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 Chief Financial Officer (CFO) is no longer the only one responsible for budgets and…
AI is no longer in the distant future, discussed only in university classrooms or interactive…
The Tech Panda takes a look at recent mergers and acquisitions within various tech ecosystems…
As robotics progresses towards creating humanoid robot helpers, our tendency is to create them in…
On June 7, 2025, Japan enacted a series of regulations aimed at enabling stronger consumer protections…
Introduction: The Signal Behind Snowflake’s CEO Change In the spring of 2024, Snowflake, a star…
