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PracticeSuite

“Can an independent, cloud-native PM/EHR platform become the AI-powered financial operating system for small and mid-sized ambulatory practices?”

Founded2004
HQTampa, Florida, United States
IndustryVertical SaaS / Healthcare
The story

PracticeSuite has evolved from an all-in-one cloud practice management/EHR/RCM platform for independent physicians into a broader vertical-SaaS operating system for medical practices and billing companies, with embedded patient payments (via Payment Data Systems/USIO) integrated in ~2019, expansion into patient engagement (HelloHealth acquisition, 2021), and a 2025 AI push (RingAI, Scribe.AI) plus the MicroMD acquisition to consolidate the ambulatory PM/EHR market. The embedded finance layer remains narrowly focused on card acceptance and installment plans for patient responsibility — not banking, lending, or issuing.

Last 12 months
2025-01
2025-01
2025
Product timeline
2004
PracticeSuite founded in Silicon Valley as a cloud-based practice management platform· founding
2018
Achieved Stage 3 Meaningful Use certification· certification
2020
Attained SOC 2 Type 1 certification· certification
2021
Acquired HelloHealth to expand patient engagement· acquisition
2022
Received ONC Cures Act EHR certification· certification
2025
Launched AI capabilities (RingAI, Scribe.AI) into cloud platform· product
2025
Acquired MicroMD· acquisition
Acquisitions
MicroMD2025
Ambulatory practice management / EHR software acquired to consolidate the independent-physician software market
HelloHealth2021
Patient engagement platform integrated into PracticeSuite as HelloHealth patient portal
The stack
2 layers disclosed in PracticeSuite’s embedded-finance stack
Payments / PSP
USIO (Payment Data Systems)
Lending
in the full report
Accounting gap: significant
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.