What Medical Risk Institute does

Medical Risk Institute (MRI) is a private, founder-led consulting firm headquartered in Terre Haute, Indiana that provides compliance and risk management services to U.S. medical practices, with a focus on surgical and medical specialists. The company sells three core packaged offerings: The Compliance Plan Package (coding and billing compliance plan development, priced $2,250–$2,750 for 1–4 provider groups), The HIPAA Package (security/privacy risk evaluation, policy customization, attorney consultation, and staff training, starting at $2,685 for 1–4 providers), and MRI On Demand (a subscription-style monthly service bundling a Remote Compliance Officer, social media services, and contract/policy review, plus hourly rate work). Customers are primarily small and mid-market specialty practices (orthopaedics, aesthetic/plastic surgery, dermatology, ophthalmology, neurosurgery), and the only named individual is founder/CEO Michael J. Sacopulos, JD, whose personal brand and speaking circuit (AAOS, AANS, ASAPS, MGMA, etc.) are the principal demand-generation engine.

The underlying technology is a lightweight online training and membership platform delivering on-demand courses, webinars, downloadable compliance calendars, and gated member content. MRI supplements packages with a small library of individually sold webinars (AmSpa HIPAA Certification, Marketing to Patients, Medicare Opt-Out, aesthetician employee departure) and authored content including the book 'Tweets, Likes, and Liabilities.' The firm's strategic positioning rests on founder expertise (nationally recognized, 20+ years, multiple Best Lawyers / Super Lawyers / MGMA recognitions) and a flat-fee, packaged-deliverable orientation that competes against fractional-general-counsel alternatives for small specialty practices.

Commercially, MRI blends one-time package revenue with a recurring monthly subscription tier (MRI On Demand), supplemented by hourly advisory work. There are no funding rounds, no identified institutional investors, no parent company, and no disclosed headcount; the firm operates as an independent, founder-owned entity. The primary risk factors visible in the source material are key-person dependence on the founder and a digital footprint that does not meaningfully extend past 2019, which together constrain any inference of sustained growth momentum.

Name

Medical Risk Institute

Legal name

Medical Risk Institute

Website

https://medriskinstitute.com

Company type

Private

Operating status

Operating

Short description

Medical Risk Institute is a Terre Haute, Indiana-based consulting firm that sells packaged compliance, HIPAA, and risk management services to small and mid-market U.S. medical specialty practices, primarily through founder Michael J. Sacopulos's direct engagement and subscription-based offerings.

Ownership category

akta.pro rank

Product category

Healthcare Compliance and Risk Management Services

NAICS

Legal Services (5411), Professional, Scientific, and Technical Services (54)

SIC

Services-Legal Services (8111)

akta.pro primary industry

Medical Billing, Coding & Revenue Cycle (EDAOAJAE)

akta.pro secondary industry

Inspection Readiness & Regulatory Authority Support (FDA/EMA/MHRA) (HLAGAKAF)

Keywords

• Medical risk management
• HIPAA compliance training
• Healthcare compliance consulting
• Medical liability advisory
• Coding billing compliance

Headquarters

HQ city

Terre Haute

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Remote Compliance Officer Services: Monthly subscription service providing a qualified attorney to oversee all practice compliance needs including policies, training, and ongoing documentation for a flat monthly fee.
2. HIPAA Package: One-time compliance package including security and privacy risk evaluation, technology assessment, policy review, attorney consultation, and staff training. Starting at $2,685 for 1-4 providers.
3. Compliance Plan Package: Coding and billing compliance plan development including customized documents, E/M coding analysis, training, legal guidance, and phone support. Price ranges from $2,250-$2,750 for 1-4 providers.
4. Hourly Rate Services: Legal and consulting services billed at hourly rates for contract review, policy review, and liability claim review.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels6 records

Core offering

Medical Risk Institute provides packaged compliance and liability risk management solutions for U.S. medical practices, led by attorney Michael J. Sacopulos. Core offerings include The Compliance Plan Package (coding/billing compliance), The HIPAA Package (HIPAA compliance), and MRI On Demand (subscription-based Remote Compliance Officer, social media, and contract review), supplemented by on-demand training courses and educational resources. Services are delivered through attorney-led consulting, online training platform access, and on-site practice visits.

Product overview

Medical Risk Institute (MRI) offers a suite of compliance and risk management solutions for medical practices, organized as three core packaged products plus supplementary training and resources. The flagship offerings are The Compliance Plan Package (coding and billing compliance at $2,250-$2,750 for 1-4 providers) and The HIPAA Package (full HIPAA compliance at $2,685 for 1-4 providers), both delivered as flat-fee solutions including policies, training, and attorney support. MRI On Demand provides subscription-style monthly access to Remote Compliance Officer services, Social Media Services, and Contract Review. These core packages are supplemented by individual webinar training products (AmSpa On-Demand HIPAA Education, Marketing to Patients, Opting Out of Medicare), an EMR Program, educational videos, downloadable Compliance Calendars, and published resources including the book 'Tweets, Likes, and Liabilities.'

Differentiator

Problem solved

Functional benefit

Brands

• MRI On Demand: Subscription-style and hourly rate legal services including Remote Compliance Officer, social media services, and contract/policy review.
• The Compliance Plan Package
• The HIPAA Package

Products and services

• The Compliance Plan Package Coding and billing compliance plan development for medical practices, including E/M code pattern analysis, customized forms and policies, internal audit guidance, staff training, business associate agreements, and telephone hotline access. Priced $2,250-$2,750 for groups of 1-4 providers.
• The HIPAA Package Comprehensive HIPAA compliance package including security and privacy risk evaluation, independent technology assessment, policy customization, attorney phone consultation, hotline access, on-demand staff training, and 12 months of HIPAA alerts. Starting at $2,685 for groups of 1-4 providers.
• MRI On Demand Subscription-style monthly services including Remote Compliance Officer (risk analysis, policy review, website assessment, monthly meetings, staff training), Social Media Services, and Contract and Policy Review. Hourly rate services also available.
• AmSpa On-Demand HIPAA Education and Certification Self-paced online HIPAA training course led by healthcare attorney covering breach anatomy, prevention, economics of HIPAA, and business associate vetting, with quiz and participant certificate.
• Marketing to Patients: How to Keep It Legal Two 30-minute webinars covering legal aspects of medical marketing including testimonials, FTC guidelines, before/after photographs, website risks, social media, and platforms like Groupon and Facebook.
• When Your Aesthetician Declares Free Agency: Preventing Former Employees from Stealing Your Patients 45-minute webinar addressing legal implications when aesthetician employees leave and potentially recruit former patients, including template documents for advising employees of legal obligations.
• Everything You Need to Know About Opting Out of Medicare 45-minute webinar providing facts and tools for physicians considering Medicare opt-out decisions, covering state data, staff preparation, and Medicare disclosure guidelines.
• Electronic Medical Records Program EMR liability risk management program including techniques and strategies for identifying issues, staff training, and ongoing monitoring to help practices avoid liability risks and fulfill compliance requirements.

Quantifiable outcome

• Reduce coding and billing audit risk through comprehensive compliance plan development
• +2 more outcomes

Named customers1 record

Segments6 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Sciemus (Lloyd's of London)coreStrategic or Co-development PartnerIn 2017, Michael Sacopulos was named National Counsel for Sciemus, a Lloyd's of London firm, for its SafeHealth policy - the first cyber insurance product designed exclusively for the healthcare industry. This represents a strategic partnership providing expert legal counsel for cyber insurance offerings.
• Medical Justice Services, Inc.coreStrategic or Co-development PartnerFor the past decade, Michael Sacopulos has served as General Counsel for Medical Justice Services, Inc., a national organization offering services and methods to protect physicians' practices and reputations.
• SoundPractice PodcastminorStrategic or Co-development PartnerIn 2018, Michael Sacopulos became co-host of the SoundPractice podcast, expanding reach and thought leadership in medical practice management.
• Aesthetic Stem Cell SocietyminorStrategic or Co-development PartnerMichael Sacopulos serves as executive vice-president of the Aesthetic Stem Cell Society, demonstrating industry leadership and collaboration.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Total Medical Compliance: Provides HIPAA, OSHA, and compliance training packaged for medical and dental practices. Closely comparable to MRI in target buyer (small-to-mid medical practices), product type (flat-fee compliance packages and on-demand training), and specialty focus.
• HIPAA Secure Now: Delivers HIPAA training, risk assessments, and ongoing compliance officer services to healthcare providers. Directly comparable to MRI's HIPAA Package and Remote Compliance Officer subscription, with overlapping go-to-market into small/mid practices.
• Compliancy Group: Sells HIPAA compliance software and packaged programs (The Guard) to medical practices and business associates. Directly competes with MRI's HIPAA Package on flat-fee compliance delivery, with a more software-led approach.
• DoctorsManagement: Healthcare consulting and managed services firm offering compliance, coding, and revenue cycle support to medical practices. Directly comparable to MRI's Compliance Plan Package and broader advisory model for medical groups.
• MedTrainer: Healthcare compliance training and management platform covering HIPAA, OSHA, and HR. Competes with MRI's on-demand training and MRI On Demand compliance officer subscription via a more scalable software platform.
• ProviderTrust: Healthcare compliance SaaS focused on credentialing, exclusion monitoring, and workforce compliance. Adjacent-direct competitor to MRI's compliance advisory services, particularly for ongoing monitoring use cases MRI addresses via its EMR Program.
• Healthcare Compliance Associates: Consulting firm delivering HIPAA/HITECH compliance, risk assessments, and training to healthcare providers. Directly comparable services and buyer profile to MRI, with similar packaged engagement model.

Broad incumbents

• Symplr: Large healthcare governance, risk, and compliance (GRC) platform serving hospitals and large provider organizations. A broad incumbent whose compliance and policy management capabilities overlap with MRI's HIPAA and compliance plan offerings at enterprise scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/friends_likes

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

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 Medical Risk Institute