Financials

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Revenues, earnings & profits over time
USD2017
Revenues11.0m
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DateInvestorsAmountRound
-

N/A

-

N/A

Series A

N/A

Acquisition
Total Funding-

Recent News about VitalWare

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Vitalware is a leading provider of mid-revenue cycle solutions for the healthcare industry, specializing in chargemaster management and revenue integrity. The company primarily serves hospitals, clinics, and health systems, helping them maintain accurate and up-to-date billing and coding practices. This ensures that healthcare providers can maximize their revenue while staying compliant with regulatory requirements.

Vitalware operates in the healthcare technology market, offering a comprehensive suite of products designed to provide full visibility and continuity in chargemaster management, documentation, charge capture, and regulatory code references. The company's solutions are used by over 1,200 hospitals, and its partner applications process around 700 million claims annually. This extensive usage underscores the reliability and effectiveness of Vitalware's offerings.

The business model of Vitalware revolves around providing software solutions and professional services. The company makes money by selling subscriptions to its software, which includes access to real-time updates from over 100 reference libraries. These libraries are meticulously maintained to ensure accuracy and compliance. Additionally, Vitalware offers professional services such as coding guidance, process improvement, education, and financial compliance support. These services help healthcare providers optimize their revenue cycle processes and avoid reimbursement issues.

Vitalware's success is highlighted by its ranking as the number one provider in KLAS Hospital Revenue Cycle Chargemaster Management for both 2019 and 2020. This recognition reflects the company's commitment to delivering high-quality, reliable solutions that meet the evolving needs of the healthcare industry.

In summary, Vitalware is a key player in the healthcare technology market, providing essential mid-revenue cycle solutions that help healthcare providers manage their revenue integrity efficiently and compliantly.

Keywords: healthcare technology, revenue cycle, chargemaster management, compliance, hospitals, clinics, software solutions, coding guidance, financial compliance, regulatory updates.

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