SourceMedical

About SourceMedical

SourceMedical, also known as SourceMed, was established in 2001 and operated as a key provider of technology solutions for outpatient healthcare facilities. The company focused on developing and delivering end-to-end systems and services tailored for Ambulatory Surgery Centers (ASCs), specialty hospitals, and rehabilitation clinics. Its primary clients were these outpatient facilities, for which it provided solutions to enhance operational efficiency, ensure compliance, and improve financial performance.

The core of SourceMedical's business was its suite of software products, including AdvantX, Vision, and SurgiSource, which functioned as ASC business and clinical management software. These systems enabled healthcare providers to effectively capture, share, and analyze data. This data-driven approach allowed facilities to optimize revenue cycles, streamline operations, and adhere to regulatory requirements. In addition to its software offerings, the company provided revenue cycle management services and advisory services, creating a comprehensive support structure for its clients.

Throughout its history, SourceMedical grew through strategic acquisitions, including Surgicenter Information Systems in 2001 and both HealthIS and MedEView in 2002. The company received backing from private equity firms such as ABRY Partners and ABS Capital Partners. In a significant leadership change in December 2014, Dr. Otto Indah Coffin joined as CEO, followed by Kareem Saad as Executive Vice President of Strategy and Business Development, initiating a period of transformation and rebranding from SourceMedical to SourceMed. A major milestone in the company's journey occurred in April 2017, when it was acquired by Surgical Information Systems (SIS), a prominent provider of perioperative information systems. This acquisition integrated SourceMed's specialized ASC solutions into SIS's broader product suite, creating a combined entity serving nearly 3,000 hospitals and ASCs.