Modernizing Medicine Closes First $15M Tranche of Expected $20M Round of Funding

Funding Rounds

Summary

This flexible format, combined with EMA’s touch-screen interface and advanced ICD-10 capabilities, gives providers the freedom they need to focus on their patients with the reassurance that charting plus coding for billing can be completed at the point of care. “Healthcare professionals need tailored technologies that make it easy not only to manage but also benefit from the exploding amounts of patient data,” said Michael Sherling, MD, Modernizing Medicine’s co-founder and chief medical officer. “In a relatively short time, we have developed a solution that does just that, enabling us to capture substantial market share and emerge as a physician-favorite EMR system. Modernizing Medicine® is transforming how healthcare information is created, consumed and utilized in order to increase efficiency and improve outcomes. Today, Modernizing Medicine provides specialty-specific offerings for the dermatology, ophthalmology, orthopedics, otolaryngology, gastroenterology, rheumatology, urology and plastic and cosmetic surgery markets and to more than 1,400 physician practices across the country.

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Amount $15.0M Total raised
Date November 11, 2014 Announcement date
Investors Summit Partners, Pentland Group Lead investors
Company http://www.modmed.com Funded company

Classifications

industries
HealthTech
applications
Call Center Management

AskAI Classifications

Labels
Healthcare IT Electronic Health Record (EHR) Software Medical Practice Management Software

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