Asset Manager

Updated:

AdvancedMD

AdvancedMD was founded in South Jordan, Utah, and operates as a software-as-a-service company targeting independent medical practices.

AdvancedMD

AdvancedMD was founded in South Jordan, Utah, and operates as a software-as-a-service company targeting independent medical practices. The firm has not disclosed its ownership structure, wealth origin, or founding principals in publicly available materials; no founding date is confirmed. The firm's platform combines electronic health records, practice management, patient engagement, and revenue cycle management, with AI-enabled tools for ambient documentation, eligibility verification, and claim scrubbing. It serves solo practitioners to large group practices, including billing service companies, across multiple medical specialties. The company cites 9.5 million claims processed monthly and claims a 90-second average support response time with 24/7 live chat. Geographic focus appears limited to the United States based on its emphasis on HIPAA, ONC certification, and MACRA/MIPS compliance. AdvancedMD employs cloud infrastructure hosted on AWS and lists HIPAA support, ONC certification, and MACRA/MIPS readiness as trust markers. The firm reports 13,000 practices as customers and emphasizes a single-platform approach to reduce friction from intake to payment. Recent operational evidence includes ongoing promotion of its ambient AI documentation and automated claim scrubbing features, though specific dated events from the last 24 months are not publicly documented. AdvancedMD's structural differentiator is its focus exclusively on independent practices — not hospital systems or large health networks — which shapes its product development and go-to-market strategy. This niche orientation allows the company to tailor configurable workflows by specialty and target the administrative pain points of smaller clinical operations.

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

South Jordan

Corporate office

South Jordan, UT, United States

Sector focus

Healthcare ServicesEnterprise SoftwareAI/ML

Frequently asked questions

Who owns AdvancedMD?

AdvancedMD's ownership structure is not publicly disclosed. The company operates as a software vendor rather than a traditional asset manager or family office, and no information about its parent company or private equity backers is available from its public-facing materials.

What investment activity does AdvancedMD undertake?

AdvancedMD is not an investment firm. It develops and sells practice management software to independent healthcare providers. The company does not disclose a balance sheet investment portfolio or direct deployment activity.

What does AdvancedMD's software platform include?

AdvancedMD's platform includes electronic health records (EHR), practice management, patient engagement, and revenue cycle management. The company also offers AI-enabled tools for ambient documentation, eligibility verification, claim scrubbing, and coding assistance.

How many customers does AdvancedMD serve?

According to the firm's website, AdvancedMD is trusted by over 13,000 practices. It processes 9.5 million claims per month (Altss estimate derived from the firm's public marketing materials).

Is AdvancedMD focused on a specific healthcare segment?

Yes — AdvancedMD targets independent medical practices of various sizes, from single-provider offices to large group practices and billing service companies. It does not focus on hospital systems or large health networks.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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