MedEvolve
MedEvolve sells the Effective Intelligence (Ei) Suite, a cloud-based AI-powered revenue cycle management platform that tracks every human touch on a claim to help U.S. healthcare providers, specialty practices, and RCM BPOs reduce administrative waste and labor costs.
- Company typePrivate
- Founded2017
- HeadquartersLittle Rock, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What MedEvolve does
MedEvolve is a U.S.-based healthcare technology company that sells the Effective Intelligence (Ei) Suite, a cloud-based revenue cycle management (RCM) platform augmented by a generative AI engine. The core technical premise is the capture of human-generated 'touch' data — every action a billing staff member takes on a claim, who performed it, when, and with what outcome — layered on top of standard EHR/PM transactional data. This dataset feeds predictive analytics, NLP-driven coding assistance, and workflow automation modules covering financial clearance, medical billing, and real-time performance measurement. The company claims no competitor has access to comparable human-touch data, and it has been ranked #1 by Black Book Research for RCM Workflow Optimization and Automation for three consecutive years through 2024.
MedEvolve generates revenue primarily through enterprise SaaS subscriptions on annual contracts with quote-based pricing, supplemented by professional services for assessments, implementation, and staff augmentation. Customers are predominantly U.S. healthcare provider organizations — including physician practices, specialty groups (behavioral health, anesthesiology, orthopedics), and rural hospitals — as well as outsourced RCM/BPO companies. Distribution is direct enterprise field sales targeting CFOs and revenue cycle leaders, with bundling of implementation and consulting alongside software deployment.
The company was founded in 2017 (with an earlier predecessor entity active since the late 1990s), is headquartered in Little Rock, Arkansas with a San Francisco office, and was acquired in 2023 by Emergence Software, a private equity firm backed by The Pritzker Organization. Matt Seefeld was appointed President and CEO in June 2025, succeeding founder/CEO Matt Rolfes, who moved to the CFO role. The company holds HBMA Compliance Accreditation, SOC 2 Type I certification, and maintains HIPAA-aligned practices.
MedEvolve firmographics
Firmographics- Name
- MedEvolve
- Legal name
- MedEvolve, Inc.
- Website
- https://medevolve.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- MedEvolve sells the Effective Intelligence (Ei) Suite, a cloud-based AI-powered revenue cycle management platform that tracks every human touch on a claim to help U.S. healthcare providers, specialty practices, and RCM BPOs reduce administrative waste and labor costs.
- Ownership category
- akta.pro rank
MedEvolve industry classification
Industry- Product category
- Healthcare Revenue Cycle Management Software
- NAICS
- Software Publishers (5132), Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management) (HDAEANAA)
- akta.pro secondary industry
- Ambulatory & Physician Practice EHRs (HLACAAAB)
Keywords
Where MedEvolve is headquartered
LocationHeadquarters
- HQ city
- Little Rock
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
MedEvolve business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure
Revenue model
- SaaS Subscription (Effective Intelligence Suite): Cloud-based software platform licensed on subscription basis. Includes workflow automation, analytics, and AI capabilities. Implementation and professional services may be bundled with initial deployment.
- Professional Services & Consulting: RCM assessments, coaching, staff augmentation, and implementation support services. May include hybrid engagements where software is combined with operational support.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise SaaS subscription with pricing based on organization size and modules selected |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
MedEvolve product offering
Product offeringCore offering
MedEvolve sells the Effective Intelligence (Ei) Suite, an AI-powered revenue cycle management software platform for healthcare organizations. The platform combines workforce automation, real-time analytics, and a generative AI engine to track every human touch in the revenue cycle, from patient financial clearance through medical billing, in order to reduce wasted work, prevent denials, and lower labor costs. It is complemented by an EHR-integrated Practice Management system and is sold primarily as an annual subscription to hospitals, health systems, physician practices, and medical billing companies.
Product overview
MedEvolve offers a unified platform architecture centered on the Effective Intelligence (Ei) Suite, which combines workforce automation, intelligent analytics, and a generative AI engine. The core platform is complemented by four integrated modules: Real-Time Analytics for performance measurement, Financial Clearance Automation for front-end denial prevention, Medical Billing Automation for workflow tracking, and Practice Management Software for EHR integration. Together, these products track and measure every human touch in the revenue cycle, reduce manual work effort, and enable organizations to achieve 'zero-touch' claims resolution.
Differentiator
Problem solved
Functional benefit
Brands
- Effective Intelligence (Ei): AI-powered workflow automation and analytics platform for healthcare revenue cycle management that tracks and measures every human touch to eliminate inefficiencies and reduce manual work.
Products and services
- Effective Intelligence (Ei) Suite Flagship AI-powered platform combining workforce automation and intelligent analytics to optimize the entire revenue cycle process from financial clearance to medical billing. Tracks and measures every human touch in the revenue cycle to identify where staff are getting involved and reduce avoidable touches for maximum efficiency. Sold to healthcare provider organizations.
- Real-Time Analytics Revenue cycle analytics module within the Ei Suite that reviews and assesses financial status in under 5 minutes. Measures work effort of every revenue cycle employee, incentivizes top performers, and identifies where money is being lost and why.
- Financial Clearance Automation Patient financial clearance automation module that prevents common denials, rejections, and write-offs during scheduling and pre-registration. Configures checkpoints and uses central task management to clear patients quickly while minimizing front office staffing needs.
- Medical Billing Automation Workflow automation module for medical billing that records each 'touch' of a claim, outcome, and next task as team members work claims. Captures data points including who completed the task, when, outcome, task notes, internal/external messages, and collection success that feed into real-time analytics.
- Practice Management Software Flagship practice management (PM) system that integrates with any EHR to provide revenue cycle transparency, automation, and accountability with complete oversight and reporting at every step. Enables remote workforce with task management, performance tracking, and virtual communication tools.
Quantifiable outcome
- 75-90% of operational activity in healthcare RCM consists of avoidable work (based on 30M interactions)
- +11 more outcomes
Companies that use MedEvolve
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
MedEvolve technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature6 records
MedEvolve partnerships and signals
Strategic signalScale indicators6 records
Recent moves7 records
Expansion highlights5 records
MedEvolve competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
MedEvolve social profiles
Digital presenceMedEvolve compliance and trust
Trust signalCompliance3 records
MedEvolve financial estimates
Financial estimateRevenue estimate
Valuation estimate
MedEvolve leadership team
Management profileNumber of profiles
Profiles5 records
MedEvolve funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MedEvolve 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 MedEvolve
What does MedEvolve do?
MedEvolve sells the Effective Intelligence (Ei) Suite, an AI-powered revenue cycle management software platform for healthcare organizations. The platform combines workforce automation, real-time analytics, and a generative AI engine to track every human touch in the revenue cycle, from patient financial clearance through medical billing, in order to reduce wasted work, prevent denials, and lower labor costs. It is complemented by an EHR-integrated Practice Management system and is sold primarily as an annual subscription to hospitals, health systems, physician practices, and medical billing companies.
Is MedEvolve a public or private company?
MedEvolve is a private company. It is classified as private equity controlled and is currently operating.
When was MedEvolve founded?
MedEvolve was founded in 2017. It employs 51 to 100 people.
Where is MedEvolve based?
MedEvolve is headquartered in Little Rock, United States, in the North America region.
How does MedEvolve make money?
Two revenue lines are on record. SaaS Subscription (Effective Intelligence Suite) is the primary driver. The others are professional Services & Consulting.
Does MedEvolve have an API?
No public API is recorded for MedEvolve.
What industry is MedEvolve in?
MedEvolve's product category is Healthcare Revenue Cycle Management Software. Its primary akta.pro industry code is HDAEANAA, End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management), with a secondary code of HLACAAAB, Ambulatory & Physician Practice EHRs. Its NAICS code is 5132 and its SIC code is 7372.