LexMed
2026 Arkansas Business of the Year // Innovation Pacesetter Bentonville
When attorney Nick Coleman couldn’t find a technology to streamline Social Security Disability Insurance claims for his clients, he decided to build a better way himself.
That led him to found legal tech software company LexMed in 2022, offering artificial intelligence tools that tackle notoriously complicated Social Security Disability Insurance claims. At the time, Coleman was running his own practice, handling more than 300 of the claims a year.
The platform includes hearing transcriptions with optimized legal terminology, vocational expert auditing that can flag obsolete jobs and testimony errors, and medical chronology services. The company is currently beta-testing its new ChartVision product.
Coleman, a 2011 graduate of the University of Arkansas School of Law, left his practice in early 2025 to focus full time on LexMed, with the company raising $1 million in venture capital last year. LexMed is projected to reach about $850,000 in revenue this year as more products are rolled out.
Previous Honorees
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Arkansas Business of the Year
2026 Arkansas Business of the Year
Nonprofit Organization
Innovation Pacesetter
Category 5 (500+ Employees)
Category 4 (151-499 Employees)
Category 3 (56-150 Employees)
Category 2 (31-55 Employees)
Category 1 (1-30 Employees)
2024 Arkansas Business of the Year
Nonprofit Organization of the Year
Legacy of Leadership
Innovation Pacesetter Award
Category V (500+ Employees)
Category IV (151-499 Employees)
Category III (56-150 Employees)
Category II (31-55 Employees)
Category I (1-30 Employees)
2023 Arkansas Business of the Year
Nonprofit Organization of the Year
Legacy of Leadership
Innovation Pacesetter
Category V (500+ Employees)
Category IV (151-499 Employees)
Category III (56-150 Employees)
Category II (31-55 Employees)
Category I (1-30 Employees)
Business Executive of the Year
2022
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Legacy of Leadership
Category V (500+ Employees)
Category IV (151-499 Employees)
Category III (56-150 Employees)
Category II (31-55 Employees)
Category I (1-30 Employees)
Business Executive of the Year
2021
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Legacy of Leadership
Category IV (151-499 Employees)
Category III (56-150 Employees)
Category II (31-55 Employees)
Category I (1-30 Employees)
Business Executive of the Year
Arkansas Community Foundation Smart Corporate Giving Award
2020
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Legacy of Leadership
Category IV (101-499 Employees)
Category III (56-100 Employees)
Category II (31-55 Employees)
Category I (1-30 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2019
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Legacy of Leadership
Category IV (101-499 Employees)
Category III (56-100 Employees)
Category II (31-55 Employees)
Category I (1-30 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2018
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category IV (101-499 Employees)
Category III (56-100 Employees)
Category II (31-55 Employees)
Category I (1-30 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2017
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2016
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2015
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2014
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2013
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2012
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2010
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2009
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2008
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2007
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2006
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2005
Nonprofit Executive of the Year
Category IV (Nonprofit Organizations)
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2004
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2003
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2002
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2001
Nonprofit Executive of the Year
Category IV (Nonprofit Organizations)
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
Arkansas Community Foundation’s Outstanding Philanthropic Corporations
2000
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
1999
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
1998
Nonprofit Organization of the Year
Nonprofit Executive of the Year
Category III (76-300 Employees)
Category II (26-75 Employees)
Category I (1-25 Employees)
Business Executive of the Year
