About Solventum
Solventum is a Healthcare company based in Franklin (United States), and was acquired by 3M in December 2018. Speech-based documentation and transcription solutions are provided for healthcare. It operates on a SaaS (Software-as-a-Service), Managed Services, and HealthTech model in Healthcare and Technology sectors. Solventum has completed 3 acquisitions, including JLG Medical, Landmark Transcription and MxSecure. Solventum offers products and services including Ambient Documentation, Clinical Documentation Integrity, and Coding Automation. Its focus areas include Health Information Technology and Clinical Documentation Solutions. Its competitors include Augmedix, Suki and Abridge Inc; 3 of its 3 listed competitors have raised funding.
Company details
Solventum is engaged in providing health information technology solutions, specializing in clinical documentation from capture to code. Services are offered to clinicians, payers, revenue cycle teams, and federal health agencies. Innovative platforms like Solventum Cloud Platform and Solventum 360 Encompass System are utilized to streamline documentation, improve coding accuracy, and enhance quality care outcomes. The company operates in the healthcare sector, addressing challenges like physician burnout and administrative burden through ambient AI and speech recognition technologies. Consulting and outsourced services are also provided to optimize revenue cycle management across various care settings.
- Latest Funding Round$80.73M (USD), Post-IPO
Feb 2018
- Investors3M
& 1 more
- Investments & AcquisitionsJLG Medical
& 2 more
- Acquired by
Products & Services of Solventum
Solventum offers a comprehensive portfolio of products and services, including Ambient Documentation, Clinical Documentation Integrity, and Coding Automation.
Clinical documentation is automated using ambient AI technology.
Documentation gaps are identified and addressed in real-time.
Coding processes are streamlined with AI-driven automation tools.
Apps and channels of Solventum
its YouTube channel Solventum has 409 subscribers and 10 videos.
Videos from Solventum
The most watched videos on Solventum's YouTube channel, Solventum (409 subscribers). Click a video to play it here.
More on Solventum.
Funding Insights of Solventum
- Total Rounds 1
- Last Round Post-IPO — $80.73M
- First Round $80.73M
(Feb 2018)
All 1 funding rounds of Solventum 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 |
|---|---|---|---|---|---|
| Feb 2018 | $80.73M | Post-IPO | – | – | – |
2 investors in total: 2 institutional.
Investors in Solventum
Solventum has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include 3M and Legend Parent, Inc.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
3M is recognized as a global leader in industrial innovation. | 1902 | 3m.com | United States | |
| legendparent.tcc.mode |
Investor details for Solventum
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Investments & Acquisitions by Solventum
Solventum has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include JLG Medical, Landmark Transcription and MxSecure.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Medical transcription services are provided to hospitals and practices. | landmarktranscription.com | Wayne, United States | 2004 | Sep 2017 | •••• | |
Suite of EHR software, medical transcription and speech recognition solutions for healthcare providers | mxsecure.com | Scottsdale, United States | 2003 | Nov 2012 | •••• | |
Transcription services for the healthcare industry are provided. | jlgmedical.com | Oldsmar, United States | 1987 | Sep 2011 | •••• |
Complete acquisition details for Solventum
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Timeline of Solventum
7 dated milestones of Solventum across 7 years, from founding to its latest funding, stage changes and deals.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires JLG Medical.
- Exit Acquired by Legend Parent, Inc.
- Acquisition Acquires MxSecure.
- Acquisition Acquires Landmark Transcription.
- Funding First funding round of $80.7M.
- Exit Acquired by 3M.
Competitors of Solventum
Solventum has 3 listed competitors in our database, 3 of them funded. They include Augmedix, Suki and Abridge Inc.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| augmedix.com | 2012 | San Francisco, United States | $118.31M | 201 | AI-powered solutions for medical documentation and clinical support are delivered. | |
| suki.ai | 2017 | Redwood, United States | $165M | 87 | AI-backed voice solutions for medical documentation are provided. | |
| abridge.com | 2018 | Pittsburgh, United States | $778.43M | AI-based platform for recording and managing health conversations is provided. |
Detailed competitors of Solventum
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Web traffic of Solventum
The website of Solventum (mmodal.com) receives about 3.1K visits a month.
- Monthly visits3.1K
▲ 8.7% vs previous month
Websites whose visitors overlap most with Solventum. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| precyse.com | 100% | View details | |||
| mckesson.com | 91% | 4.3M | #12,546 | View details | |
forum.mtstars.com | forum.mtstars.com | 78% | – | ||
360transcription.com | 360transcription.com | 76% | #7,727,845 | – | |
etransplus.com | etransplus.com | 75% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 13 similar websites and full traffic analytics for Solventum
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- 13 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
3 companies that operate in the same segment as Solventum (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 Solventum
Complete news archive for Solventum
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Frequently Asked Questions about Solventum
Solventum is headquartered in Franklin, United States.
Solventum is engaged in providing health information technology solutions, specializing in clinical documentation from capture to code. Services are offered to clinicians, payers, revenue cycle teams, and federal health agencies. Innovative platforms like Solventum Cloud Platform and Solventum 360 Encompass System are utilized to streamline documentation, improve coding accuracy, and enhance quality care outcomes. The company operates in the healthcare sector, addressing challenges like physician burnout and administrative burden through ambient AI and speech recognition technologies. Consulting and outsourced services are also provided to optimize revenue cycle management across various care settings.
Solventum's top competitors include Augmedix, Abridge Inc and Suki.
Solventum offers Ambient Documentation, Clinical Documentation Integrity, and Coding Automation.
Solventum has made 3 acquisitions, including JLG Medical, Landmark Transcription, and MxSecure.
Solventum has 2 investors. Key investors include 3M, and Legend Parent, Inc.
Solventum operates through Solventum.
Yes. Solventum was acquired by 3M in December 2018.