CareWorx Fully Managed

CareWorx Fully Managed is a healthcare IT solutions provider enhancing operational efficiency and patient care through secure cloud hosting and consulting services across various healthcare organizations. Founded in 2003 and headquartered in Ottawa, Canada, CareWorx Fully Managed specializes in managed IT services for healthcare. The company has executed four total deals, with a significant funding round of USD 17. 00 mn raised in March 2018, led by Kayne Anderson Capital Advisors.

The founder's history is not specified, and there are no mentions of subsidiaries or parent companies. CareWorx Fully Managed delivers comprehensive healthcare IT solutions focusing on operational efficiency and patient care improvement. Their offerings include secure cloud hosting for electronic health record (EHR) systems, alongside consulting services that guide healthcare providers in achieving operational efficiency and compliance. The company also provides cybersecurity solutions to protect sensitive data, serving a customer base of diverse healthcare institutions across the United States.

CareWorx Fully Managed generates revenue primarily through a subscription model for its technology solutions and managed IT services. Clients engage in long-term partnerships for support and access to services including practice management and EHR software, cybersecurity, and revenue cycle management. The company’s revenue model is structured to provide tailored support to meet the unique financial and operational needs of healthcare providers. Following the USD 17.

00 mn funding round in March 2018, CareWorx Fully Managed plans to accelerate its growth in the senior care market. The funding will support the expansion of existing managed services and security offerings, as well as finance strategic acquisitions within the managed services, senior care, and ServiceNow ecosystems, aiming for a broader market reach.