ChartWise Medical Systems
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.
- Company typePrivate
- Founded2009
- HeadquartersWakefield, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
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
Where ChartWise Medical Systems is headquartered
LocationHeadquarters
- 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
- 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 offeringCore 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 profileNamed customers5 records
Segments2 records
Ideal customer profiles1 record
ChartWise Medical Systems technology and API
TechnologyTechnology 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 signalPartnerships
One partnership is on record.
- Firstsource Solutions LimitedcoreFirstsource 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 assessmentDirect 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 presenceChartWise Medical Systems financial estimates
Financial estimateRevenue estimate
Valuation estimate
ChartWise Medical Systems leadership team
Management profileNumber of profiles
ChartWise Medical Systems funding detail
Funding detailFunding 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 investmentM&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.