Versio

Name

Versio

Legal name

Versio

Website

https://myversio.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

EMS Medical Transcription Services

SIC

Services-Computer Processing & Data Preparation (7374), Services-Health Services (8000)

akta.pro primary industry

Speech Recognition, Dictation & Medical Transcription Platforms (HLACAAAI)

akta.pro secondary industry

Nursing, Clinical Notes & Documentation Workflow Tools (HLACAAAG)

Keywords

• EMS transcription services
• Medical transcription services
• Patient care report documentation
• HIPAA-compliant dictation app
• Healthcare documentation quality assurance

Headquarters

HQ city

Sagle

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. EMS Transcription Services: Transcription services for Emergency Medical Services patient care reports. Charged on a per-character basis (65-character line). Pricing is less than 7/10 of 1% of the chargeable amount for an ALS run for most clients.
2. Medical Transcription Services: Transcription services for healthcare providers including physicians, specialists, and medical practices. Dictation workflow via mobile app or handheld recorders with transcription into EHR programs.
3. General Transcription Services: Business documents, interviews, historical records, seminars, lectures, video recordings, and manuscript proofreading. Pricing calculated per audio minute.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Versio provides specialized EMS transcription and documentation services that combine medical transcription with real-time quality assurance review to produce accurate Patient Care Reports (PCRs). The service is delivered through a HIPAA-compliant mobile dictation app used by medics in the field, with U.S.-based transcriptionists completing the documentation and integrating the output into ePCR/EHR systems. Beyond EMS, the company also offers medical transcription for hospitals/clinics and general transcription for business documents.

Product overview

Versio offers a unified transcription service portfolio with three core offerings: EMS Transcription Services (the primary business), Medical Transcription for healthcare providers, and General Transcription for business/personal use. All services leverage a HIPAA-compliant mobile dictation app and integrate with ePCR/EHR programs. The platform includes a Documentation Improvement Program and First-Pass Documentation QA as quality-enhancement modules. Services are delivered by U.S.-based transcriptionists with options for speech recognition-assisted or 100% human transcription.

Differentiator

Problem solved

Functional benefit

Products and services

• EMS Transcription Services Core service combining medical transcription with real-time QA review for Emergency Medical Services departments, producing Patient Care Reports (PCRs) that are clerically accurate, properly formatted, and meet regulatory requirements. Priced on a 65-character line basis.
• Medical Transcription
• General Transcription Transcription services for business documents, interviews, historical records, memoirs, seminars, lectures, sermons, video recordings, and document proofreading. Performed entirely by U.S.-based English-speaking transcriptionists and priced per audio minute.

Quantifiable outcome

• Saves average of 20 minutes of labor per PCR, equating to 2+ hours per medic per day
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Partnerships

One partnership is on record.

• South Metro Fire RescueflagshipStrategic or Co-development Partner · 1 January 2010Long-standing business partnership since 2010 between Versio and South Metro Fire Rescue (SMFR) in Centennial, Colorado. Versio implemented a tailored DRAATT reporting format and provides live transcription services with upstream quality assurance. SMFR's Clinical Services Director Jodi Peterson has provided testimonials citing dramatic improvement in documentation quality, improved collection rates, and successful Medicare audits.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• Rev: General and specialized transcription services provider with a hybrid human + AI model. Comparable on the general transcription revenue stream and on the human/AI workflow pattern Versio uses in medical.
• Acusis: Medical transcription services company offering EHR-integrated transcription for hospitals and physician practices. Closely comparable as a U.S.-based, technology-enabled medical transcription services peer.
• 3M MModal: Major medical transcription and computer-assisted physician documentation platform. Comparable as a direct competitor in clinical narrative transcription workflows serving hospitals and physician groups.
• TranscribeMe: Transcription services combining AI speech recognition with human review across multiple verticals. Comparable hybrid model and per-unit usage-based pricing structure.
• iMedX: Medical transcription and coding services provider with healthcare facility customers. Comparable business model (services + technology) serving similar hospital and practice segments.
• AQuity Solutions: Medical transcription and clinical documentation improvement services firm. Comparable as a direct competitor in hospital and physician medical transcription with a focus on documentation quality outcomes.

Emerging players

• Suki AI: AI voice assistant for clinicians that generates clinical notes directly into EHRs. Comparable as an AI-driven substitute for medical transcription in physician documentation workflows.
• DeepScribe: AI medical scribe that automates clinical note generation from patient encounters. Comparable target market (clinical documentation) but uses fully-automated AI rather than human transcription, representing a structural competitive threat.
• Abridge: Generative AI medical scribe producing structured clinical documentation from patient-provider conversations. Comparable as an emerging substitute for traditional medical transcription services in clinical settings.

Broad incumbents

• Nuance Communications (Microsoft Dragon Medical): Dominant provider of medical dictation and speech recognition (Dragon Medical One), now part of Microsoft. Directly comparable as a medical transcription/dictation platform competitor with far broader footprint and embedded EHR integrations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/MyVersio
• Facebookfacebook.com/VersioCo
• LinkedInlinkedin.com/company/versio-by-scriberight

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 Versio