Blog Post

More money for electronic health records: Modernizing Medicine gets $14M in Series C round

Stay on Top of Emerging Technology Trends

Get updates impacting your industry from our GigaOm Research Community
Join the Community!

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.

One Response to “More money for electronic health records: Modernizing Medicine gets $14M in Series C round”

  1. Michael Sinsheimer

    Approaching verticals is an excellent approach as different specialties have different needs for an EHR. I’ve spoken to many physicians about this and they mostly complain that a cookie cutter EHR doesn’t work for their practice and they always have to go back to the vendor for some form of customization.