Software and Technology

Amphion Medical Solutions

Provider of medical transcription and workflow solutions.

Transaction Overview

  • Amphion Medical Solutions, LLC (“Amphion” or “the Company”) is a Wisconsin-based provider of transcription, coding, and quality measures abstraction to over 200 healthcare systems across the United States. The Company was founded as one of the first “remote-only” coding companies and has established a superior approach to quality and bottom-line performance, which has enabled it to grow and offer broader technology and services across the health information management spectrum.
  • iMedX, Inc. develops medical document management and healthcare information solutions. The company offers healthcare analytics; medical coding, including code auditing, coding for hospitals, and physicians; medical transcription services that include enterprise level transcription solutions, full and partial outsourcing, inpatient and outpatient support, and radiology transcription; transcription disaster recovery; and remote patient monitoring and chronic care management.

Key Observations

  • Amphion’s state-of-the-art transcription and coding technology had garnered it significant industry recognition (in the form of both awards and reputation), which enabled the Company to grow consistently year-over-year.
  • Having achieved its growth goals, the ownership team was seeking liquidity.
Hennepin Partners LLC