# ChartWise Medical Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chartwise-medical-systems

- Industry: Software
- Headquarters: Wakefield, US
- Website: www.chartwisemed.com
- Total disclosed funding: $0.4M
- Latest round: Series B (Dec 17, 2015)
- Investors on record: 1

## About

ChartWise Medical Systems, Inc. specializes in advanced clinical documentation improvement solutions, enhancing healthcare organizations' operational efficiency and revenue capture through innovative software technology.ChartWise Medical Systems, Inc. operates within the healthcare documentation sector, aiming to improve clinical documentation for hospitals and health systems. It was founded in 2009 in Wakefield, US. In June 2021, ChartWise was acquired by Iodine Software LLC, a portfolio company of Silversmith Capital Partners and Bain Capital, to bolster Iodine's clinical predictions across more than 800 hospitals and health systems. The CEO of ChartWise is Jon Elion, who has a background in launching technology-focused healthcare solutions.ChartWise Medical Systems, Inc. offers a robust Clinical Documentation Improvement (CDI) software solution known as the AwareCDI Suite. This system leverages advanced artificial intelligence to streamline documentation workflows and enhance revenue capture within healthcare settings. The AwareCDI Suite utilizes real-time data to identify critical cases, supporting documentation teams in improving clinical records' completeness and accuracy. It serves various healthcare providers, including hospitals and health systems in North America and select international markets, ensuring regulatory compliance and enhancing revenue integrity.ChartWise Medical Systems, Inc. operates on a B2B model, primarily through subscription agreements for its AwareCDI Suite. Contracts are customized based on the specific needs of clients, which include hospitals and healthcare organizations. Additionally, the company provides training and support services, which contribute to a steady revenue stream as clients benefit from ongoing enhancements in clinical documentation and revenue cycle management.Following its acquisition in June 2021, ChartWise Medical Systems, Inc. aims to leverage its integration with Iodine Software to enhance its product offerings and expand its footprint in the healthcare market. The acquisition is set to enable access to over 800 hospitals and health systems, broadening its reach. The focus is on increasing market penetration through the AwareCDI Suite, with plans for future product enhancements and expanded geographical presence.

## Funding rounds

- Series B, Dec 17, 2015, $0.4M — Clayton Associates

## Investors

- Clayton Associates (https://capitalatlas.ai/funds/clayton-associates) — Series B