AdvancedMD
AdvancedMD is a cloud-based software-as-a-service (SaaS) company that provides practice management, medical billing, and electronic health record (EHR) solutions to independent medical practices in the United States. It is based in South Jordan, Utah. AdvancedMD was acquired by Global Payments in 2018 for $700 million, and in late 2024 it was sold to the private equity firm Francisco Partners for approximately $1.1 billion.[1]
AdvancedMD operates on a subscription-based SaaS model. Its primary clientele includes small to mid-sized independent medical practices, mental health professionals, and third-party medical billing companies. The company competes with EHR vendors such as athenahealth, Kareo, and eClinicalWorks.
As of 2025, AdvancedMD serves over 65,000 healthcare providers across more than 14,000 practices and 900 independent medical billing companies in the United States. The company operates under a subscription-based software-as-a-service (SaaS) model and focuses primarily on independent healthcare practices.[1]
History
[edit]It was founded in 1999 as Perfect Practice.MD, which was later rebranded in 2000 to AdvancedMD.[2]
In 2008, AdvancedMD was acquired by Francisco Partners, a San Francisco-based private equity firm.[3]
In 2010, AdvancedMD introduced the AdvancedBiller billing service partner program for additional billing services support.[4] A year later, AdvancedMD acquired PracticeOne.[5]
In March 2011, AdvancedMD was acquired by ADP and was renamed as ADP AdvancedMD.[6][7]
In 2012, AdvancedMD expanded its revenue cycle management software by acquiring PhyLogic Healthcare RCM. Additionally, Apple iPad App was introduced and the iPad Charge became available for mobile charge capture.[8]
In May 2013, AdvancedMD launched a new website called MyICD-10 to assist medical practices in preparing for the transition to the ICD-10 coding system, which was scheduled to take effect on October 1, 2014.[9]
In 2015, AdvancedMD was acquired by Marlin Equity Partners and began operating as a stand-alone company.[10]
In 2016, AdvancedMD expanded its platform by launching a patient engagement suite (branded “AdvancedPatient”) and introducing a telemedicine capability integrated with its EHR software, allowing physicians to conduct follow-up visits remotely.[11]
In July 2018, AdvancedMD acquired NueMD software with proprietary clearinghouse.[12]
In August 2018, Global Payments announced the acquisition of AdvancedMD from Marlin Equity Partners for $700 million.[10]
In October 2024, Global Payments agreed to sell AdvancedMD to Francisco Partners for $1.125 billion, returning AdvancedMD to ownership by the firm that had first acquired it in 2008.[13] The transaction was completed in December 2024. Following the sale, AdvancedMD’s president, Amanda Sharp, was named Chief Executive Officer in early 2025.[14]
Awards
In 2023, EMR Finder ranked AdvancedMD among the top five EMR systems for large practices.[2] The following year, Forbes Advisor included AdvancedMD in its list of best medical billing software of 2024 and a TechRadar review recognized it as one of the best EHR providers of 2024.[15][16]
Platform
[edit]AdvancedMD's EHR platform is a cloud-based system that enables healthcare providers to access patient records from various locations. The platform includes customizable templates for different medical specialties, allowing for customization at the note and subnote levels. The EHR component features customizable templates for different specialties and a visual task management module called “Task Donuts” to help staff prioritize work. The system supports electronic integrations, including digital faxing and e-prescribing, and provides analytics tools that provide insights into operational efficiency and support Clinical Quality Reporting.[17]
AdvancedMD’s platform unifies various functions needed in a medical practice, including patient scheduling and practice management, clinical documentation (EHR), patient engagement tools, and billing/collections.[1] The integrated billing system includes a one-click payment feature and interfaces with payment processing terminals for collecting copays and fees. The billing software also integrates with credit card processing systems, allowing charges to be automatically posted to a patient's account after a card swipe.[18]
Product and Services
AdvancedMD offers a suite of healthcare software products including:
- AdvancedPM: Practice management software for scheduling, workflow, and revenue cycle management.
- AdvancedEHR: Customizable electronic health records for clinical documentation.
- AdvancedPatient: A patient engagement solution including self-scheduling, reminders, and a patient portal.
- AdvancedTelemedicine: HIPAA-compliant video visit platform integrated into the EHR.
- AdvancedMD Pay: A payment system and terminal for billing and collections.[19]
Key People
Amanda Sharp was appointed Chief Executive Officer of AdvancedMD in early 2025, following the company's acquisition by Francisco Partners.[1]
References
[edit]- ^ a b c d Landi, Heather (2024-11-01). "Francisco Partners plans to buy AdvancedMD for $1.1B". fiercehealthcare.com. Retrieved 2025-05-13.
- ^ a b Anderson, Kelly (2023-04-06). "TOP 5 EMR Systems for Large Practices 2023 | EMRFinder Blog". Retrieved 2025-05-13.
- ^ "Francisco acquires AdvancedMD, names new CEO | Modern Healthcare".
- ^ "AdvancedMD launches new billing partner channel program". Healthcare Finance News.
- ^ "AdvancedMD Buys EHR Provider PracticeOne". Healthcare Innovation. June 24, 2011.
- ^ https://slenterprise.com/images/pdf/189V_2_6_12.pdf
- ^ "ADP acquires AdvancedMD | Modern Healthcare".
- ^ "Doctors on the go are using the iPad for charge capture". MobiHealthNews. December 10, 2012.
- ^ Mag, H. M. T. (July 25, 2013). "Industry Watch August 2013". Healthcare Innovation.
- ^ a b Haithman, Diane (January 24, 2019). "Marlin's $700M Health IT Deal Sets Stage".
- ^ Gooch, Kelly (2016-05-13). "AdvancedMD launches new solutions for OBGYNs: 4 things to know". Becker's Hospital Review | Healthcare News & Analysis. Retrieved 2025-05-13.
- ^ "AdvancedMD completes acquisition of NueMD: 4 things to know". www.beckersasc.com. July 9, 2018.
- ^ "Global Payments sharpens core focus with $1.1 bln medical software unit sale | Reuters".
{{cite web}}: CS1 maint: url-status (link) - ^ "AdvancedMD names Sharp new CEO". Salt Lake Business Journal. 2025-03-29. Retrieved 2025-05-13.
- ^ Leonard, Kimberlee (2022-03-23). "Best Medical Billing Software". Forbes Advisor. Retrieved 2025-05-13.
- ^ updated, Brian Turner Contributions from Jonas P. DeMuro last (2022-10-19). "Best Electronic Health Records software of 2025". TechRadar. Retrieved 2025-05-13.
- ^ Jonas P. DeMuro (March 8, 2023). "AdvancedMD EHR Review: Pros & Cons, Features, Ratings, Pricing and more". TechRadar.
- ^ updated, Jonas P. DeMuro last (January 15, 2020). "AdvancedMD Medical Billing review". TechRadar.
- ^ updated, Jonas P. DeMuro last (2020-01-15). "AdvancedMD Medical Billing review". TechRadar. Retrieved 2025-05-15.