M*Modal
M*Modal is a cloud-based clinical documentation company offering AI-powered speech recognition, ambient documentation, CDI, and medical coding solutions. It serves U.S. hospitals, clinicians, and revenue cycle teams, with deployment across 75% of U.S. hospitals and 250+ EHR integrations, now operating within Solventum.
- Company typePrivate
- Founded2001
- HeadquartersFranklin, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingSoftware
What M*Modal does
M*Modal is a cloud-based clinical documentation company specializing in speech recognition, medical transcription, clinical documentation integrity (CDI), and medical coding for the U.S. healthcare market. Its core products include AI-powered ambient documentation and speech recognition, CDI solutions for documentation accuracy and compliance, automated coding, and population health analytics — supported by the Solventum Cloud Platform and Solventum 360 Encompass System. The technology stack combines real-time speech recognition, natural language processing, generative AI, and predictive analytics to convert clinician–patient interactions into structured, compliant documentation that feeds downstream coding and revenue cycle workflows.
Historically founded in 2001 and previously listed on NASDAQ under the ticker MEDH, M*Modal was acquired by 3M and folded into the 3M Health Care Health Information Systems division; in 2024, that division was rebranded and spun off as Solventum, an independent publicly traded entity. The business serves an enterprise B2B customer base spanning clinicians, hospital revenue cycle teams, payers, federal health agencies, and C-suite healthcare executives, with solutions deployed across 75% of U.S. hospitals and integrated with 250+ EHR systems. Revenue is generated through subscription-based healthcare IT solutions sold primarily via direct enterprise sales motions targeting large hospital systems, supplemented by consulting and outsourced coding/CDI services.
M*Modal firmographics
Firmographics- Name
- M*Modal
- Legal name
- M*Modal
- Website
- https://mmodal.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- M*Modal is a cloud-based clinical documentation company offering AI-powered speech recognition, ambient documentation, CDI, and medical coding solutions. It serves U.S. hospitals, clinicians, and revenue cycle teams, with deployment across 75% of U.S. hospitals and 250+ EHR integrations, now operating within Solventum.
- Ownership category
- akta.pro rank
M*Modal industry classification
Industry- Product category
- Clinical Documentation Software
- NAICS
- Health Care and Social Assistance (62), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Services-Prepackaged Software (7372), Services-Health Services (8000)
- akta.pro primary industry
- Speech Recognition, Dictation & Medical Transcription Platforms (HLACAAAI)
- akta.pro secondary industries
- Clinical Coding Support (ICD/CPT/SNOMED) & Documentation Compliance Tools (HLACAAAO), Ambulatory & Physician Practice EHRs (HLACAAAB)
Keywords
Where M*Modal is headquartered
LocationHeadquarters
- HQ city
- Franklin
- HQ country
- United States
- HQ region
- North America
Markets served
M*Modal business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Healthcare IT Solutions: Software and technology solutions for clinical documentation, coding, and healthcare information management sold to healthcare provider organizations
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
M*Modal product offering
Product offeringCore offering
M*Modal provides cloud-based clinical documentation solutions for healthcare providers, offering AI-powered ambient speech recognition, clinical documentation integrity (CDI), automated medical coding, and population health analytics. The software integrates with 250+ electronic health record (EHR) systems and is used by clinicians, coding teams, and revenue cycle departments across hospital systems, deployed in roughly 75% of U.S. hospitals.
Product overview
Solventum (formerly 3M Health Care) offers a unified platform-plus-modules portfolio of healthcare information technology solutions. The core offerings include Ambient Documentation and Speech Recognition (AI-powered speech-to-text capturing patient interactions), Clinical Documentation Integrity (CDI) for accuracy and compliance, Coding automation, and Population Health Analytics. These are complemented by Consulting/Outsourced Services and supported by the Solventum Cloud Platform and Solventum 360 Encompass System. The solutions integrate with 250+ EHR systems and are designed to close the loop between clinical care and revenue integrity.
Differentiator
Problem solved
Functional benefit
Brands
- Solventum 360 Encompass System: Platform for clinical documentation and health information management
- Solventum Cloud Platform
Products and services
- Ambient Documentation and Speech Recognition AI-powered real-time speech recognition solution that captures and documents patient interactions during clinical encounters, allowing clinicians to focus on patients rather than paperwork; offered to clinicians at large hospital systems.
- Clinical Documentation Integrity (CDI) AI-powered solution providing real-time support to ensure accuracy, completeness, and compliance of clinical documentation throughout the healthcare workflow; aimed at HIM/CDI and revenue cycle teams.
- Coding Automation solutions for medical coding built on decades of compliance expertise, streamlining caseload management to allow teams to focus on high-priority cases; sold to hospital coding and revenue cycle teams.
- Population Health Analytics and Grouping Data analytics solution that helps improve care quality, cut costs, and manage patient populations effectively while navigating CMS requirements, risk adjustments, and value-based incentives; sold to provider organizations and program administrators.
- Consulting and Outsourced Services Expert services including outsourced coding, CDI optimization, training, workflows, and analytics to transform revenue cycle and boost performance; sold alongside the software to provider organizations.
Quantifiable outcome
- Generative AI solutions reduce administrative burden on physicians
- +2 more outcomes
Companies that use M*Modal
Customer profileSegments5 records
Ideal customer profiles2 records
M*Modal technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability8 records
Feature5 records
M*Modal partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- EpiccoreEpic is a major EHR vendor with which Solventum's speech understanding solutions are compatible. The company reports compatibility with 250+ EHR systems including Epic.
Scale indicators6 records
Recent moves5 records
Expansion highlights5 records
M*Modal competitors and assessment
Company assessmentDirect peers
- DeepScribe: DeepScribe is an AI medical-scribe platform that automates clinical note generation, overlapping directly with M*Modal's ambient-documentation and coding-adjacent workflows.
- Abridge: Abridge is an AI-native medical-scribe vendor competing head-to-head with M*Modal on ambient clinical documentation and downstream coding/billing workflows inside large U.S. health systems.
- Augmedix (Commure): Augmedix provides AI-powered ambient medical documentation and scribing services to health systems, competing in the same ambient-AI documentation category where M*Modal operates.
- Suki: Suki offers an AI voice assistant ('Suki Assistant') for clinical documentation, directly competing with M*Modal's ambient speech-recognition solution for physicians and ambulatory practices.
- Nuance Communications (Microsoft): Nuance's Dragon Medical One and DAX Copilot are the most direct competitors to M*Modal's ambient documentation and speech-recognition offerings for clinicians, now backed by Microsoft's AI distribution and Azure infrastructure.
- Iodine Software: Iodine Software focuses on AI-driven CDI and mid-revenue cycle solutions, directly competing with M*Modal's CDI module for the same hospital customer base.
- Streamline Health Solutions: Streamline Health sells coding, CDI, and RCM analytics software to hospitals, overlapping with M*Modal's coding automation and documentation-integrity offerings.
Broad incumbents
- Optum (UnitedHealth Group): Optum's healthcare-IT and RCM portfolio (including ambient AI capabilities) targets the same hospital documentation, coding, and revenue-cycle workflows that M*Modal serves at enterprise scale.
- Epic Systems: Epic is both a Core strategic partner to M*Modal and a potential competitive incumbent as Epic expands native ambient-AI documentation inside its EHR, addressing the same clinician pain points M*Modal targets.
- 3M Health Information Systems (now part of Solventum): Solventum's Health Information Systems division (into which M*Modal was integrated) competes broadly with M*Modal in CDI, coding, and population health, while M*Modal focuses on the speech/ambient documentation layer.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
M*Modal social profiles
Digital presenceM*Modal financial estimates
Financial estimateRevenue estimate
Valuation estimate
M*Modal leadership team
Management profileNumber of profiles
Profiles1 record
M*Modal funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
M*Modal M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about M*Modal
What does M*Modal do?
M*Modal provides cloud-based clinical documentation solutions for healthcare providers, offering AI-powered ambient speech recognition, clinical documentation integrity (CDI), automated medical coding, and population health analytics. The software integrates with 250+ electronic health record (EHR) systems and is used by clinicians, coding teams, and revenue cycle departments across hospital systems, deployed in roughly 75% of U.S. hospitals.
Is M*Modal a public or private company?
M*Modal is a private company. It is classified as corporate owned and is currently operating.
When was M*Modal founded?
M*Modal was founded in 2001. It employs 5,001 to 10,000 people.
Where is M*Modal based?
M*Modal is headquartered in Franklin, United States, in the North America region.
How does M*Modal make money?
One revenue line is on record: healthcare IT Solutions.
Who are M*Modal's main competitors?
Direct peers on record are DeepScribe, Abridge, Augmedix (Commure), Suki, Nuance Communications (Microsoft), Iodine Software and Streamline Health Solutions. Broad incumbents are Optum (UnitedHealth Group), Epic Systems and 3M Health Information Systems (now part of Solventum).
Does M*Modal have an API?
No public API is recorded for M*Modal.
What industry is M*Modal in?
M*Modal's product category is Clinical Documentation Software. Its primary akta.pro industry code is HLACAAAI, Speech Recognition, Dictation & Medical Transcription Platforms, with a secondary code of HLACAAAO, Clinical Coding Support (ICD/CPT/SNOMED) & Documentation Compliance Tools. Its NAICS code is 62 and its SIC code is 7372.