ModMed.com (Modernizing Medicine), a Boca Raton, Fla.-based electronic medical records startup, is putting some fresh funding in its coffers. On Tuesday, the company said it had closed a $14 million Series C round from Summit Partners, bringing its total amount raised to $29 million.
Like several companies – from older giants like Epic, Cerner and McKesson to newer startups like Practice Fusion, CareCloud and ElationEMR – Modernizing Medicine provides doctors with software to collect, store and use patient health information. But the company, which launched in 2010, takes a vertical-specific approach, providing distinct software to doctors in fields like dermatology, ophthalmology and orthopedics.
By focusing on verticals, CEO and president Dan Cane, who was previously co-founder of education software company Blackboard, said, the startup is able to collect structured data on patient symptoms, diagnoses and treatment and then help doctors see how peers are treating patients with similar conditions and identify the pathways to the best outcomes.
With the new funding, the company plans to expand into additional verticals, including gastroenterology and rheumatology, as well as hire more statisticians and researchers to expand its data-driven services.
Via: GigaOm
Image Credit: Army Medicine
The internet user base in India is set to surpass 900 million by 2025, driven…
Varaha, an Indian company developing carbon removal projects in Asia, has sold 100,000 carbon dioxide…
Ever wondered what happens when quantum computing takes a giant leap forward? Google’s latest quantum…
Does AI need to be reined in? Will putting regulations on AI curb the progress…
By definition of the Merriam-Webster dictionary, ‘technology’ means ‘the practical application of knowledge especially in…
This is the second-last edition of this year's "Tech, What the Heck!?" newsletter. To commemorate…
