Ingenious Med

Name

Ingenious Med

Legal name

Ingenious Med, Inc.

Website

https://ingeniousmed.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Healthcare Revenue Cycle Management Software

NAICS

Computer Systems Design Services (541512)

SIC

Services-Prepackaged Software (7372), Services-Health Services (8000)

akta.pro primary industry

Acute Care & Hospital EHRs (HLACAAAA)

akta.pro secondary industry

Ambulatory & Physician Practice EHRs (HLACAAAB)

Keywords

• Charge capture software
• Revenue cycle management
• Healthcare revenue optimization
• Physician productivity tools
• MIPS quality reporting

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Subscription Software: Subscription-based SaaS model providing access to charge capture software, analytics, and support. Mobile and web solutions delivered as a service. Typical payback period of 5-7 months for customers.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Ingenious Med provides a cloud-based, mobile-first point-of-care charge capture and revenue cycle management platform for hospitals, health systems, and physician practices. The platform combines AI-powered automated charge capture, Charge-Note Reconciliation, integrated clinical document viewing, real-time analytics, and a CMS-Qualified MIPS Registry, integrated with Epic, Cerner/Oracle Health, and PointClickCare EHRs via HL7/FHIR standards.

Product overview

Ingenious Med offers a unified point-of-care platform for physician charge capture and hospital revenue cycle management. The core platform is architecturally composed of the main Ingenious Med Platform supplemented by the TRIO AI bundle (which includes Automated Charge Capture, Charge-Note Reconciliation, and Document Viewing modules). Additional modules include IM Analytics for business intelligence, Continuum for downtime protection, MasterCoder for coding assistance, and a CMS-Qualified MIPS Registry. The platform integrates with Epic, Cerner/Oracle Health, and PointClickCare EHRs via HL7/FHIR standards, and is accessible via mobile and web interfaces. The company operates as a SaaS solution and was acquired by Harris Healthcare in June 2021.

Differentiator

Problem solved

Functional benefit

Products and services

• Ingenious Med Platform Comprehensive point-of-care charge capture and revenue cycle management platform providing intuitive mobile and web-based tools for physicians, hospitals, and health systems. Includes automated charge capture, data intelligence, value-based alignment, MIPS registry, and EHR integration capabilities.
• TRIO AI Bundle AI-powered product bundle that combines Automated Charge Capture, Charge-Note Reconciliation, and Document Viewing. Reads clinical notes to recommend accurate CPT, ICD-10, and modifier codes and provides dashboard visibility for resolving missing charges.
• AI-Powered Automated Charge Capture AI-powered charge capture solution that scans signed clinical notes in the EHR and recommends accurate CPT, ICD-10 diagnosis, and modifier codes. Reduces manual charge capture time by 15-20 minutes per provider per day and reduces under-coding by 13% and over-coding by 17%.
• Charge-Note Reconciliation (CNR) Proprietary Reliability Science product that compares billed charges against clinical documentation to flag discrepancies and prevent missed revenue. Reported to achieve 100% reduction in missed charges in customer case studies.
• Document Viewing Integrated document viewing capability that displays clinical notes directly within the Ingenious Med platform, eliminating the need for revenue cycle staff to authenticate into separate EMR systems.
• IM Analytics Healthcare data analytics and business intelligence solution providing real-time performance insights, interactive dashboards, and benchmarking tools. Covers 800+ parameters for customized reports and scorecards across providers and locations.
• Continuum Downtime protection and revenue safeguard solution enabling clinicians to continue documenting charges and caring for patients when the EHR is unavailable. Includes offline charge capture, encrypted 7-day patient data viewer, and AI code compliance checks.
• MasterCoder Step-by-step coding tool that improves coding speed, accuracy, and compliance. Reduces coder workload by guiding physicians through proper coding practices.
• MIPS Registry CMS-Qualified Registry for Merit-Based Incentive Payment System (MIPS) reporting since 2010. Integrates MIPS data collection directly into the charge capture process with 100% submission success rate and 0% error transmission rate.

Quantifiable outcome

• 13-15x average ROI for customers
• +10 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability6 records

Feature7 records

Partnerships

Six partnerships are on record, tiered core and secondary.

• Harris (N. Harris Computer Corporation)coreStrategic or Co-development Partner · 29 June 2021Harris, a global vertical market software provider, acquired Ingenious Med in June 2021. Harris is an operating group of Constellation Software Inc. (TSX: CSU). Ingenious Med joins Harris Healthcare group which offers integrated interoperable healthcare solutions. The acquisition provides Ingenious Med with resources to continue innovating for clinicians.
• EpiccoreTechnology or IntegrationEpic App Orchard integration. Ingenious Med's point-of-care solution available in Epic App Orchard Gallery, allowing Epic users to access the platform directly.
• Oracle Health (formerly Cerner)coreTechnology or IntegrationCerner CODE integration. Ingenious Med available in Cerner CODE marketplace for embedded distribution within Cerner workflows.
• PointClickCaresecondaryTechnology or IntegrationIntegration partnership for skilled nursing facility (SNF) and post-acute care settings, extending charge capture and care coordination beyond hospital walls.
• HL7 / FHIR StandardscoreTechnology or IntegrationPlatform built on modern interoperability standards including HL7 and FHIR for EHR integration and data exchange.
• CMS (Centers for Medicare & Medicaid Services)coreTechnology or IntegrationCMS-Qualified Registry since 2010. Ingenious Med submits quality data directly to CMS with 100% submission success rate and 0% error rate for MIPS reporting.

Scale indicators16 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• Iodine Software: Iodine Software provides AI-driven clinical and revenue cycle solutions to health systems, with a strong focus on inpatient coding, documentation, and charge capture. It directly competes with Ingenious Med's TRIO and CNR offerings by automating coding and identifying missed revenue across hospital encounters.
• Waystar: Waystar offers a cloud-based revenue cycle management platform used by hospitals and health systems, with modules spanning charge capture, claims management, and patient financial experience. It overlaps directly with Ingenious Med's hospital-facing RCM and analytics capabilities.
• FinThrive: FinThrive (formed from the merger of nThrive and RevSpring) provides end-to-end revenue cycle management technology for health systems, including patient access, coding, billing, and analytics. Its end-to-end platform competes with Ingenious Med's mid-revenue cycle and analytics modules.
• R1 RCM: R1 RCM provides technology-driven revenue cycle management services for hospitals and health systems, covering patient access, coding, and accounts receivable. It competes with Ingenious Med in the hospital RCM market through a hybrid SaaS-plus-services model.
• Availity: Availity operates a healthcare information network and revenue cycle management platform connecting providers, payers, and technology partners. It overlaps with Ingenious Med's EHR-integrated revenue workflow and information exchange capabilities for health systems.

Emerging players

• AKASA: AKASA builds AI-powered automation for hospital revenue cycle operations, including coding, claims, and prior authorization workflows. As an emerging AI RCM player, it overlaps with Ingenious Med's TRIO bundle and long-term automation roadmap.
• Adonis Intelligence: Adonis is an AI-native revenue cycle intelligence platform for hospitals and physician groups, focused on denials, underpayments, and coding optimization. It represents an emerging competitive threat to Ingenious Med's AI-driven charge capture and reconciliation capabilities.
• Health Catalyst: Health Catalyst provides data, analytics, and revenue cycle improvement solutions for health systems, including tools for MIPS and value-based reporting. Its analytics and quality-reporting capabilities overlap with Ingenious Med's IM Analytics and MIPS Registry modules.

Broad incumbents

• Optum (UnitedHealth Group): Optum operates one of the largest healthcare RCM, analytics, and payer-services businesses in the US, including charge capture, coding, and value-based care tools. As a broad incumbent, it competes with Ingenious Med through both acquired technology platforms and integrated payer-provider offerings.
• Experian Health: Experian Health provides patient access, claims management, and revenue cycle solutions to hospitals and physician groups. As a broader healthcare data and RCM incumbent, it competes with Ingenious Med across multiple workflow stages rather than specializing in point-of-care capture.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/IngeniousMed
• Facebookfacebook.com/IngeniousMed
• LinkedInlinkedin.com/company/ingenious-med

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds5 records

Investors6 records

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

M&A

Investments

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

Frequently asked questions about Ingenious Med