Veradigm

What Veradigm does

Veradigm is a publicly traded healthcare information technology company (NASDAQ:MDRX) headquartered in Chicago, founded in 1986 and rebranded from Allscripts in 2022. The company operates a platform-plus-modules architecture serving three primary customer segments: independent ambulatory healthcare providers (its Veradigm Network spans approximately 400,000 providers), health plans and payers (approximately 90 insurer customers and 100 key provider accounts), and life sciences companies. Core products include Veradigm EHR (ambulatory electronic health records), Veradigm Practice Management, Veradigm Payerpath (clearinghouse and revenue cycle management), FollowMyHealth (patient engagement), and Veradigm Payer Analytics (formerly Pulse8/Babel Health for risk adjustment and quality management). The platform is extended via Veradigm Connect APIs (FHIR R4, SMART on FHIR), the App Expo marketplace, DORN (Diagnostic Ordering and Results Network), and recently launched Veradigm Health Network Architecture that connects clinical, financial, and operational data across systems.

Underlying technology combines an ONC-certified ambulatory EHR with NLP-enriched data extraction, ambient clinical documentation (Veradigm Ambient Scribe), AI patient scheduling, and a patent-pending Dynamic Intervention Planning algorithm for risk adjustment. The 2024 acquisition of ScienceIO (~$140M) added proprietary AI/NLP capabilities, while the Koha Health acquisition added full-service revenue cycle management with musculoskeletal specialty expertise. Veradigm is ONC-certified (EHR, ePrescribe, FollowMyHealth, Practice Fusion), SOC 2 Type 2, EHNAC-accredited, ISO 9001:2015, and participates in TEFCA, providing regulatory clearance across federal health IT programs.

The business model is approximately 80% recurring subscription revenue from EHR, practice management, and RCM software, supplemented by usage-based transaction fees (clearinghouse, claims processing), professional services (implementation, training, coding), and data monetization (real-world data and evidence sold to life sciences). Go-to-market combines enterprise field sales for health plans and large providers, direct digital sales for smaller practices, and ecosystem channels (Veradigm Connect, DORN) for health IT vendors. The company is currently operating under a 'Reset, Recover, Reignite' turnaround plan following a 15% workforce reduction in 2025, $292M FY2024 net loss driven by $108.2M in goodwill/asset impairments, Nasdaq delisting due to SEC filing delays (later resolved with closed investigation and filed 10-Ks in 2026), and FY2025 revenue guidance of $584-589M. Leadership was refreshed with Tehsin Syed as CPTO (Nov 2025) and Christian Greyenbuhl as incoming CFO (May 2026).

Name

Veradigm

Legal name

Veradigm LLC

Website

https://veradigm.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Veradigm is a publicly traded healthcare IT company providing EHR, practice management, revenue cycle management, payer analytics, and real-world evidence solutions to independent providers, health plans/payers, and life sciences companies through its Veradigm Network spanning 400,000 providers.

Ownership category

akta.pro rank

Product category

Healthcare Information Technology

NAICS

Custom Computer Programming Services (541511), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Health Services (8000), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Clinical Coding Support (ICD/CPT/SNOMED) & Documentation Compliance Tools (HLACAAAO)

akta.pro secondary industries

Clinical Document & Data Exchange (C-CDA, CCD, Direct Messaging) (HLACABAI), Clinical Forms, Templates & Digital Consent (eSignature) (HLACAAAJ), Price Transparency, Estimates & Patient Financial Clearance (HLACACAK), Healthcare Billing & Patient Payments Presentment (FSAMAJAH)

Keywords

• Electronic health records
• Revenue cycle management
• Healthcare analytics
• Payer solutions
• Real-world evidence

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Subscription-based Software: Recurring subscription revenue from EHR, practice management, and revenue cycle management software deployed to healthcare providers. Approximately 80% of Veradigm's revenue is recurring with sticky customers and high switching costs.
2. Usage-based Revenue: Usage-based and transaction fees from clearinghouse services, claims processing, and data analytics offerings for payers and life sciences companies
3. Professional Services: Implementation, training, and consulting services supporting EHR deployments and revenue cycle management
4. Data Monetization: Real-world data and evidence solutions sold to life sciences companies for clinical research, drug development, and market insights

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Veradigm is a healthcare technology company that provides ambulatory electronic health records (EHR), practice management, revenue cycle management and clearinghouse services, e-prescribing, patient engagement, payer analytics (risk adjustment, quality, gap closure), and real-world evidence solutions to healthcare providers, health plans/payers, and life sciences companies. Its core offering is anchored by the Veradigm Network aggregating data from approximately 400,000 providers, enabling analytics, AI-driven documentation (Ambient Scribe), and payer-provider connectivity.

Product overview

Veradigm is a healthcare technology company offering a comprehensive platform-plus-modules architecture serving healthcare providers, health plans/payers, and life sciences companies. The core platform includes Veradigm EHR (ambulatory electronic health records) and Veradigm Practice Management for clinical and operational workflows, enhanced by specialty-specific solutions. Revenue cycle management is handled through Veradigm Payerpath clearinghouse and associated services including Veradigm Intelligent Payments and coding services. Patient engagement is addressed via FollowMyHealth. The payer segment includes gap closure services, risk adjustment analytics (Pulse8/Dynamic Intervention Planning), quality analytics, and comprehensive submissions management. Life sciences solutions leverage NLP-enriched EHR data and real-world evidence analytics from the Veradigm Network of 400,000 providers. API connectivity is enabled through Veradigm Connect and App Expo. Acquired brands include Practice Fusion (EHR), Pulse8 (payer analytics), Babel Health (RA solutions), ScienceIO (AI capabilities), and Koha Health (RCM). The company recently launched Veradigm Health Network Architecture connecting clinical, financial, and operational data across systems.

Differentiator

Problem solved

Functional benefit

Brands

• Veradigm EHR: Ambulatory EHR platform for physicians supporting clinical documentation and workflow needs
• Veradigm Payer Analytics
• Veradigm Real-World Evidence Analytics Platform
• Veradigm Payerpath
• Veradigm FollowMyHealth
• Veradigm ePrescribe
• Veradigm Connect
• Veradigm Ambient Scribe
• Veradigm Network

Products and services

• Veradigm EHR Adaptable ambulatory EHR platform supporting clinical documentation, specialty-specific workflows, telehealth integration, HCC alerts, and prescription management for independent and specialty medical practices.
• Veradigm Practice Management Simplified practice management software for scheduling, billing, and claims processing with integrated clearinghouse connectivity for healthcare practices.
• Veradigm Payerpath All-in-one revenue cycle management and clearinghouse solution with top-tier clearinghouse, claims management, and payer connectivity for providers and payers.
• FollowMyHealth Mobile-first patient engagement platform enabling patients to access health information, communicate with providers, and manage care pre- and post-visit.
• Veradigm ePrescribe Affordable and certified e-Prescribing solution including controlled substances (EPCS) with prescription price transparency features for healthcare providers.
• Veradigm ePrescribe Enterprise Integrated, advanced e-Prescribing platform for EHR and HIT vendors enabling electronic prescribing capabilities including controlled substances.
• Veradigm Ambient Scribe AI-powered ambient clinical documentation that passively captures conversations during patient visits and creates structured medical notes integrated into the Veradigm EHR workflow.
• AI Patient Scheduling Automates and optimizes patient scheduling with artificial intelligence for improved practice efficiency.
• Revenue Cycle Services Comprehensive revenue cycle management services handling billing, denial management, coding, and timely payment collection for healthcare practices.
• Coding Services Medical coding services reducing staff burden and increasing revenue through expert coding management for healthcare providers.
• Real-World Evidence Services Retrospective and prospective research conducted by RWE experts using Veradigm Network data for clinical and health economic outcomes research for life sciences companies.
• Veradigm Real-World Evidence Analytics Platform (Evalytica) Self-service SaaS application enabling efficient analysis of real-world healthcare data for research and analytics for life sciences companies.
• NLP-Enriched EHR Data Solutions Large-scale, high-quality health data sets processed with natural language processing for clinical concept extraction and structured data enrichment for life sciences customers.
• Digital Health Media Point of care marketing solution providing highly targeted brand awareness messaging within the EHR environment; first and only EHR media provider validated and certified by POCMA.
• Veradigm Payer Insights Delivers integrated care gap alerts within existing EHR systems for payers to improve patient care and reduce costs through payer-provider collaboration.
• Risk Adjustment Analytics Analytics to find and prioritize risk adjustment gaps and opportunities with Dynamic Intervention Planning for precision targeting for health plans and payers.
• Quality Analytics Proven analytic solution helping health plans enhance quality performance across member base for HEDIS and Star ratings.
• Veradigm Connect API connectivity platform enabling certified third-party health tech applications to connect with Veradigm EHR systems and physician practices through open APIs.
• Diagnostic Ordering and Results Network (DORN) Network connecting EHR vendors with lab and radiology centers for diagnostic ordering and results integration.
• Veradigm Health Network Architecture Network architecture providing independent medical practices real-time visibility into clinical, financial, and operational performance by connecting data across EHR, practice management, clearinghouse, and patient portal systems.

Quantifiable outcome

• 20 hours per week saved per practice through payer-provider integration
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

AI capability8 records

Feature9 records

Partnerships

Four partnerships are on record, tiered core.

• Amazon Web Services (AWS)coreTechnology or Integration · 5 March 2026Veradigm is listed as a customer testimonial partner for Amazon Connect Health, an agentic AI solution for healthcare. Veradigm participates alongside other healthcare technology companies reporting measurable outcomes including ambient documentation visits and clinician hours reclaimed.
• Sentara Health PlanscoreStrategic or Co-development Partner · 10 November 2025Veradigm announced a new agreement with Sentara Health Plans to implement its Payer Insights software solution, aiming to improve patient care and reduce costs through integrated care gap alerts. The deployment supports Sentara's provider network across Virginia and Northeastern North Carolina by delivering critical alerts within existing EHR systems.
• ScienceIOcoreStrategic or Co-development Partner · 1 March 2024Veradigm acquired ScienceIO in March 2024 for approximately $140 million to develop AI-enabled capabilities, strengthening its artificial intelligence and natural language processing offerings.
• Koha HealthcoreStrategic or Co-development Partner · 2 January 2024Veradigm acquired Koha Health, a full-service revenue cycle management company, to expand its healthcare revenue cycle services portfolio. This acquisition enhances Veradigm's capabilities in the ambulatory healthcare market and adds Musculoskeletal Medicine (MSK) specialty expertise.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Greenway Health: Greenway Health offers ambulatory EHR, practice management, and revenue cycle solutions focused on independent practices and specialty groups. It directly competes with Veradigm's EHR and practice management suite in the same customer segments.
• eClinicalWorks: eClinicalWorks is a direct competitor in ambulatory EHR and practice management, particularly for small-to-mid-sized independent practices. Veradigm and eClinicalWorks compete for the same EHR replacement and RCM automation opportunities.
• athenahealth: athenahealth is a direct competitor in cloud-based ambulatory EHR, revenue cycle management, and patient engagement for independent practices and provider groups. Veradigm and athenahealth compete head-to-head for the same mid-market ambulatory customer base.
• Inovalon: Inovalon provides payer-side analytics, risk adjustment, and quality measurement solutions that directly overlap with Veradigm Payer Analytics (Pulse8). Both companies compete for health-plan customers seeking Dynamic Intervention Planning-style risk adjustment and quality management capabilities.
• R1 RCM: R1 RCM is a direct competitor in end-to-end revenue cycle management for healthcare providers, particularly in physician practices and ambulatory settings. Veradigm's Payerpath clearinghouse and RCM services compete with R1's enterprise RCM platform for the same customers identified as actively replacing RCM vendors in 2025.
• NextGen Healthcare: NextGen Healthcare is a direct competitor in ambulatory EHR and population health solutions for specialty practices. Veradigm and NextGen participate together in WEDI's interoperability testing directory and compete for value-based care deployments.
• Waystar: Waystar is a direct competitor in healthcare clearinghouse, claims management, and patient payment solutions. Veradigm participates alongside Waystar in the Da Vinci Trebuchet Clearinghouse-to-Clearinghouse Prior Authorization Pilot for FHIR-based prior authorization, and they compete for the same provider customers.

Broad incumbents

• Oracle Health (Cerner): Oracle Health (formerly Cerner) is a broad incumbent offering acute and ambulatory EHR. Veradigm competes with Oracle Health across the ambulatory EHR market and participates alongside it in interoperability initiatives such as FHIR-based data exchange.
• MEDITECH: MEDITECH is an established EHR vendor spanning acute and ambulatory care for community hospitals and provider organizations. It serves overlapping customer segments and competes with Veradigm in the broader clinical documentation market.
• Epic Systems: Epic is the dominant EHR vendor for large hospital systems and academic medical centers, with growing down-market reach. Veradigm competes with Epic in the ambulatory EHR and payer-provider connectivity space, and Epic is explicitly named as a major competitor in Veradigm's market analysis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/Veradigm
• Facebookfacebook.com/Veradigm
• LinkedInlinkedin.com/company/veradigm

Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries6 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A17 records

Investments8 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Veradigm