Systems.
Competitors of Medrium
Medrium has 10 listed competitors in our database, 9 of them funded. They include Modernizing Medicine, Practice Fusion, Flatiron Health, Greenway Health and Medsphere Systems, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| modmed.com | 2010 | Boca Raton, United States | $329.17M | 1,563 | AI-driven EMR and practice management software is delivered for clinics. | |
| practicefusion.com | 2005 | San Francisco, United States | $254.9M | 212 | Cloud-based EHR system is provided for physicians' practices. | |
| flatiron.com | 2012 | New York, United States | $314.4M | 1,067 | Cloud-based oncology management tools are provided for cancer care providers. | |
| greenwayhealth.com | 1998 | Carrollton, United States | $47.3M | – | Clinical and financial solutions are delivered to ambulatory providers. | |
| medsphere.com | 2002 | Carlsbad, United States | $151.29M | 352 | Open-source healthcare software is provided by Medsphere Systems. | |
| hint.com | 2013 | San Francisco, United States | $60.09M | 52 | SaaS-based practice management solution is provided for healthcare professionals. | |
| gethealthie.com | 2014 | New York, United States | $40.28M | – | A practice management platform is provided for nutrition professionals. | |
| carestack.com | 2015 | Celebration, United States | $79.05M | 1,095 | Cloud-based software for dental practice management is developed. | |
| eka.care | 2020 | Bengaluru, India | $19.5M | 114 | AI-powered EMR, EHR, and patient engagement solutions are provided. | |
| henryschein.com | 1932 | Melville, United States | – | 25,000 | Practice management and EMR software are provided to medical practitioners. |
Detailed competitors of Medrium
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- Full competitor set
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Web traffic of Medrium
Websites that share an audience with Medrium (medrium.com).
Websites whose visitors overlap most with Medrium. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
medicalbillingcourses.com | medicalbillingcourses.com | 100% | – | – | – |
pmdsthesolution.com | pmdsthesolution.com | 100% | – | – | – |
mymedclaims.com | mymedclaims.com | 100% | – | – | – |
medicalbillingbook.tripod.com | medicalbillingbook.tripod.com | 100% | – | – | – |
medicalbillingservices.info | medicalbillingservices.info | 100% | – | – | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for Medrium
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 14 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Clinical IT & Data Platforms
10 companies that operate in the same segment as Medrium (Clinical IT & Data Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of fitness memberships encompassing group classes, gyms, and at-home workouts | 2016 | Bengaluru, Karnataka, India | USD 716.99 M | – | 1,832 | |
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 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 473.73 M | – | 3,902 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, Ile de France, France | USD 863.12 M | – | 1,606 | |
Virtual care programs for managing chronic diseases are provided. | 2011 | San Francisco, California, United States | USD 450.12 M | USD 260.21 M | 992 | |
AI-driven EMR and practice management software is delivered for clinics. | 2010 | Boca Raton, Florida, United States | USD 329.17 M | – | 2,470 | |
Cloud-based administrative tools for healthcare providers are offered. | 1997 | Watertown, United States | USD 40 M | – | – | |
Membership-based primary care platform is offered for employees and consumers. | 2007 | San Francisco, California, United States | USD 402.56 M | – | – |
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Related news about Medrium
Complete news archive for Medrium
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Frequently Asked Questions about Medrium
Medrium was founded in 1999 and raised its 1st funding round 3 years after it was founded.
Medrium is headquartered in Morristown, United States. It is registered at Morristown, New Jersey, United States.
Medrium is a funded company, having raised a total of $30.18M across 7 funding rounds to date. The company's 1st funding round was a Series A of $3.2M, raised on May 2002.
Medrium provides Web-based medical billing solutions for hospital-based physicians. Medrium Complete Practice Management (CPM) is a Web-based, ONC-ATCB certified and HIPAA compliant solution including practice management and EHR modules. Features include e-prescription, drug interaction information, lab reports, audit trails and customized reports. A clinical interface accumulates comprehensive patient visit records and administrative information to verify eligibility, schedule, post reimbursements, file claims and reconcile payment. Patients can access their information through a dedicated self-service portal.
Medrium's top competitors include Modernizing Medicine, Eka Care and Flatiron Health.
Medrium has 6 investors. Key investors include Advantedge Healthcare Solutions, Pulse, ORIX USA, NGN Capital, and Mosaix Ventures.
Medrium operates through Medrium, Inc..
Yes. Medrium was acquired by Pulse Systems in October 2015.