About Medsphere Systems
Medsphere Systems is a Healthcare company based in Carlsbad (United States) founded in 2002. Open-source healthcare software is provided by Medsphere Systems. It operates in the Healthcare and Technology sectors. Medsphere Systems has raised $151.29 million across 15 funding rounds from investors including Morgan Stanley, East West Bank and Wells Fargo. The company has 352 employees. Medsphere Systems has completed 6 acquisitions, including ChartLogic, HealthLine Solutions and Marketware. Its website medsphere.com draws about 10 thousand monthly visits. Medsphere Systems offers products and services including Inpatient EHR, RCM Cloud, Phoenix IT Services, ChartLogic, and Supply Chain Management. Its focus areas include HealthTech, Healthcare IT, Provider and Hospital Information Systems. Its legal entity is MEDSPHERE SYSTEMS CORPORATION. Its competitors include Modernizing Medicine, Practice Fusion and Flatiron Health; 3 of its 3 listed competitors have raised funding.
Company details
Medsphere Systems was founded in 2002 and is headquartered in Carlsbad, United States. Open-source solutions are offered for the healthcare sector, including the OpenVista portfolio for hospitals, clinics, and integrated networks. This encompasses an electronic health record system with modules for patient management, clinical information, laboratory, pharmacy, radiology, nutrition services, and interfaces. Implementation, training, support, and development services are also provided.
- Headquarters Carlsbad, United States
- Employees 352
- SectorsHealthcareTechnology
- Website medsphere.com
- Social LinkedIn X
- Legal Name Medsphere Systems Corporation
- Total Equity Funding$151.29M (USD)
in 15 rounds
- Latest Funding Round$50M (USD), Debt – Conventional
Oct 2021
- InvestorsMorgan Stanley
& 9 more
- Employee Count352
- Investments & AcquisitionsChartLogic
& 5 more
Products & Services of Medsphere Systems
Medsphere Systems offers a comprehensive portfolio of products and services, including Inpatient EHR, RCM Cloud, Phoenix IT Services, ChartLogic, and Supply Chain Management.
Software for tracking patient data in hospitals
System for billing and payment processing in healthcare
Services for IT strategic planning and support
EHR suite for physician practices and medical billing
Tools for healthcare supply tracking and optimization
Funding Insights of Medsphere Systems
Medsphere Systems has successfully raised a total of $151.29M across 15 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $50 million completed in October 2021. 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 $151.29M
- Total Rounds 15
- Last Round Debt – Conventional — $50M
- First Round $7.5M
(Jan 2005)
- Investors Count 10
Latest 10 of 15 funding rounds of Medsphere Systems 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 |
|---|---|---|---|---|---|
| Oct 2021 | $50M | Debt – Conventional | – | – | |
| Jan 2020 | $40M | Series F | – | Sixth Street | – |
| Dec 2018 | $32M | Series E | – | Morgan Stanley | |
| Jan 2018 | $30M | Series D | – | Hgtc.com | – |
| Jun 2016 | $15.3M | Series D | – | – | – |
| Feb 2016 | $160,000 | Series D | – | – | – |
| Nov 2015 | $4.07M | Series D | – | – | – |
| Jun 2015 | $7.5M | Debt – Venture | – | – | |
| Apr 2015 | $62,500 | Series C | – | – | – |
| Jul 2014 | $1M | Series C | – | – | – |
10 investors in total: 10 institutional.
Investors in Medsphere Systems
Medsphere Systems has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Morgan Stanley, East West Bank and Wells Fargo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity and debt investments are managed across multiple sectors. | sixthstreet.com | San Francisco, United States | ||
Structured debt is provided to life sciences and technology firms. | 2004 | horizontechfinance.com | Farmington, United States | |
Early-stage investments are targeted by Azure Capital Partners. | 2000 | azurecap.com | San Francisco, United States | |
Early-stage technology companies are funded by this venture capital firm. | epicvc.com | Salt Lake City, United States | ||
Early-stage venture capital firm investing in the IT sector | twvp.com | San Francisco, United States | ||
Venture debt is provided globally across multiple sectors. | 1980 | westerntech.com | Portola Valley, United States | |
Diverse financial services and online banking are provided to clients. | 1852 | wellsfargo.com | San Francisco, United States | |
Wealth management, investment advisory, and financial services are provided. | 1935 | morganstanley.com | New York, United States | |
Commercial banking services are offered to individuals and businesses. | 1973 | eastwestbank.com | Los Angeles, United States | |
| hgtc.com |
Investor details for Medsphere Systems
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Medsphere Systems
22 people are tracked at Medsphere Systems (9 in leadership, 13 in team); the tracked headcount is 352.
| Name | Role | Group |
|---|---|---|
Ivy Lee | Vice President Of Finance | Leadership |
Adam Craft | Director Of Technical Services And Support | Leadership |
Alan Peng | Chief Financial Officer | Leadership |
Lily Chang | CTO | Leadership |
Chris Langehaug | COO | Leadership |
John Santmann | Chief Medical Information Officer | Leadership |
Robert Kilian | CTO | Leadership |
Tom Arnold | Director, Healthcare Analytics | Leadership |
Jerris Heaton | Digital Marketing Director | Leadership |
Carlene McIntyre | Senior Analyst | Team |
Casey Harris | Revenue Cycle Report Analyst | Team |
Andy Pardue | Software Developer | Team |
Louise Stewart | Implememtation Manager | Team |
Rita Schaefer | Treasurer | Team |
Ruth Dyrness | Cm/rm Specialist | Team |
Steve Thimmes | Senior Software Development Engineer | Team |
Robert Criteser | Software Developer | Team |
Evangeline Nunez | Sr QA Analyst | Team |
Stephen Shelton | Sr. Interface Engineer | Team |
Terri Kozlowski | Senior Technical Manager | Team |
2 more people are available in the full profile.
Complete people profiles for Medsphere Systems
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Investments & Acquisitions by Medsphere Systems
Medsphere Systems has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include ChartLogic, HealthLine Solutions and Marketware.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Outsourced IT services for healthcare organizations are provided. | systeem-medical.com | Plano, United States | 2009 | Oct 2021 | •••• | |
CRM and business intelligence solutions are delivered for healthcare providers. | marketware.com | Midvale, United States | 1986 | Jan 2021 | •••• | |
Doctor-patient communication software for clinics is provided. | micro-officesystems.com | Euclid, United States | 1985 | Nov 2020 | •••• | |
Emergency department information system is provided for Meaningful Use compliance. | wellsoft.com | Somerset, United States | 1988 | Feb 2019 | •••• | |
Healthcare inventory and supply chain management services are offered. | hlsolutions.com | Plano, United States | 1997 | Jan 2019 | •••• | |
Offers a full ambulatory EHR suite, including electronic medical record, practice management, revenue cycle management | chartlogic.com | Salt Lake, United States | 1994 | Jun 2016 | •••• |
Complete acquisition details for Medsphere Systems
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Timeline of Medsphere Systems
9 dated milestones of Medsphere Systems across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Medsphere Systems is founded.
- Funding First funding round of $7.5M.
- Acquisition Acquires ChartLogic.
- Acquisition Acquires HealthLine Solutions.
- Acquisition Acquires Wellsoft.
- Acquisition Acquires Micro-Office Systems.
- Acquisition Acquires Marketware.
- Acquisition Acquires Systeem Medical.
- Funding Latest funding round, Debt – Conventional, of $50.0M.
Competitors of Medsphere Systems
Medsphere Systems has 3 listed competitors in our database, 3 of them funded. They include Modernizing Medicine, Practice Fusion and Flatiron Health.
| 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. |
Detailed competitors of Medsphere Systems
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Web traffic of Medsphere Systems
The website of Medsphere Systems (medsphere.com) receives about 10.1K visits a month.
- Monthly visits10.1K
▲ 16.7% vs previous month
Websites whose visitors overlap most with Medsphere Systems. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
worldvista.org | worldvista.org | 100% | #2,675,354 | – | |
| prognocis.com | 95% | 271.8K | #81,684 | View details | |
compliance.com | compliance.com | 92% | #3,824,106 | – | |
| mckesson.com | 91% | 4.3M | #12,546 | View details | |
doctorsmanagement.com | doctorsmanagement.com | 87% | #1,875,958 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Medsphere Systems
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- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Clinical IT & Data Platforms
3 companies that operate in the same segment as Medsphere Systems (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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Related news about Medsphere Systems
Complete news archive for Medsphere Systems
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Frequently Asked Questions about Medsphere Systems
Medsphere Systems was founded in 2002 and raised its 1st funding round 3 years after it was founded.
Medsphere Systems is headquartered in Carlsbad, United States. It is registered at Carlsbad, California, United States.
Medsphere Systems is a funded company, having raised a total of $151.29M across 15 funding rounds to date. The company's 1st funding round was a Series C of $1M, raised on Jan 2005.
Medsphere Systems has 352 employees.
Medsphere Systems was founded in 2002 and is headquartered in Carlsbad, United States. Open-source solutions are offered for the healthcare sector, including the OpenVista portfolio for hospitals, clinics, and integrated networks. This encompasses an electronic health record system with modules for patient management, clinical information, laboratory, pharmacy, radiology, nutrition services, and interfaces. Implementation, training, support, and development services are also provided.
Medsphere Systems's top competitors include Modernizing Medicine, Flatiron Health and Practice Fusion.
Medsphere Systems offers Inpatient EHR, RCM Cloud, Phoenix IT Services, ChartLogic, and Supply Chain Management.
Medsphere Systems has made 6 acquisitions, including ChartLogic, HealthLine Solutions, and Marketware.
Medsphere Systems has 10 investors. Key investors include Morgan Stanley, East West Bank, Wells Fargo, Horizon Tech Finance, and Azure Capital Partners.
Medsphere Systems operates through Medsphere Systems Corporation.