Categories: Tech & Society

Modernizing Medicine an Electronics Medical Records Startup Raises $14 Million in Funding from Summit Partners

 

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

 

Team TechPanda

Recent Posts

AI Launches: Fintech, SaaS, customer service, EdTech, hospitality, cleantech, consulting, graphics & skilling

The Tech Panda takes a look at recent launches in the superfast field of Artificial…

20 hours ago

India’s Nari Shakti moment: Women’s workforce participation doubles as industry backs return-to-work initiatives

India is witnessing a historic surge in women’s participation in the workforce. According to Ministry…

21 hours ago

Once more with feeling: An ambitious bid to build a digital Disneyland for fans

This entrepreneur, who entered the startup ecosystem when he was only thirteen years old, wants…

1 week ago

From UPI to Web3: How India’s fintech wave is reshaping the future of payments

India’s fintech sector is accelerating at breakneck speed, with digital payments becoming the new default…

2 weeks ago

AI Launches: SaaS, content management, ecommerce, cybersecurity, logistics, entertainment, & investment

The Tech Panda takes a look at recent launches in the superfast field of Artificial…

2 weeks ago