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ChartWise Medical Systems

Full company profile

uuid0005iiv

Namestring
ChartWise Medical Systems
Websiteurl
chartwisemed.com
Company typeenum
Private
Founded yearint
2009
Descriptiontext

ChartWise Medical Systems is a private, for-profit healthcare software company founded in 2009 and headquartered in Wakefield, Massachusetts. The company develops software for diagnostic and clinical documentation operations and is identified in industry coverage as a key vendor in the computer-assisted coding (CAC) market, a segment projected to reach $11.58 billion by 2030 at a 12.5% CAGR. The firm operates with a small team (11-50 employees) and has raised approximately $5.475 million in disclosed funding across four rounds from 2009 through 2018, with investors including Clayton Associates, FCA Venture Partners, and Recurring Capital Partners.

Short descriptiontext

ChartWise Medical Systems is a private, Wakefield, Massachusetts-based healthcare software company (founded 2009) that develops diagnostic and clinical documentation software for the computer-assisted coding market.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersWakefield, United States
HQ citystring
Wakefield
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
clinical documentation software, computer-assisted coding, diagnostic documentation software, healthcare coding software, clinical documentation operations
Industry3 codes
1Medical Billing & Coding Automation
CodeHLACACAAPrimaryYes
2Clinical Coding Support (ICD/CPT/SNOMED) & Documentation Compliance Tools
CodeHLACAAAOPrimaryNo
3Nursing, Clinical Notes & Documentation Workflow Tools
CodeHLACAAAGPrimaryNo
NAICS code1 code
  • Custom Computer Programming Services541511
SIC code2 codes
  • Services-Computer Programming, Data Processing, Etc.7370
  • Services-Computer Processing & Data Preparation7374
Product category
Healthcare Clinical Documentation Software
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Healthcare Revenue Cycle Management Software
TypeSubscription Recurring
Description

Waystar generates revenue through subscription/software licensing of its end-to-end revenue cycle management (RCM) platform to healthcare organizations including health systems, hospitals, and physician practices. The platform combines clinical and financial intelligence modules across financial clearance, clinical integrity, claim management, payment management, and denial recovery. Revenue is derived from annual or multi-year contracts with healthcare provider organizations.

waystar.com
Marketing channels9 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Technology or R&D, Marketing or Sales, Operations
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

ChartWise Medical Systems develops software for diagnostic and clinical documentation operations. The company is identified as a key participant in the computer-assisted coding (CAC) market, providing software that supports clinical documentation workflows for healthcare providers.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 7 values shown
  • 98% physician response rate (Waystar, Documentation & Coding Leakage Analysis, 2025)
+6 more records
Product overview1 text field

Based on the source data reviewed, no specific product details, module architecture, or named product offerings were found for ChartWise Medical Systems. The news article identifies ChartWise as a key player in the computer-assisted coding (CAC) market, which is projected to reach $11.58 billion by 2030 with a CAGR of 12.5%, but does not provide detailed information about ChartWise's specific product portfolio or service offerings.

Product and service1 record
1Clinical Documentation Software
CategoryComputer-Assisted Coding / Clinical Documentation
Scale indicator9 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Firstsource Solutions Limited
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Firstsource Solutions Limited completed an acquisition to enhance its revenue cycle management capabilities in the computer-assisted coding market. This acquisition signals strategic consolidation within the healthcare RCM and CAC space, as companies seek to strengthen end-to-end revenue cycle and clinical documentation offerings. The acquisition is referenced in the context of market growth trends in the computer-assisted coding sector.

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight2 records

Each record includes

Type, Description

Peers10 records
1Waystar
TypeDirect peer
Description

End-to-end healthcare revenue cycle management platform with a native Clinical Documentation Integrity (CDI) and computer-assisted coding module powered by AltitudeAI. Directly competes with ChartWise in the CAC/CDI market for hospitals and health systems.

2Optum (Optum360 / Optum Insight)
TypeBroad incumbent
Description

Operates one of the largest RCM, CDI, and CAC solution suites for U.S. providers as part of UnitedHealth Group. Overlaps directly with ChartWise across computer-assisted coding, clinical documentation, and revenue integrity.

33M Health Information Systems (Solventum)
TypeBroad incumbent
Description

3M's HIS division (now Solventum after spin-off) historically led the CAC and coding-driven CDI market with 3M CodeFinder and related platforms. A direct comparator in CAC and clinical documentation, particularly for hospital systems.

4Nuance (Microsoft)
TypeBroad incumbent
Description

Provides computer-assisted coding and clinical documentation improvement solutions (e.g., Nuance CDE One) and is now part of Microsoft. Competes with ChartWise in CAC and ambient clinical documentation for hospitals.

5Dolbey
TypeDirect peer
Description

Specialist vendor of computer-assisted coding (Fusion CAC) and speech recognition for healthcare. Closely comparable niche competitor focused on the same CAC and clinical documentation workflow ChartWise serves.

6Streamline Health
TypeDirect peer
Description

Public healthcare technology company focused on revenue cycle management, CAC, and CDI/eValuator clinical documentation improvement. Directly comparable specialty competitor to ChartWise in CAC and CDI.

7Iodine Software
TypeDirect peer
Description

AI-powered CDI and mid-revenue-cycle platform whose Interact/Aware products target the same documentation-integrity workflows as ChartWise. Highly comparable in product scope and target customer (health systems).

8FinThrive
TypeBroad incumbent
Description

End-to-end RCM platform combining charge integrity, documentation improvement, and claims management for hospitals. Competes with ChartWise on CAC-adjacent revenue capture and clinical documentation workflows.

9nThrive
TypeBroad incumbent
Description

Full-service RCM and analytics vendor serving hospitals and physician groups with CAC-adjacent coding, documentation improvement, and revenue integrity offerings. Comparable end-market overlap with ChartWise.

10AAPC (Coding training / professional services)
TypeOthers
Description

Not a software competitor, but the dominant U.S. credentialing body for medical coders and a training/publishing organization. Adjacent to ChartWise via the medical-coding labor market it depends on and the regulatory taxonomy (ICD/CPT) embedded in CAC software.

Market position
Strengths3 records

Each record includes

Headline, Details, Source

Weaknesses3 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks4 records

Each record includes

Headline, Details, Source

Key highlights4 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers5 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature10 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds4 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors3 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

ChartWise Medical Systems

Healthcare Clinical Documentation Softwarechartwisemed.com

ChartWise Medical Systems is a private, Wakefield, Massachusetts-based healthcare software company (founded 2009) that develops diagnostic and clinical documentation software for the computer-assisted coding market.

What ChartWise Medical Systems does

ChartWise Medical Systems is a private, for-profit healthcare software company founded in 2009 and headquartered in Wakefield, Massachusetts. The company develops software for diagnostic and clinical documentation operations and is identified in industry coverage as a key vendor in the computer-assisted coding (CAC) market, a segment projected to reach $11.58 billion by 2030 at a 12.5% CAGR. The firm operates with a small team (11-50 employees) and has raised approximately $5.475 million in disclosed funding across four rounds from 2009 through 2018, with investors including Clayton Associates, FCA Venture Partners, and Recurring Capital Partners.

ChartWise Medical Systems firmographics

Firmographics
Name
ChartWise Medical Systems
Website
https://chartwisemed.com
Company type
Private
Founded year
2009
Operating status
Operating
Headcount range
11–50 employees
Short description
ChartWise Medical Systems is a private, Wakefield, Massachusetts-based healthcare software company (founded 2009) that develops diagnostic and clinical documentation software for the computer-assisted coding market.
Ownership category
akta.pro rank

ChartWise Medical Systems industry classification

Industry
Product category
Healthcare Clinical Documentation Software
NAICS
Custom Computer Programming Services (541511)
SIC
Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)
akta.pro primary industry
Medical Billing & Coding Automation (HLACACAA)
akta.pro secondary industries
Clinical Coding Support (ICD/CPT/SNOMED) & Documentation Compliance Tools (HLACAAAO), Nursing, Clinical Notes & Documentation Workflow Tools (HLACAAAG)

Keywords

  • Clinical documentation software
  • Computer-assisted coding
  • Diagnostic documentation software
  • Healthcare coding software
  • Clinical documentation operations

Where ChartWise Medical Systems is headquartered

Location

Headquarters

HQ city
Wakefield
HQ country
United States
HQ region
North America

Markets served

ChartWise Medical Systems business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

  1. Healthcare Revenue Cycle Management Software: Waystar generates revenue through subscription/software licensing of its end-to-end revenue cycle management (RCM) platform to healthcare organizations including health systems, hospitals, and physician practices. The platform combines clinical and financial intelligence modules across financial clearance, clinical integrity, claim management, payment management, and denial recovery. Revenue is derived from annual or multi-year contracts with healthcare provider organizations.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

ChartWise Medical Systems product offering

Product offering

Core offering

ChartWise Medical Systems develops software for diagnostic and clinical documentation operations. The company is identified as a key participant in the computer-assisted coding (CAC) market, providing software that supports clinical documentation workflows for healthcare providers.

Product overview

Based on the source data reviewed, no specific product details, module architecture, or named product offerings were found for ChartWise Medical Systems. The news article identifies ChartWise as a key player in the computer-assisted coding (CAC) market, which is projected to reach $11.58 billion by 2030 with a CAGR of 12.5%, but does not provide detailed information about ChartWise's specific product portfolio or service offerings.

Differentiator

Problem solved

Functional benefit

Products and services

  • Clinical Documentation Software

Quantifiable outcome

  • 98% physician response rate (Waystar, Documentation & Coding Leakage Analysis, 2025)
  • +6 more outcomes

Companies that use ChartWise Medical Systems

Customer profile

Named customers5 records

Segments2 records

Ideal customer profiles1 record

ChartWise Medical Systems technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature10 records

ChartWise Medical Systems partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Firstsource Solutions LimitedcoreStrategic or Co-development PartnerFirstsource Solutions Limited completed an acquisition to enhance its revenue cycle management capabilities in the computer-assisted coding market. This acquisition signals strategic consolidation within the healthcare RCM and CAC space, as companies seek to strengthen end-to-end revenue cycle and clinical documentation offerings. The acquisition is referenced in the context of market growth trends in the computer-assisted coding sector.

Scale indicators9 records

Recent moves4 records

Expansion highlights2 records

ChartWise Medical Systems competitors and assessment

Company assessment

Direct peers

  • Waystar: End-to-end healthcare revenue cycle management platform with a native Clinical Documentation Integrity (CDI) and computer-assisted coding module powered by AltitudeAI. Directly competes with ChartWise in the CAC/CDI market for hospitals and health systems.
  • Dolbey: Specialist vendor of computer-assisted coding (Fusion CAC) and speech recognition for healthcare. Closely comparable niche competitor focused on the same CAC and clinical documentation workflow ChartWise serves.
  • Streamline Health: Public healthcare technology company focused on revenue cycle management, CAC, and CDI/eValuator clinical documentation improvement. Directly comparable specialty competitor to ChartWise in CAC and CDI.
  • Iodine Software: AI-powered CDI and mid-revenue-cycle platform whose Interact/Aware products target the same documentation-integrity workflows as ChartWise. Highly comparable in product scope and target customer (health systems).

Broad incumbents

  • Optum (Optum360 / Optum Insight): Operates one of the largest RCM, CDI, and CAC solution suites for U.S. providers as part of UnitedHealth Group. Overlaps directly with ChartWise across computer-assisted coding, clinical documentation, and revenue integrity.
  • 3M Health Information Systems (Solventum): 3M's HIS division (now Solventum after spin-off) historically led the CAC and coding-driven CDI market with 3M CodeFinder and related platforms. A direct comparator in CAC and clinical documentation, particularly for hospital systems.
  • Nuance (Microsoft): Provides computer-assisted coding and clinical documentation improvement solutions (e.g., Nuance CDE One) and is now part of Microsoft. Competes with ChartWise in CAC and ambient clinical documentation for hospitals.
  • FinThrive: End-to-end RCM platform combining charge integrity, documentation improvement, and claims management for hospitals. Competes with ChartWise on CAC-adjacent revenue capture and clinical documentation workflows.
  • nThrive: Full-service RCM and analytics vendor serving hospitals and physician groups with CAC-adjacent coding, documentation improvement, and revenue integrity offerings. Comparable end-market overlap with ChartWise.

Others

  • AAPC (Coding training / professional services): Not a software competitor, but the dominant U.S. credentialing body for medical coders and a training/publishing organization. Adjacent to ChartWise via the medical-coding labor market it depends on and the regulatory taxonomy (ICD/CPT) embedded in CAC software.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat3 records

Key risks4 records

Key highlights4 records

Customer concentration

ChartWise Medical Systems social profiles

Digital presence

ChartWise Medical Systems financial estimates

Financial estimate

Revenue estimate

Valuation estimate

ChartWise Medical Systems leadership team

Management profile

Number of profiles

ChartWise Medical Systems funding detail

Funding detail

Funding overview

Funding rounds4 records

Investors3 records

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

ChartWise Medical Systems M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about ChartWise Medical Systems

What does ChartWise Medical Systems do?

ChartWise Medical Systems develops software for diagnostic and clinical documentation operations. The company is identified as a key participant in the computer-assisted coding (CAC) market, providing software that supports clinical documentation workflows for healthcare providers.

When was ChartWise Medical Systems founded?

ChartWise Medical Systems was founded in 2009. It employs 11 to 50 people.

Where is ChartWise Medical Systems based?

ChartWise Medical Systems is headquartered in Wakefield, United States, in the North America region.

How does ChartWise Medical Systems make money?

One revenue line is on record: healthcare Revenue Cycle Management Software.

Who are ChartWise Medical Systems's main competitors?

Direct peers on record are Waystar, Dolbey, Streamline Health and Iodine Software. Broad incumbents are Optum (Optum360 / Optum Insight), 3M Health Information Systems (Solventum), Nuance (Microsoft), FinThrive and nThrive. AAPC (Coding training / professional services) is listed as an others.

Does ChartWise Medical Systems have an API?

No public API is recorded for ChartWise Medical Systems.

What industry is ChartWise Medical Systems in?

ChartWise Medical Systems's product category is Healthcare Clinical Documentation Software. Its primary akta.pro industry code is HLACACAA, Medical Billing & Coding Automation, with a secondary code of HLACAAAO, Clinical Coding Support (ICD/CPT/SNOMED) & Documentation Compliance Tools. Its NAICS code is 541511 and its SIC code is 7370.

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Live signals
PR NewswireIodine Software Acquires ChartWise Medical SystemsIodine Software, a healthcare AI company, has acquired ChartWise Medical Systems, a Computer-Assisted CDI software company and overall winner of the 2021 Best in KLAS Award for CDI. The acquisition expands Iodine's reach to more than 800 hospitals and health systems and represents Iodine's second acquisition this year following its purchase of Artifact Health. The combined entity will offer three top CDI solutions under one umbrella, signaling Iodine's strategy to expand its machine-learning technology across the broader healthcare market.GlobeNewswireChartWise Medical Systems Lands on Inc. 5000 List of Fastest-Growing Companies for Second Consecutive YearChartWise Medical Systems ranked 797th on the Inc. 5000 list for 2017, placing it in the top 16% of fastest-growing private companies. The company's three-year growth rate of 565% prompted its inclusion, and it also ranked first in Rhode Island for the second consecutive year.GlobeNewswireChartWise Medical Systems Recognized on the Inc. 5000 List as One of America's Fastest-Growing Private CompaniesChartWise Medical Systems was named to the Inc. 5000 list of America's fastest-growing private companies, ranking 627th with 617% three-year sales growth. The company also ranked first on Inc.'s list of top Rhode Island companies. The 2016 Inc. 5000 is the most competitive crop in the list's history.GlobeNewswireChartWise Medical Systems Honored as a Red Herring Top 100 North America WinnerChartWise Medical Systems was named a Red Herring Top 100 North America winner in 2015, selected from about 1,200 privately financed companies. The company's ChartWise 2.0 software was cited for its financial performance, innovation, and intellectual property. Founder Dr. Jon Elion will serve as a keynote speaker for the event.GlobeNewswireChartWise Medical Systems Launches Next Generation ChartWise 2.0 CDI SoftwareChartWise Medical Systems launched ChartWise 2.0, a web-based CDI software with dual query and CDI functionality supporting both ICD-9 and ICD-10. The software includes DataScan reporting and alerts, and is built on Microsoft Azure. It aims to ease the ICD-10 conversion and improve clinical documentation efficiency.GlobeNewswireChartWise Medical Systems and TrustHCS Announce PartnershipChartWise Medical Systems and TrustHCS announced a partnership to combine ChartWise's CDI software with TrustHCS's consulting and education services. The collaboration aims to help hospitals prepare for the October 2014 ICD-10 implementation deadline, with both companies using the TruCode encoder.GlobeNewswirePeak Health Solutions and ChartWise Medical Systems Enter Into PartnershipPeak Health Solutions and ChartWise Medical Systems announced a partnership combining Peak's clinical documentation improvement consulting with ChartWise's CDI software. The integration aims to help healthcare providers improve clinical documentation through an integrated approach. The companies expect to offer their users Peak's consulting services to augment their current CDI programs.GlobeNewswireGwinnett Hospital System, Inc. Seamlessly Integrates ChartWise Medical Systems' ChartWise:CDI SoftwareGwinnett Hospital System integrated ChartWise:CDI software in January 2013, increasing initial chart reviews from 774 to 1,445 and follow-ups from 439 to 1,850 in March. The software automates documentation clarification and supports ICD-10 transition. Gwinnett expects continued growth in its CDI program.GlobeNewswireChartWise Medical Systems Exhibits ChartWise:CDI Software at ACDIS 2012ChartWise Medical Systems will exhibit its ChartWise:CDI software at the 2012 ACDIS Conference in San Diego on May 10-11. The software includes new functionality to display ICD-10 equivalents for ICD-9 codes, aiding preparation for the ICD-10 transition. The company will be at booth #210.GlobeNewswireChartWise Medical Systems Incorporates Additional FunctionalityChartWise Medical Systems added reference content from the AHA Coding Clinics, Ingenix DRG Desk Reference, CMS guidelines, and RAC audit alerts to its clinical documentation software. The update provides context-sensitive coding information and audit alerts for documentation specialists. The company states this combination is not available in competing products.