What FIGMD does

FIGMD is a US-based healthcare quality measurement and improvement solutions provider founded in 2010 and operating as a subsidiary of MRO Corp. The company builds EHR-agnostic, cloud-based SaaS platforms that aggregate, normalize, and analyze clinical and claims data across 250+ Health IT systems (EHRs, LIS, PMS, RCM), supporting 12,000+ data elements, 680 QPP/Non-QPP quality measures, and 18 HEDIS measures. Its product portfolio includes PerformancePathway® (ACO quality performance management), the Pegasus Quality Platform (ONC-certified), and Polaris MIPS/MVP Reporting (a CMS-approved Qualified Registry), with additional modules for Provider, Payer, and Specialty Society & Registries segments, plus a tele-medicine offering (First). Operations combine US-based enterprise sales and clinical domain staff (850+ healthcare specialists across Norristown, PA and Rockford, IL) with engineering and operations centers in Pune, India.

FIGMD serves four primary customer segments — ACOs, healthcare providers, payers, and medical specialty societies & registries — and extends into adjacent CRO and life sciences/pharma verticals. The company pioneered clinical data registry services for the American College of Cardiology in 2010 and has since expanded to 19+ medical specialty societies, including AAO, ACR, APTA, CAP, and the ABFM PRIME Registry, reaching 22,500+ practices, 200,000+ providers, and 3.5M+ lives. Differentiated infrastructure includes ONC Certified HIT, HIPAA, HITRUST, and 21 CFR Part 11 certifications, NCQA-compliant HEDIS, CMS Qualified Registry status, and a Google Cloud Platform-backed data warehouse of ~2PB holding 1.3B+ extracted clinical records.

Revenue is generated primarily through enterprise SaaS subscriptions to ACOs, providers, payers, and specialty societies, supplemented by professional services for onboarding, data processing, and quality reporting — all delivered on quote-based, annual billing cycles with no public price list. The go-to-market is enterprise field sales complemented by a direct channel via the Polaris Qualified Registry for mid-market practices and channel/reseller relationships through 19+ specialty society partners. Disclosed funding is limited to ~$600K in small non-dilutive grants (2011, 2014), with growth funded operationally under MRO Corp ownership rather than through institutional venture capital.

Name

FIGMD

Legal name

FIGmd, Inc.

Website

https://figmd.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

501–1,000 employees

Short description

FIGMD is a US-based healthcare technology subsidiary of MRO Corp that provides cloud-based SaaS platforms for clinical data acquisition, quality measurement, and performance reporting, serving ACOs, providers, payers, and 19+ medical specialty societies across 250+ Health IT integrations.

Ownership category

akta.pro rank

Product category

Healthcare Quality Reporting Software

NAICS

Software Publishers (51321), Computer Systems Design and Related Services (5415), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Real-World Data (RWD) Platforms & Clinical Data Curation (HLACAIAJ)

akta.pro secondary industries

Quality Management & Regulatory Compliance (CLIA/CAP/ISO) for Labs (HLACAMAH), Pathology Reporting, Synoptic Templates & Cancer Registry Interfaces (HLACAMAJ)

Keywords

• Healthcare quality reporting
• Clinical data interoperability
• MIPS quality measurement
• Healthcare data analytics
• ACO performance management

Headquarters

HQ city

Rockford

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Software Subscriptions: Cloud-based SaaS solutions delivered as subscription services to healthcare organizations for clinical data quality reporting and performance management
2. Software Solutions: Downloadable and online software solutions that create, collect, and process data into customizable, searchable databases producing custom-made reports for provider organizations
3. Professional Services: End-to-end services including practice onboarding and support, data collection and processing, and quality performance dashboard and reporting

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

FIGMD provides cloud-based SaaS solutions for healthcare data acquisition, interoperability, and clinical quality measurement and reporting. Its portfolio includes the PerformancePathway ACO platform, the ONC-certified Pegasus Quality Platform, and the CMS-approved Polaris MIPS/MVP Qualified Registry, enabling ACOs, providers, payers, and specialty societies to aggregate clinical and claims data from 250+ EHR/LIS/PMS/RCM systems for quality reporting, value-based care, and regulatory compliance.

Product overview

FIGMD provides a unified healthcare intelligence platform centered on the Pegasus Quality Platform (ONC-certified) with modular solutions for different healthcare segments. The core PerformancePathway® product serves ACOs with end-to-end quality performance management, while Polaris extends MIPS/MVP reporting capabilities to broader provider practices. Provider Solutions and Payer Solutions form the main customer-facing product lines, with Specialty Societies & Registries Solutions serving medical societies across 20 specialties. All products leverage the underlying FIGmd Healthcare Data Analytics Platform built on cloud infrastructure with machine learning and analytics capabilities. The portfolio supports 680+ QPP/Non-QPP measures, 18+ HEDIS measures, and integrates with 250+ Health IT systems across 3.5M+ lives and 200K+ providers.

Differentiator

Problem solved

Functional benefit

Brands

• PerformancePathway: An EHR-agnostic cloud-based SaaS solution for ACOs providing quality performance management, including eCQM/CQM MIPS measures requirements support.
• PerformancePathway ACO
• Polaris
• Pegasus Quality Platform

Products and services

• PerformancePathway EHR-agnostic cloud-based SaaS solution for ACOs that automates quality performance reporting, data normalization, MIPS/CQM submissions, and provides an ACO dashboard to track quality scores across the enterprise.
• Pegasus Quality Platform ONC-certified healthcare quality platform providing clinical data registry services, quality performance management, and compliance reporting deployed across ACO, Provider, and Specialty Societies & Registries segments.
• Polaris MIPS/MVP Reporting CMS-approved Qualified Registry (QR) for MIPS/MVP reporting that enables eligible clinicians and practices to report across all MIPS/MVP quality measures and attest for all ACI measures, extending FIGMD technology to broader provider practices.
• Provider Solutions Provider-facing solutions including clinical quality measurement and reporting, care gaps management, real-time patient scorecards, multi-payer incentive program participation, and provider portal access serving 100,000+ providers.
• Payer Solutions Payer solutions for provider network data aggregation, care gap identification, automated medical record retrieval, HEDIS reporting, predictive analytics, and payer-provider collaboration, supporting 3.5M+ lives.
• Specialty Societies & Registries Solutions Registry management solutions for medical specialty societies including quality payment program participation, patient-reported outcomes capture, big data/reporting infrastructure, care gaps management, and benchmarking across 20 specialty registries serving 22,500+ practices.
• First (Tele-Medicine) Tele-medicine solution enabling remote clinical data exchange and virtual care coordination.

Named customers7 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability7 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core.

• American College of CardiologycoreStrategic or Co-development Partner · 1 January 2010FIGmd leapfrogged in 2010 by providing end-to-end clinical data registry services to the American College of Cardiology, establishing the foundation for their specialty society registry business
• 19+ Medical Specialty SocietiescoreStrategic or Co-development PartnerFIGmd pioneers in providing clinical data registry services to more than 19 medical societies across the United States, including American College of Cardiology, American Board of Family Medicine, American Academy of Ophthalmology, American College of Rheumatology, American Physical Therapy Association, and College of American Pathologists
• MRO (Medical Record Organization)coreStrategic or Co-development PartnerFIGmd is an MRO Company. MRO is transforming the way clinical data is exchanged. FIGmd operates as a subsidiary/company under MRO, leveraging MRO's clinical data exchange transformation capabilities
• 250+ Health IT Systems (EHR, LIS, PMS, RCM)coreTechnology or IntegrationFIGmd integrates with 250+ Health IT systems including EHRs, LIS, PMS, and RCM systems. Specific EHR integrations mentioned include 160+ EHRs for HEDIS, plus Allscripts, Athena, eCW and others for healthcare data interoperability
• Google Cloud PlatformcoreTechnology or IntegrationBig data solution powered by Apache Hive and Google Cloud Platform Big Data Technologies for HIPAA compliant environment and secure, scalable architecture
• CMS (Centers for Medicare & Medicaid Services)coreTechnology or IntegrationFIGmd operates as a CMS approved Qualified Registry (QR) for MIPS/MVP reporting and supports QPP (Quality Payment Program) measures. One of the largest submitters to CMS for MIPS reporting
• NCQA (National Committee for Quality Assurance)coreTechnology or IntegrationFIGmd's NCQA compliant HEDIS e-measure solution enables access to clinical data of 160+ EHRs as standard supplemental data for health plan NCQA ratings

Scale indicators16 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Health Catalyst: Health Catalyst is a healthcare data and analytics platform serving providers, ACOs, and payers with quality, cost, and outcomes analytics. It is a direct competitor to FIGmd in clinical data warehousing, MIPS/HEDIS reporting, and value-based care analytics for health systems.
• Arcadia: Arcadia provides a healthcare data platform focused on population health management, ACO quality reporting, and value-based care performance. It directly competes with FIGmd's PerformancePathway and Pegasus platforms for ACO and payer customers.
• Innovaccer: Innovaccer offers a unified healthcare data platform with quality reporting, HEDIS, MIPS, and care management capabilities. It is a direct peer in clinical data interoperability and value-based care enablement.
• Lightbeam Health Solutions: Lightbeam Health Solutions delivers a population health management and ACO analytics platform, including quality reporting and payer-provider data exchange. It directly competes with FIGmd in serving ACOs and risk-bearing providers.
• Cedar Gate Technologies: Cedar Gate Technologies is a value-based care performance platform offering analytics, care management, and payment solutions. It overlaps with FIGmd in ACO, payer, and value-based contract analytics.

Broad incumbents

• Premier Inc. Premier Inc. is a large healthcare improvement company offering performance services, analytics, and supply chain solutions to health systems. Its analytics arm overlaps with FIGmd's quality reporting capabilities as part of a broader portfolio.
• NextGen Healthcare: NextGen Healthcare provides EHR and population health solutions to ambulatory practices, including quality reporting. As a broader incumbent in ambulatory health IT, it competes in adjacent segments to FIGmd's provider-facing products.
• Phreesia: Phreesia is a patient intake and engagement platform that increasingly touches quality measurement and value-based care workflows. It is a broad healthcare technology incumbent with adjacent rather than direct overlap with FIGmd's quality reporting focus.

Emerging players

• Datavant: Datavant focuses on health data connectivity and de-identification for clinical and real-world data exchange. It intersects with FIGmd's interoperability and clinical data acquisition layer for payers, providers, and life sciences.
• Privia Health: Privia Health is a physician enablement and ACO platform that operates value-based care arrangements and uses analytics for quality reporting. It intersects with FIGmd as both a potential customer and a partial competitor in ACO enablement.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/FigmdI
• YouTubeyoutube.com/channel/UCIr-aolQjzetDHjsoZcysPg
• Facebookfacebook.com/FIGmd
• LinkedInlinkedin.com/company/6425548/admin

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors

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 FIGMD