PowerMed

What PowerMed does

PowerMed Corporation is a privately held medical practice management software vendor headquartered in Portland, Maine, with roots in healthcare IT dating to the early 1990s. Its flagship Practice Suite is a natively integrated platform combining electronic medical records (EMR), billing, and scheduling in a single code base rather than bridged separate products, and is offered across 16 specialty modules including Allergy, Cardiology, Dermatology, ENT, Family Practice, Gastroenterology, OB/Gyn, Ophthalmology, Orthopedics, Pediatrics, Psychiatry, Surgery, and Urology. A notable technical differentiator is native support for both Macintosh and Windows operating systems, including mixed-OS office environments, complemented by an iPhone sync client, iPad remote access via VNC and LogMeIn, a cloud-hosted Patient Portal, and QuickBridge bidirectional HL7 integration.

Revenue is generated through a mix of one-time software licenses for Practice Suite (starting at $15,000 inclusive of server and training) and PowerMed SOLO ($499 single-user perpetual), recurring support and update subscriptions starting at $249/month, full-service billing engagements, practice consulting through PowerMed Practice Advisors, online server backup and virtual network drive subscriptions under Net Services, and channel licensing royalties through the Strategic Relationship Program (SRP). The company sells primarily through a consultative direct-sales motion with online presentations run by clinical specialists, supplemented by an SRP channel that lets medical billing companies rebrand and resell the platform. Customer mix spans multi-physician and solo medical practices, specialty clinics, chiropractors/podiatrists/therapists, and college student health centers, served both in the US and internationally. The platform holds CCHIT Certified EMR status and is led by CEO Dr. William Zelman, who also serves as a public-facing speaker on HIT and ARRA/HITECH topics.

Name

PowerMed

Legal name

PowerMed Corporation

Website

https://powermed.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Short description

PowerMed Corporation provides natively integrated EMR, billing, and scheduling software (Practice Suite) plus a single-user SOLO edition for small medical practices across 16 specialties, serving multi-physician and solo US and international practices via direct sales and the SRP channel program.

Ownership category

akta.pro rank

Headquarters

HQ city

Portland

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, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Licenses: One-time software license sales for Practice Suite and PowerMed SOLO, including server hardware with Practice Suite
2. Support and Update Subscriptions: Annual subscription providing installation help, implementation support, updates, and technical assistance. Optional after first year with per-call support alternative
3. Billing Services: Full-service medical billing solution ranging from short 6-month assignments to long-term billing partnerships
4. Practice Consulting: Expert practice consulting services covering technology implementation, staffing, and billing oversight
5. Net Services: Online server backup (OSB) and virtual network drive (VND) services for IT infrastructure
6. Strategic Relationship Program Licensing: Revenue from channel partners licensing and rebranding Practice Suite through SRP

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

PowerMed develops and sells Practice Suite, a natively integrated electronic medical records (EMR), billing, and scheduling software platform for medical practices of all sizes. The company also offers PowerMed SOLO, a single-user version of the same suite for solo practitioners, along with supporting services such as medical billing, practice consulting, and IT infrastructure (online backup and virtual network drive), plus a Strategic Relationship Program enabling channel partners to license and rebrand the software.

Product overview

PowerMed offers a platform-plus-modules architecture centered on two core products: Practice Suite (enterprise multi-user EMR for small and large practices) and PowerMed SOLO (single-user version for solo practitioners). Both include natively integrated EMR, Billing, and Scheduling functionality along with specialty modules covering Allergy, Cardiology, Dermatology, ENT, Family Practice, Gastroenterology, Medicine, OB/Gyn, Ophthalmology, Orthopedics, OMT, Pediatrics, Psychiatry, Pulmonology, Surgery, and Urology. The platform supports Windows and Macintosh operating systems and includes supporting services such as billing services, practice consulting, IT services (online backup and virtual network drive), and cloud-based patient portal. Additional offerings include QuickBridge integration technology for HL7 connectivity.

Differentiator

Problem solved

Functional benefit

Brands

• Practice Suite: Flagship product combining natively integrated EMR, Billing, and Scheduling for small and large medical practices.
• PowerMed SOLO
• PowerMed Billing
• PowerMed Patient Portal
• PowerMed SRP
• PowerMed Practice Advisors
• PowerMed Net Services

Products and services

• Practice Suite Flagship EMR software combining natively integrated EMR, Billing, and Scheduling in one platform for Windows and Macintosh operating systems. Designed for small and large medical practices with 16 specialty modules available.
• PowerMed SOLO Single-user version of Practice Suite with full EMR, Scheduling, and Practice Management functionality. Designed for solo physicians, concierge practices, chiropractors, podiatrists, therapists, and small college student health centers. Runs on Mac OSX through 10.6 and Windows 2000-7 and can run from a USB thumb drive.
• Patient Portal Cloud-hosted, secure, bidirectional patient portal supporting patient registration, medical history entry, and online patient statements and payments directly on the portal.
• PowerMed iPhone Application iPhone application syncing patient data including inpatient lists, ToDo lists, flagged patients, OB patients, and the referring library between Practice Suite and iPhone.
• PowerMed Billing Services Complete medical billing service offering full-service billing solution from short 6-month assignments to long-term billing partnerships. Includes the PowerMed Billing software option.
• PowerMed Practice Advisors Expert practice consulting covering technology implementation, staffing and billing oversight, and tailored solutions for practitioners seeking professional business management guidance.
• PowerMed Net Services IT services including PowerMed OSB (online server backup) for automated encrypted off-site backup and PowerMed VND (virtual network drive) for secure web-based file sharing across offices.
• PowerMed Strategic Relationship Program (SRP) Partner program enabling medical billing and related service/technology companies to license, rebrand, and resell PowerMed Practice Suite (integrated EMR or Billing module) to their clients, with training and support handled by the EMR Learning Center.

Quantifiable outcome

• EMR implementation failure rates reported in industry are 30% and higher; such failures are extraordinarily rare at PowerMed

Named customers1 record

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature11 records

Partnerships

Three partnerships are on record, tiered core.

• DrFirstcoreTechnology or Integration · 1 February 2011DrFirst selected as PowerMed's eRx (electronic prescribing) solution provider. DrFirst is the leading provider of eRx products to physicians with a track record of innovation, success, and customer satisfaction.
• ApexEDIcoreTechnology or Integration · 1 January 2011ApexEDI is PowerMed's preferred eClaims vendor. Apex developed a Mac version of their onetouch product specifically for PowerMed's Macintosh users. Offers best pricing with fully integrated eStatements and online claim correction.
• EMR Learning CentercoreImplementation/ SI/ Consulting PartnerThird-party training and support partner for PowerMed SRP and SOLO. Provides webinar scheduled presentations, training and support. Has some of the best presenters, trainers and training systems in the business.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Tebra (Kareo): Cloud-based practice management, EHR, and medical billing platform built for independent practices. Closely comparable to PowerMed in targeting small and solo practices needing integrated EMR and billing, but delivered as a cloud subscription.
• Practice Fusion: Cloud-based EHR for small independent practices with integrated e-prescribing and billing. Comparable to PowerMed in targeting solo and small practices needing affordable, integrated EMR and practice management.
• Amazing Charts: Long-standing on-premise EHR for small and solo physician practices, often cited in the same independent-practice segment as PowerMed. Comparable in delivering affordable, integrated EMR with billing for independent ambulatory providers.
• CureMD: Integrated EHR, practice management, and medical billing platform for small and mid-sized practices with specialty-specific templates. Comparable to PowerMed in delivering an all-in-one EMR/billing/scheduling solution with specialty coverage.
• DrChrono: EHR, practice management, and medical billing platform with strong mobile/iPad-first design and Apple-partnered roots. Highly comparable to PowerMed's Mac-friendly, iPhone/iPad-integrated approach for ambulatory practices.

Broad incumbents

• athenahealth: Large cloud-based EHR and practice management vendor serving ambulatory practices of all sizes. Comparable to PowerMed as a competitor for small/mid physician practices needing integrated EMR, billing and scheduling, but at vastly greater scale.
• Greenway Health: EHR and practice management vendor focused on ambulatory practices including specialty groups. Comparable as a competitor for integrated EMR, billing and scheduling sales to small and mid-sized practices.
• eClinicalWorks: Major ambulatory EHR and practice management vendor serving small and large physician practices. Comparable as a direct competitor in the integrated EMR/billing/scheduling category, though with a much broader footprint and feature set than PowerMed.
• NextGen Healthcare: Ambulatory EHR and practice management vendor serving small to mid-sized specialty and primary care practices. Comparable in delivering integrated EMR and billing workflows, including specialty-specific templates similar to PowerMed's 16 specialty modules.
• Epic Systems: Dominant enterprise EHR vendor increasingly expanding into mid-sized and specialty ambulatory practices. Comparable in delivering integrated EMR, billing and scheduling, but at the opposite end of the scale spectrum from PowerMed.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/powermed-corporation

Compliance1 record

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 PowerMed