Intersystems

What Intersystems does

InterSystems is a privately held, Boston-headquartered data technology company founded in 1978 that builds high-performance data platforms and healthcare information systems. Its core technology stack centers on InterSystems IRIS, a converged multi-model data engine, and InterSystems IRIS for Health, a healthcare-specific extension serving as the foundation for the company's EHR, interoperability, and analytics products. On top of these platforms sit TrakCare (an EHR deployed in more than 600 hospitals across 29 countries), IntelliCare (an AI-native EHR with built-in generative AI capabilities), and the HealthShare suite (Unified Care Record, Health Connect integration engine, Care Community, Health Insight, Health Gateway, Provider Directory, Personal Community, and Payer Services). The company also offers Data Studio and Supply Chain Orchestrator for financial services and logistics customers, with cross-industry deployment at scale (e.g., 300,000+ daily transactions for MSC Mediterranean Shipping). The platform manages over 1 billion health records globally and is used by 100% of U.S. News & World Report Honor Roll hospitals.

The company generates revenue through enterprise multi-year software licensing and subscriptions, complemented by professional services delivered through a global partner ecosystem and managed cloud services. Distribution is hybrid: direct enterprise field sales across more than 20 regional offices worldwide, layered with system integrators, solution, implementation, and technology partners, plus preferred-solution availability on AWS, Microsoft Azure, and Google Cloud marketplaces. InterSystems pursues a vertical go-to-market centered on large healthcare providers and health systems, with adjacent penetration into health plans/payers (Payer Connector, Payer Services for CMS-0057/9115 compliance), financial services (HSBC, Franklin Templeton, Harris Associates, MFS), and supply chain.

Strategic positioning emphasizes regulatory credibility (first AI-native EHR with EU MDR Class IIa certification), interoperability leadership (HL7 FHIR, HL7 v2, DICOM, IHE, TEFCA, eHealth Exchange, CommonWell), and AI-native product architecture. Customer engagement combines analyst-recognized credibility (Best in KLAS in Asia, Oceania, France, and Europe; Gartner, IDC MarketScape Leader; ISG Overall Leader), major industry events (HIMSS, InterSystems READY), and a developer ecosystem (Developer Hub, Global Masters, Open Exchange). The company continues to invest in product surface expansion (Regional Health Connections, IntelliCare, HealthShare AI Assistant), geographic expansion (Jakarta), and strategic partnerships (Google Cloud, Epic, Briya, 59stVentures).

Name

Intersystems

Legal name

InterSystems Corporation

Website

https://intersystems.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

InterSystems is a privately held Boston-based data technology company that provides the IRIS data platform and a healthcare-focused product suite (TrakCare, IntelliCare, HealthShare) serving hospitals, health systems, and adjacent financial services and supply chain enterprises across 29 countries.

Ownership category

akta.pro rank

Product category

Healthcare Data Platforms and Clinical Software

NAICS

Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821), Other Computer Related Services (541519)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)

akta.pro primary industry

Enterprise Integration Engines & Interface Management (HL7 v2/X12/API) (HLACABAC)

akta.pro secondary industries

Medical Device Connectivity & Interoperability Middleware (MDI, EHR/HL7/FHIR Integration) (HLACAPAJ), AI Integration & Orchestration Platforms (Connectors, Workflow, iPaaS for AI) (HDAEANAI), Enterprise Integration, iPaaS & Middleware Services (API/EDI) (BPAEAGAH), Data Integration, Interoperability & Reporting (ELR/HIE/CDC/NNDSS) (HLAJABAN)

Keywords

• Healthcare data platforms
• Electronic health records
• Healthcare interoperability
• Clinical data integration
• AI-native EHR

Headquarters

HQ city

Cambridge

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Software Licensing and Subscription: Enterprise software licensing and subscription model for healthcare data platforms (IRIS for Health, TrakCare, IntelliCare, HealthShare), typically sold as multi-year agreements to large healthcare organizations
2. Professional Services: Implementation, configuration, and consulting services delivered through partner ecosystem to deploy InterSystems technology in customer environments
3. Managed Services: Cloud-hosted managed services providing ongoing maintenance, monitoring, and support for deployed solutions including HealthConnect Cloud and regional deployment options

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels10 records

Core offering

InterSystems provides enterprise data technology platforms and healthcare information systems built on its proprietary InterSystems IRIS engine. Its core offerings include the AI-native IntelliCare electronic health record, the TrakCare EHR, the HealthShare interoperability suite, the IRIS for Health digital health data platform, and cross-industry solutions such as Data Studio and Supply Chain Orchestrator. Products are licensed or subscribed to by hospitals, health systems, payers, financial institutions, and supply chain operators worldwide.

Product overview

InterSystems provides a comprehensive data technology platform with a three-tier architecture: (1) Core Data Platforms including InterSystems IRIS for general enterprise use and InterSystems IRIS for Health as the healthcare-specific foundation; (2) Healthcare Solutions including HealthShare interoperability suite (Unified Care Record, Health Connect, Health Insight, Health Gateway, Care Community, Provider Directory, Personal Community, Payer Services), TrakCare and IntelliCare electronic health record systems, and specialized products like Regional Health Connections and EMPI for patient identity management; and (3) Cross-Industry Solutions including InterSystems Data Studio for smart data fabric deployment and Supply Chain Orchestrator for AI-driven supply chain decision intelligence. The platform is unified around FHIR-based interoperability, generative AI capabilities integrated natively (IntelliCare), and cloud-first deployment options across all products.

Differentiator

Problem solved

Functional benefit

Brands

• InterSystems IntelliCare: AI-native electronic health record (EHR) system with built-in GenAI capabilities for clinicians, administrators, and patients.
• InterSystems TrakCare
• HealthShare
• InterSystems IRIS
• InterSystems IRIS for Health
• InterSystems Data Studio
• InterSystems Supply Chain Orchestrator
• InterSystems EMPI
• InterSystems Regional Health Connections
• InterSystems Personal Community

Products and services

• InterSystems IRIS High-performance, multi-model data platform that enables building mission-critical applications requiring transactional and analytic workloads across healthcare, financial services, and supply chain use cases.
• InterSystems IRIS for Health Healthcare-specific digital health data platform providing building blocks for working with healthcare data standards including HL7 FHIR, serving as the foundation for TrakCare, IntelliCare, and HealthShare products.
• InterSystems IRIS Cloud Services Fully managed cloud-native SaaS deployment of InterSystems IRIS data management software providing fastest time to value for enterprise customers.
• InterSystems FHIR Services Rapid access and use of FHIR data from diverse sources without the need for customers to build their own FHIR computing infrastructure.
• InterSystems TrakCare Comprehensive electronic health record (EHR) supporting all leading health information interoperability standards including HL7 FHIR and SMART on FHIR, built on IRIS for Health and deployed across 29 countries in 600+ hospitals.
• InterSystems IntelliCare AI-native electronic health record with built-in generative AI including ambient clinical documentation, AI-assisted coding, AI Assistant, and intelligent workflows, achieving EU MDR Class IIa certification.
• HealthShare Suite of interoperability solutions that capture, share, and act on health information across care settings, based on the InterSystems IRIS data platform and optimized for healthcare data exchange.
• HealthShare Unified Care Record Aggregated, normalized, deduplicated AI-infused longitudinal health record created from patient data across multiple sources, serving as the foundation for digital health platforms.
• InterSystems Health Connect Cloud-first, high-availability enterprise healthcare integration engine supporting HL7 v2, HL7 FHIR, DICOM, and IHE profiles for secure high-volume transaction handling across diverse systems.
• InterSystems Data Studio Fully managed, self-service cloud solution providing data access for breaking down silos and transforming disparate data into a single unified source of actionable information, including asset management and supply chain modules.
• InterSystems Supply Chain Orchestrator AI-enabled supply chain decision intelligence platform that predicts disruptions before they occur and optimally handles them, including demand sensing, forecasting, and inventory optimization.
• InterSystems EMPI Enterprise master person index using referential matching algorithms to automatically link and reconcile identity records across clinical and business systems.
• InterSystems Regional Health Connections Regional health connectivity platform helping clinicians, care managers, and care teams strengthen coordination, enhance continuity of care, and improve patient engagement in rural areas.
• InterSystems Personal Community Digital front door platform enabling health systems, providers, health plans, HIEs, governments, and developers to engage patients with personalized communications and healthcare journeys.
• HealthShare Provider Directory Provider data management solution that collects, consolidates, and publishes information about healthcare providers and their relationships to patients, health plans, and one another.
• InterSystems Payer Connector Integration product enabling automated bi-directional data exchange between Epic Payer Platform and health plan clinical and administrative applications.
• InterSystems Payer Services Interoperability solutions designed to help U.S. health insurers address CMS-0057 and CMS-9115 regulations.
• TrakCare Lab Enterprise Browser-based modern enterprise laboratory and business management system supporting any clinical lab service, from independent labs to extensive national laboratory systems.
• InterSystems Health Gateway Cloud-based on-demand service delivering near real-time secure access to patient data from national networks including eHealth Exchange, CommonWell, and TEFCA.
• HealthShare Health Insight Analytics solution providing real-time care insights and in-depth analysis for clinical, business, and population health management as the companion analytics solution for HealthShare Unified Care Record.
• HealthShare Care Community FHIR-enabled care management software solution that allows the entire care team to create and share comprehensive care plans for improved care coordination.
• InterSystems OMOP Cloud-based data pipeline and management solution combining FHIR with out-of-the-box transformation to CDM and OMOP repository for standardized clinical data analytics and research.
• HealthShare AI Assistant Generative AI tool providing conversational querying of patient data with source traceability and role-based prompts integrated into existing healthcare workflows.

Quantifiable outcome

• InterSystems EMPI eliminated 500,000 duplicate records and reduced manual data reviews by 41% at a regional US health system
• +4 more outcomes

Named customers18 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration21 records

AI capability15 records

Feature12 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• 59stVenturescoreStrategic or Co-development Partner · 28 May 2026Partnership to enable interoperable, AI-ready data ecosystems across ASEAN and broader Asia-Pacific region, combining InterSystems data platforms with 59stVentures' regional digital transformation expertise targeting healthcare, supply chain, and smart cities verticals
• BriyacoreStrategic or Co-development Partner · 19 May 2026Strategic partnership to integrate Briya's AI research platform with InterSystems data infrastructure, enabling healthcare and life sciences researchers to query longitudinal patient datasets using natural language while maintaining GDPR and HIPAA compliance
• T2 Design SolutionscoreStrategic or Co-development Partner · 18 May 2026T2 Design Solutions joined InterSystems' ecosystem as a Solution Partner to deliver connected digital twins, combining T2's digital twin expertise with InterSystems data platform technology across healthcare, retail, and manufacturing sectors
• Resilience CarecoreTechnology or Integration · 3 March 2026Technology partnership to deploy oncology care solution using InterSystems IRIS for Health as integration layer with hospital information systems, enabling automatic synchronization of chemotherapy appointments and consultations with production beginning October 2025
• EpiccoreTechnology or Integration · 13 February 2026InterSystems Payer Connector product available in Epic Connection Hub, enabling automated bi-directional data exchange between Epic Payer Platform and health plan IT systems through a single integration hub
• Google CloudcoreTechnology or Integration · 21 October 2025Integration of InterSystems HealthShare with Google Cloud's Healthcare API to improve healthcare data interoperability and support AI applications, creating a unified scalable data foundation for AI-driven decision support
• AWScoreTechnology or IntegrationCloud partner with InterSystems IRIS and IRIS for Health as Preferred Solutions on AWS, providing customers deployment flexibility and streamlined operations on AWS infrastructure
• Microsoft AzurecoreTechnology or IntegrationInterSystems IRIS and IRIS for Health Data Platforms are Preferred Solutions on Azure Marketplace, enabling customers to deploy on Microsoft Azure cloud
• T-SystemsminorImplementation/ SI/ Consulting PartnerT-Systems partnership for TrakCare implementation, collaborating to improve service quality and reduce wait times for healthcare organizations
• Digital Health NetworksminorGTM or Marketing PartnerSponsor of professional community for over 6,500 NHS IT leaders working to advance digital healthcare transformation across UK, supporting community engagement activities and Summer Schools 2026 event

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Epic Systems: Epic is the dominant US acute-care EHR vendor and the most direct competitor to InterSystems TrakCare and IntelliCare, with broad interoperability (Care Everywhere) and growing AI offerings; recent Epic wins at NHS Somerset/Dorset explicitly displaced InterSystems.
• Oracle Health (formerly Cerner): Oracle Health provides the Cerner Millennium EHR and broader healthcare data platform, competing directly with TrakCare/IntelliCare in the acute-care market and HealthShare in interoperability — backed by Oracle's analytics and AI infrastructure.
• MEDITECH: MEDITECH is a long-standing acute-care EHR vendor with Expanse and AI-driven workflows, competing with InterSystems in mid-size hospitals and integrated delivery networks domestically and internationally.
• Allscripts / Veradigm: Allscripts (now operating as Veradigm) provides Sunrise and Paragon EHRs plus FollowMyHealth patient engagement, directly competing with InterSystems in the acute-care EHR and population health categories.
• athenahealth: athenahealth delivers cloud-native ambulatory and inpatient EHR plus AI scribing capabilities, directly competing with IntelliCare on AI-driven clinical documentation and clinician-experience improvements.

Broad incumbents

• Optum (UnitedHealth Group): Optum is a broad incumbent in payer-provider analytics, interoperability, and risk-bearing care; its data exchange and analytics capabilities compete with HealthShare for payer-provider data flow and CMS-0057 connectivity.

Emerging players

• Google Cloud Healthcare API: Google Cloud's Healthcare API provides FHIR-native data store and now directly integrates with InterSystems HealthShare; it is both a partner and a competing platform for healthcare data and AI workloads.
• AWS HealthLake / HealthOmics: AWS HealthLake is a FHIR-native data lake service for healthcare and life sciences that competes with InterSystems IRIS for Health and Health Connect for cloud-first healthcare analytics workloads.
• Microsoft Cloud for Healthcare (with Fabric): Microsoft Cloud for Healthcare, built on Fabric and Azure Health Data Services, competes with InterSystems IRIS for Health as a healthcare data platform and increasingly bundles interoperability that overlaps with HealthShare.
• Health Gorilla: Health Gorilla is a Qualified Health Information Network (QHIN) operating an interoperability platform that directly competes with InterSystems Health Gateway for TEFCA-based national health data exchange.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/InterSystems
• YouTubeyoutube.com/user/InterSystemsCorp
• Facebookfacebook.com/InterSystems
• LinkedInlinkedin.com/company/intersystems
• Instagraminstagram.com/intersystems

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

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

M&A

Investments6 records

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

Frequently asked questions about Intersystems