Midwest Cardiovascular Institute

What Midwest Cardiovascular Institute does

Midwest Cardiovascular Institute (MCI) is a physician-led, independent cardiovascular group practice founded in summer 2021 and headquartered in Naperville, Illinois. The practice is owned by 20+ cardiologists and serves patients across the western Chicago suburbs from five outpatient clinics (Naperville, Elmhurst, Hinsdale, Plainfield, Yorkville), with hospital-based interventional capacity at Edward Hospital and Elmhurst Hospital through an affiliation with Endeavor Health. As of 2026, MCI is onboarding an additional ten cardiologists and operates an expanded Elmhurst facility, bringing total physician headcount toward ~30.

MCI delivers a full-stack cardiovascular service line covering general cardiology, interventional procedures (including complex coronary intervention, TAVR, mitral valve repair, left atrial appendage occlusion, and peripheral artery intervention), electrophysiology, structural heart, heart failure, and venous disease. The technology stack is anchored by a 24/7 Virtual Care Center staffed by nurse practitioners, RNs, telemetry technicians, and care navigators, plus a Cardio@Home remote monitoring program covering RPM, Chronic Care Management, and Principal Care Management. Diagnostic services include cardiac PET, coronary CT, echocardiography, and an in-house vascular lab, and the practice runs an active clinical-trials program with MCI physicians serving as principal investigators.

Commercially, MCI operates on a fee-for-service model, billing through commercial insurance (Aetna, Anthem, BCBS, Cigna, Humana, United Healthcare), Medicare Advantage, and Medicaid plans, with most major carriers accepted and HMO plans requiring referrals. Patient acquisition is driven by the practice's website, online self-scheduling via Phreesia, a 24/7 patient portal, primary-care provider referrals, and hospital co-marketing through Endeavor Health. A November 2025 Voice AI partnership with Basata signals emerging investment in automation around patient engagement and care coordination.

Name

Midwest Cardiovascular Institute

Legal name

Midwest Cardiovascular Institute

Website

https://midwestcardio.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

Midwest Cardiovascular Institute is a physician-owned cardiology group practice operating five outpatient clinics across Chicago's western suburbs, delivering comprehensive cardiovascular care including interventional, electrophysiology, structural heart, and remote monitoring services to patients in the greater Chicago area.

Ownership category

akta.pro rank

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Patient Care Services: Fee-for-service healthcare delivery through outpatient clinic visits, diagnostic testing, interventional procedures, and remote monitoring services. Revenue is generated through insurance reimbursements from commercial insurance, Medicare Advantage, and Medicaid plans accepted by the practice.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Midwest Cardiovascular Institute is a physician-owned cardiovascular specialty practice that delivers outpatient and inpatient cardiology care, including diagnostic imaging, interventional procedures, electrophysiology/rhythm management, vascular testing, anticoagulation (warfarin/INR) management, and clinical research trials. Care is delivered across five suburban Chicago clinics and through a Virtual Care Center and Cardio@Home remote-monitoring program, with services billed primarily through major commercial insurance payors.

Product overview

Midwest Cardiovascular Institute (MCI) is a physician-led cardiovascular group practice offering a comprehensive portfolio of cardiovascular care services across multiple locations in suburban Chicago. The organization provides a unified care ecosystem combining in-person clinical services with remote monitoring capabilities. Core services include the Virtual Care Center (VCC) offering 24/7 remote care and telemetry monitoring, and Cardio@Home providing Remote Patient Monitoring (RPM), Chronic Care Management (CCM), and Principal Care Management (PCM). These are supported by diagnostic services (PET imaging, echocardiograms, CT scans, ultrasound), interventional procedures (catheterization lab procedures including TAVR, structural heart interventions), cardiac rhythm management, and cardiovascular research trials. The portfolio integrates remote monitoring with in-clinic care to provide continuous patient connectivity.

Differentiator

Problem solved

Functional benefit

Brands

• Cardio@Home: Remote Patient Monitoring (RPM), Chronic Care Management (CCM) and Principal Care Management (PCM) program allowing patients to stay connected with care teams 24/7 from home.
• Virtual Care Center (VCC)

Products and services

• Virtual Care Center

Quantifiable outcome

• Reduced hospital visits through remote monitoring
• +1 more outcomes

Named customers4 records

Segments6 records

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• BasatacoreTechnology or Integration · 5 November 2025MCI partnered with Basata to modernize cardiac care through Voice AI technology, enhancing patient engagement and care coordination through advanced artificial intelligence solutions.
• Endeavor HealthcoreStrategic or Co-development PartnerMCI is affiliated with Endeavor Health (formerly Edward-Elmhurst Health), collaborating on cardiovascular care delivery. MCI physicians serve at Edward Hospital in Naperville and Elmhurst Hospital, maintaining strong hospital partnerships while remaining physician-owned.
• Edward-Elmhurst Health Center YorkvillecoreStrategic or Co-development PartnerSatellite clinic location within the Edward-Elmhurst Health Center in Yorkville, providing convenient access to cardiovascular services within the health system facilities.
• Edward Outpatient Facility PlainfieldcoreStrategic or Co-development PartnerSatellite clinic location at the Edward Outpatient Facility in Plainfield, delivering cardiovascular care within the Edward Health system network.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Others

• Sharecare: Digital health platform used by MCI for FMLA, disability, and accident claim paperwork. Adjacent ecosystem participant supporting MCI's patient administrative workflows.
• Phreesia: Patient intake, scheduling, and payment platform already integrated into MCI's operations for online appointment booking and billing. Relevant as enabling technology infrastructure peer supporting MCI's digital patient access strategy.

Direct peers

• Cardiovascular Institute of the South: Large independent cardiology group practice offering comprehensive cardiovascular care including interventional, EP, structural heart, and imaging across multiple locations. Comparable to MCI as a physician-owned, multi-location independent cardiology platform with advanced procedural capabilities.
• Cardiology Associates of Michigan: Independent multi-physician cardiology practice offering diagnostic, interventional, and EP services across the Detroit metro area. Comparable to MCI in structure (independent physician-owned group) and service breadth.
• Oklahoma Heart Institute: Physician-led cardiovascular group with broad subspecialty coverage including interventional, EP, imaging, and heart failure across multiple Oklahoma locations. Comparable independent cardiology practice model to MCI.
• Iowa Heart Center: Physician-owned independent cardiology group practice with multiple locations, full cardiovascular service line, and active clinical research program. Similar structural model to MCI in that it is a large independent group maintaining hospital partnerships rather than hospital employment.
• Heart Care Centers of Illinois: Independent multi-specialty cardiology practice serving the Chicago suburbs and northwest Indiana with general cardiology, interventional, EP, and imaging services. Directly comparable in geography, service mix, and independent-physician ownership model to MCI.

Emerging players

• Cardiovascular Associates of America (CVAUSA): Platform company building a national network of independent cardiology practices with shared services, capital, and operational infrastructure. Relevant peer as a potential roll-up partner or competitive model for MCI's independent group strategy.

Broad incumbents

• Bluhm Cardiovascular Institute at Northwestern Medicine: Major academic cardiovascular program at Northwestern Medicine serving the greater Chicago area with full-service cardiovascular care. Competes with MCI in the same geography as a much larger, hospital-employed, academic-aligned cardiovascular service line.
• Advocate Heart Institute: Large, hospital-employed cardiovascular service line within Advocate Health serving Chicago and the Midwest. Direct geographic competitor to MCI but operates as part of a multi-state health system with very different ownership structure and scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/midwestcardio
• Facebookfacebook.com/midwestcardio
• LinkedInlinkedin.com/company/midwest-cardiovascular-institute

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

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 Midwest Cardiovascular Institute