About Medsphere Systems
Medsphere Systems is a company based in Carlsbad (United States) founded in 2002. 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 as of December 31, 2022. Medsphere Systems has completed 6 acquisitions, including ChartLogic, HealthLine Solutions and Marketware. Medsphere Systems offers products and services including Inpatient EHR, RCM Cloud, Phoenix IT Services, ChartLogic, and Supply Chain Management. Medsphere Systems operates in a competitive market with competitors including Modernizing Medicine, Practice Fusion, Flatiron Health, Hint Health and CareStack, among others.
- Headquarter Carlsbad, United States
- Employees 352 as on 31 Dec, 2022
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Sectors
HealthcareTechnology
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Phone
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Website
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Social
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- Legal Name Medsphere Systems Corporation
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$151.29 M (USD)
in 15 rounds
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Latest Funding Round
$50 M (USD), Debt – Conventional
Oct 28, 2021
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Investors
Morgan Stanley
& 9 more
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Employee Count
352
as on Dec 31, 2022
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Investments & Acquisitions
ChartLogic
& 5 more
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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
People of Medsphere Systems
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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.
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.
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Private equity and debt investments are managed across multiple sectors.
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Structured debt is provided to life sciences and technology firms.
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Early-stage investments are targeted by Azure Capital Partners.
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Investor details 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.
Investment portfolio details for Medsphere Systems
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Outsourced IT services for healthcare organizations are provided.
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Healthcare inventory and supply chain management services are offered.
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Offers a full ambulatory EHR suite, including electronic medical record, practice management, revenue cycle management
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Complete acquisition details for Medsphere Systems
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Financial Statements - Medsphere Systems
Detailed financials for Medsphere Systems
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Medsphere Systems Comparisons
Peer comparison for Medsphere Systems
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Competitors of Medsphere Systems
Medsphere Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Modernizing Medicine, Practice Fusion, Flatiron Health, Hint Health and CareStack, among others.
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AI-driven EMR and practice management software is delivered for clinics.
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Cloud-based EHR system is provided for physicians' practices.
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Cloud-based oncology management tools are provided for cancer care providers.
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SaaS-based practice management solution is provided for healthcare professionals.
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Cloud-based software for dental practice management is developed.
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Detailed competitors of Medsphere Systems
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Latest news on 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.
As of Dec 31, 2022, the latest employee count at Medsphere Systems is 352.
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, Eka Care and Flatiron Health.
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.